{"id":8826,"date":"2021-10-03T16:18:04","date_gmt":"2021-10-03T14:18:04","guid":{"rendered":"http:\/\/www.mans.co.me\/en\/?p=8826"},"modified":"2021-10-18T09:44:45","modified_gmt":"2021-10-18T07:44:45","slug":"pandora-papers-dukanovic-family-hid-ownership-through-five-countries","status":"publish","type":"post","link":"https:\/\/mans.co.me\/en\/?p=8826","title":{"rendered":"Pandora Papers: \u0110UKANOVI\u0106 FAMILY HID OWNERSHIP THROUGH FIVE COUNTRIES \u00a0"},"content":{"rendered":"\n<p>\u00a0<\/p>\n<p style=\"text-align: right;\"><strong>Authors: Vanja \u0106alovi\u0107 Markovi\u0107 &amp; Dejan Milovac<\/strong><\/p>\n<p>In 2012, Milo and Bla\u017eo \u0110ukanovi\u0107 concluded secret agreements on the management of their property, hiding behind a complex network of affiliated companies from Great Britain, Switzerland, the British Virgin Islands, Panama and Gibraltar.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/244318296_3960238404076929_2395121544444188168_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-8805\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/244318296_3960238404076929_2395121544444188168_n-1024x576.jpg\" alt=\"\" width=\"702\" height=\"395\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/244318296_3960238404076929_2395121544444188168_n-1024x576.jpg 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/244318296_3960238404076929_2395121544444188168_n-300x169.jpg 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/244318296_3960238404076929_2395121544444188168_n-768x432.jpg 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/244318296_3960238404076929_2395121544444188168_n.jpg 1920w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><\/p>\n<p>Son of the President of Montenegro also used this structure to set up two hidden companies with daughter companies in London and Montenegro.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_8803\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/1.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8803\" class=\"wp-image-8803 size-large\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/1-1024x715.png\" alt=\"\" width=\"702\" height=\"490\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/1-1024x715.png 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/1-300x209.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/1-768x536.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/1.png 1643w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8803\" class=\"wp-caption-text\">Network of companies through which the \u0110ukanovi\u0107 family hid real ownership of trusts and companies<\/p><\/div>\n<p>MANS Investigative Centre obtained this data through a global investigation of offshore business called <a href=\"https:\/\/www.icij.org\/investigations\/pandora-papers\" target=\"_blank\" rel=\"noopener noreferrer\">&#8220;Pandora Papers&#8221;<\/a>, conducted by the International Consortium of Investigative Journalists (ICIJ) with partners from 117 countries. So far, the largest collection of leaked data contains nearly 12 million documents from 14 offshore agencies. One of them is ALCOGAL, a leading law firm in Panama with offices in all major offshore destinations, including the British Virgin Islands, through which the businesses of the \u0110ukanovi\u0107 family have been run.<\/p>\n<p><iframe loading=\"lazy\" title=\"Pandora papiri: \u0110UKANOVI\u0106I SKRIVALI VLASNI\u0160TVO PREKO PET DR\u017dAVA\" width=\"702\" height=\"395\" src=\"https:\/\/www.youtube.com\/embed\/DZaDmBZaNzQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>In the documentation of that Panamanian company, MANS found certified copies of the agreement on the setting up of trusts that Milo and Bla\u017eo \u0110ukanovi\u0107 concluded on June 21, 2012 with the company CM Skye 2 (PTC) Limited registered in the British Virgin Islands.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/2.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8792 alignleft\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/2.png\" alt=\"\" width=\"166\" height=\"237\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/2.png 666w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/2-210x300.png 210w\" sizes=\"auto, (max-width: 166px) 100vw, 166px\" \/><\/a>Trusts do not exist in the Montenegrin legislation, while in offshore destinations they usually serve to hide the true owners of a property. The trust founder transfers ownership of the property to another person or company that becomes the official owner, even though he\/she only manages it. A trust agreement, which remains hidden from the public and is not submitted to any institution, specifies who actually benefits from the use or sale of that property.<\/p>\n<p>The agreement shows that \u0110ukanovi\u0107 Sr. set up the <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/The-Victoria-Trust.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Victoria Trust,<\/a> while his son set up the <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/The-CapeCastel-Trust.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Capecastel Trust<\/a>. They state the minimum initial capital, and specify that property can be entered into trusts at any time, both by the founders themselves and other persons. Trusts are established for a period of 80 years, while the company that manages them is authorized to buy and sell real estate and companies on behalf of \u0110ukanovi\u0107, set up new companies and bank accounts, give and take loans and perform various other tasks.<br \/><br \/><\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/3.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-8793\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/3-740x1024.png\" alt=\"\" width=\"258\" height=\"357\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/3-740x1024.png 740w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/3-217x300.png 217w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/3-768x1063.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/3.png 806w\" sizes=\"auto, (max-width: 258px) 100vw, 258px\" \/><\/a><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/4.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-8807\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/4-740x1024.png\" alt=\"\" width=\"258\" height=\"359\" \/><\/a><\/p>\n<p><em>Excerpt from the due diligence form of the company that manages \u0110ukanovi\u0107&#8217;s trusts<\/em><\/p>\n<p>That this was indeed the President of Montenegro and his son was shown by the certified documentation that was attached during the set-up of the trusts: diplomatic passport of Milo \u0110ukanovi\u0107 and the water bill from his address in Podgorica, which served as proof of residence. <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Blazo-LK.png\" target=\"_blank\" rel=\"noopener noreferrer\">His son submitted Montenegrin ID card<\/a> and an invoice for renting an apartment in London.<\/p>\n<div id=\"attachment_8797\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/5.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8797\" class=\"size-large wp-image-8797\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/5-1024x685.png\" alt=\"\" width=\"702\" height=\"470\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/5-1024x685.png 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/5-300x201.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/5-768x513.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/5.png 1602w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8797\" class=\"wp-caption-text\">Copy of Milo \u0110ukanovi\u0107&#8217;s diplomatic passport<\/p><\/div>\n<p>The <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Due-Diligence-Victoria-i-Capecastel.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">documents<\/a> state that the \u0110ukanovi\u0107 family set up trusts for the purpose of inheritance planning and protection of property, while their careers earnings and investment proceeds were listed as source of funds. These are irrevocable trusts, which enable the real owners to have their hidden property protected, even when it is the subject of court proceedings or creditors&#8217; claims.<\/p>\n<div id=\"attachment_8796\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/6.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8796\" class=\"size-large wp-image-8796\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/6-1024x419.png\" alt=\"\" width=\"702\" height=\"287\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/6-1024x419.png 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/6-300x123.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/6-768x314.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/6.png 1875w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8796\" class=\"wp-caption-text\">Excerpt from the due diligence form of the company that manages trusts of the \u0110ukanovi\u0107 family<\/p><\/div>\n<p>The agreements stipulate that the funds in trusts are accumulated until Milo i.e. Bla\u017eo give different instructions.<\/p>\n<p><strong>It started in London\u2026<\/strong><\/p>\n<p>It all started in the elite area of London, at 39-40 St James\u2019s Place, where, without visible features, law office Charles Mia Limited <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Charles-Mia-Promjena-adrese.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">was located until a week ago.<\/a><\/p>\n<div id=\"attachment_8786\" style=\"width: 989px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/7.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8786\" class=\"size-full wp-image-8786\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/7.png\" alt=\"\" width=\"979\" height=\"527\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/7.png 979w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/7-300x161.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/7-768x413.png 768w\" sizes=\"auto, (max-width: 979px) 100vw, 979px\" \/><\/a><p id=\"caption-attachment-8786\" class=\"wp-caption-text\">Charles Mia Limited Law Office, 39-40 St James\u2019s Place, London, UK<\/p><\/div>\n<p>On May 25, 2012, a lawyer from that company, Edward Harold Charles Cain, certified Bla\u017eo \u0110ukanovi\u0107&#8217;s Montenegrin ID card, which was valid until September 27, 2019. Five days later, his colleague from the same law firm, Mark Peter Stiebel, certified diplomatic passport of Milo \u0110ukanovi\u0107, which was issued on January 20, 2011, with a validity period of four years.<\/p>\n<p>The stamps certifying the documents state that Milo and Bla\u017eo \u0110ukanovi\u0107 brought the originals of their documents personally in order for the lawyers to confirm their identity.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/8.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8798\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/8.png\" alt=\"\" width=\"629\" height=\"298\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/8.png 629w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/8-300x142.png 300w\" sizes=\"auto, (max-width: 629px) 100vw, 629px\" \/><\/a><\/p>\n<p><strong>\u2026 through Switzerland<\/strong><\/p>\n<p>\u201cPandora Papers\u201d show that certified copies were sent from London to Switzerland, to CM Management (Suisse) SA company, which changed its name to LJ Management (Suisse) SA in March 2013 [1].<\/p>\n<div id=\"attachment_8799\" style=\"width: 370px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/9.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8799\" class=\"wp-image-8799 \" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/9.png\" alt=\"\" width=\"360\" height=\"337\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/9.png 491w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/9-300x281.png 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/><\/a><p id=\"caption-attachment-8799\" class=\"wp-caption-text\">\u00a0The address of LJ Skye 2 (PTC) Limited, which managed trusts of the \u0110ukanovi\u0107 family<\/p><\/div>\n<p>The office of that Swiss company was located in the town of Neuch\u00e2tel, at the address Rue du Seyon, number 2. It is at that address that the documentation of the company that managed \u0110ukanovi\u0107&#8217;s trusts was kept, as well as the data on hidden owners and business o<a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/182-firme-na-istoj-adresi-LJ-SKYE-NOTICES.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">f at least 182 more companies<\/a> from the British Virgin Islands.<\/p>\n<p>In early 2017, LJ Management (Suisse) SA closed its Nuchatel office and <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/lj-suiss-se-seli-u-yenevu.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">moved to Geneva<\/a>. It <a href=\"https:\/\/www.dnb.com\/business-directory\/company-profiles.lj_management_(suisse)_sa.445e9b4677a46ce55ffc1408eebb38ce.html\" target=\"_blank\" rel=\"noopener noreferrer\">now operates at the address Rue de St-L\u00e9ger 8.<\/a><\/p>\n<p>\u00a0<\/p>\n<p><strong>\u2026 and Panama<\/strong><\/p>\n<p>MANS found out that the Swiss company was hiding secret business of \u0110ukanovi\u0107 family thanks to the data of the law firm Aleman, Coldero, Galindo &amp; Lee Trust (ALCOGAL) from Panama, which deals with the registration of companies in numerous offshore destinations, whose data leaked.<\/p>\n<p>In late 2014, ALCOGAL requested from Swiss LJ Management information on affiliated companies that were registered in the British Virgin Islands with its help.<\/p>\n<div id=\"attachment_8800\" style=\"width: 367px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/10.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8800\" class=\"wp-image-8800\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/10.png\" alt=\"\" width=\"357\" height=\"302\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/10.png 921w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/10-300x254.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/10-768x651.png 768w\" sizes=\"auto, (max-width: 357px) 100vw, 357px\" \/><\/a><p id=\"caption-attachment-8800\" class=\"wp-caption-text\">Excerpt from the email communication between ALCOGAL and LJ Management (Suisse) confirming the receipt of documents by Milo and Bla\u017eo \u0110ukanovi\u0107.<\/p><\/div>\n<p>ALCOGAL explained that an <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Invoice-Corresp-Inspection.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">international audit was coming<\/a> and asked LJ Managament to provide the documents needed to check the due diligence.<\/p>\n<p>On November 18, the director of LJ Management, Barbara Haldi, certified copies of personal <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Milo-Pasos.png\" target=\"_blank\" rel=\"noopener noreferrer\">documents<\/a> of the <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Blazo-LK.png\" target=\"_blank\" rel=\"noopener noreferrer\">\u0110ukanovi\u0107<\/a> family, and on December 16, 2014, they were<a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Screenshot-2021-10-03-at-08.12.43.png\" target=\"_blank\" rel=\"noopener noreferrer\"> sent by registered mail<\/a> to the ALGOCAL\u2019s address in Panama.<\/p>\n<p>\u00a0<\/p>\n<p>On December 23, the company confirmed that they had received the shipment and stated that information for Milo and Bla\u017eo \u0110ukanovi\u0107 regarding the company LJ Skye 2 (PTC) Limited had been provided. That is what the <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/CNC-CM-Skye-2-to-LJ-Skye-2-f.-12-4-2013.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">company CM Skye 2 (PTC) Limited<\/a>, with which \u0110ukanovi\u0107 family entered into agreements on the establishment of trusts, was named at the beginning of 2013.<\/p>\n<p><strong>\u2026 and the British Virgin Islands and Gibraltar<\/strong><\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/11.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8801 alignleft\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/11-731x1024.png\" alt=\"\" width=\"315\" height=\"441\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/11-731x1024.png 731w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/11-214x300.png 214w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/11-768x1076.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/11.png 895w\" sizes=\"auto, (max-width: 315px) 100vw, 315px\" \/><\/a>The first official owner of the company that managed trusts of the \u0110ukanovi\u0107 family was Puffin Agencies Limited from Gibraltar. The ownership was then taken over by Clambake Limited, which at the same time held the position of director together with Cellar Limited. These two companies are registered in the British Virgin Islands and list the mailbox at Rue du Seyon No. 2 in Neuch\u00e2tel as their business address, where the LJ Management (Suisse) office is located.<\/p>\n<p>All of these companies were managed by <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Barbara.png\" target=\"_blank\" rel=\"noopener noreferrer\">Barbara Haldi<\/a>, Director of LJ Management (Suisse).<\/p>\n<p>These are companies that provide services of hiring directors and company secretaries, and officially represent a number of other companies, allowing the real owners to hide their identity.<\/p>\n<p>These companies are also listed in <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Resilton-direktori.png\" target=\"_blank\" rel=\"noopener noreferrer\">two<\/a>\u00a0<a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Victoria-Bridge-direktori-i-vlasnici.png\" target=\"_blank\" rel=\"noopener noreferrer\">companies<\/a> whose real owner is Bla\u017eo \u0110ukanovi\u0107.<\/p>\n<p>Judging by the documentation available in &#8220;Pandora Papers&#8221;, cooperation of the \u0110ukanovi\u0107 family with companies from this network began with Bla\u017eo&#8217;s secret affairs. On February 23, 2012, with the help of ALCOGAL and with the mediation of the then CM Management (Suisse) SA, he formed Victoria Bridge Finance Ltd. in the British Virgin Islands. This is shown by the internal documents of ALGOCAL, which list the real owners of almost 15 thousand companies that the law firm founded.<\/p>\n<p>In the case of the company Victoria Bridge Finance Ltd, Bla\u017eo \u0110ukanovi\u0107 is listed as the beneficial owner, his passport number (S91HG1950), which expired on March 27, 2019, was registered, his date of birth, citizenship and the residence address\u00a0in London.<\/p>\n<div id=\"attachment_8802\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/12.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8802\" class=\"size-large wp-image-8802\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/12-1024x327.png\" alt=\"\" width=\"702\" height=\"224\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/12-1024x327.png 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/12-300x96.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/12-768x245.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/12.png 1991w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8802\" class=\"wp-caption-text\">Excerpt from the internal document of ALGOCAL which contains data on the actual owners of the companies registered by that law firm in offshore destinations<\/p><\/div>\n<p>The official owners and directors of that company are the same as of the company that managed hidden trusts, and its business documentation is <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/182-firme-na-istoj-adresi-LJ-SKYE-NOTICES.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">also kept at the same Swiss address.<\/a><\/p>\n<div id=\"attachment_8785\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/13.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8785\" class=\"size-large wp-image-8785\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/13-747x1024.png\" alt=\"\" width=\"702\" height=\"962\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/13-747x1024.png 747w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/13-219x300.png 219w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/13-768x1053.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/13.png 861w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8785\" class=\"wp-caption-text\">Official owners and directors of Victoria Bridge Finance Ltd whose hidden owner is Bla\u017eo \u0110ukanovi\u0107<\/p><\/div>\n<p><strong>\u2026 to London<\/strong><\/p>\n<p>On June 28, 2012, seven days after the set up of Bla\u017eo\u2019s trust, his company Victoria Bridge Finance, together with Arcola International Ltd from the British Virgin Islands, <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Arcola-i-Victoria-Bridge.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">founded DGT Energy in London<\/a>.<\/p>\n<p>The first headquarters of that company was at the same address where the firm of the London law office, Charles Mia Limited, was located, which certified Bla\u017eo&#8217;s and Milo&#8217;s personal documents for the needs of setting up trusts.<\/p>\n<div id=\"attachment_8791\" style=\"width: 897px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/14.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8791\" class=\"size-full wp-image-8791\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/14.png\" alt=\"\" width=\"887\" height=\"364\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/14.png 887w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/14-300x123.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/14-768x315.png 768w\" sizes=\"auto, (max-width: 887px) 100vw, 887px\" \/><\/a><p id=\"caption-attachment-8791\" class=\"wp-caption-text\">Part of the DGT Energy\u2019s application for registration showing the office address<\/p><\/div>\n<p>On February 4, 2015, DGT Energy joins <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Laymarsh-ulazi.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Laymarsh Investments Limited<\/a> and <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Artemis-ulazi.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Artemis Ventures International Limited<\/a>, also from the British Virgin Islands, while <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Arcola-izlazi.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Arcola leaves<\/a> a day later. The same law firm, Charles Mia, is helping them with these changes.<\/p>\n<p><strong>\u2026 and Montenegro<\/strong><\/p>\n<p>Meanwhile, on January 15, 2014, Bla\u017eo \u0110ukanovi\u0107 set up another hidden company in the British Virgin Islands, <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Resilton-direktori.png\" target=\"_blank\" rel=\"noopener noreferrer\">Resilton Investments<\/a> Ltd. Its directors are the same as in other companies related to business of the \u0110ukanovi\u0107 family, Cellar Limited and Clambake Limited.<a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Resilton-adresa.png\" target=\"_blank\" rel=\"noopener noreferrer\"> That company also kept business documentation at the same address in Switzerland.<\/a><\/p>\n<div id=\"attachment_8787\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/15.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8787\" class=\"size-large wp-image-8787\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/15-785x1024.png\" alt=\"\" width=\"702\" height=\"916\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/15-785x1024.png 785w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/15-230x300.png 230w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/15-768x1002.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/15.png 892w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8787\" class=\"wp-caption-text\">Certificate of incumbency of the Resilton Investments Ltd<\/p><\/div>\n<p>That Bla\u017eo \u0110ukanovi\u0107 is the real owner of Resilton is shown by the internal document of ALGOCAL, which lists the real owners of the companies managed by LJ Management (Suisse) SA, and an affiliated company with a similar name, registered on the Isle of Man, LJ Management (IOM) Limited.<\/p>\n<p>The document states the passport number and other personal data of Bla\u017eo \u0110ukanovi\u0107 as the real owner of Resilton.<\/p>\n<p>\u00a0<\/p>\n<div id=\"attachment_8794\" style=\"width: 897px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/16.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8794\" class=\"size-full wp-image-8794\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/16.jpg\" alt=\"\" width=\"887\" height=\"251\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/16.jpg 887w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/16-300x85.jpg 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/16-768x217.jpg 768w\" sizes=\"auto, (max-width: 887px) 100vw, 887px\" \/><\/a><p id=\"caption-attachment-8794\" class=\"wp-caption-text\">Excerpt from the internal document of ALGOCAL which contains data on the actual owners of the companies managed by LJ Management (Suisse) SA and LJ Management (IOM) Limited<\/p><\/div>\n<p>Resilton is one of the founders of the Montenegrin company Proenergy Montenegro, which was registered on April 10, 2014 and has never submitted financial statements. The second founder is Keyman Land Holdings Inc., while the third is<a href=\"https:\/\/www.hep.hr\/about-hep-group\/hep-management-structure\/management-board\/marko-cosic-m-sc-board-member\/2533\" target=\"_blank\" rel=\"noopener noreferrer\"> Marko \u0106osi\u0107, a member of the board of directors of Hrvatska elektroprivreda,<\/a> Croatia&#8217;s national energy company.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/17.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8795\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/17.jpg\" alt=\"\" width=\"827\" height=\"559\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/17.jpg 827w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/17-300x203.jpg 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/17-768x519.jpg 768w\" sizes=\"auto, (max-width: 827px) 100vw, 827px\" \/><\/a><\/p>\n<p><strong>\u0110ukanovi\u0107 family admitted that they are the owners of hidden trusts and companies<\/strong><\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/18.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8790 alignright\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/18.png\" alt=\"\" width=\"315\" height=\"393\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/18.png 427w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/18-240x300.png 240w\" sizes=\"auto, (max-width: 315px) 100vw, 315px\" \/><\/a>In response to questions from MANS and ICIJ, Milo \u0110ukanovi\u0107 admitted that he had founded the Victoria Trust in 2012, emphasizing that he was not a public official at that time.<\/p>\n<p>\u201cIn 2012, at the time when I was not holding a public office in Montenegro and was not performing any state duties (my term as the prime minister had expired in 2010), I worked on organizing business infrastructure looking to start business activities with my son. At that time, I established the Victoria Trust I was asked about&#8221;, \u0110ukanovi\u0107 said.<\/p>\n<p>He claims that at the end of that year, after his appointment as the prime minister, he transferred ownership of his trust to his son Bla\u017eo.<\/p>\n<p>&#8220;At the end of 2012, I returned to the office of the prime minister, which I did not plan. After that, I transferred the complete ownership of the Victoria Trust to my son Bla\u017eo \u0110ukanovi\u0107 &#8220;, the President of Montenegro said, stating that his son would provide us with other information about the business and fate of that trust.<\/p>\n<p>Bla\u017eo confirmed that he is the real owner of the companies Victoria Bridge Finance Ltd and Resilton Investments Ltd hidden in the British Virgin Islands. He did not answer a follow-up question about the ownership of his father&#8217;s trust<a href=\"#_ftn1\" target=\"_blank\" rel=\"noopener noreferrer\" name=\"_ftnref1\"><em><strong>[1]<\/strong><\/em><\/a>, and claims that he does not remember even his own.<\/p>\n<p>\u201cI remember there was a story about it as a part of a possible business structure while I was living in the UK, but I don\u2019t remember if it was set up. If it was, I had nothing to do with it and it must have been closed down a long time ago&#8221;, \u0110ukanovi\u0107 Jr. said.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/19.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8788\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/19.png\" alt=\"\" width=\"970\" height=\"304\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/19.png 970w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/19-300x94.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/19-768x241.png 768w\" sizes=\"auto, (max-width: 970px) 100vw, 970px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Due-Diligence-Victoria-i-Capecastel.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Both father and son are denied by the leaked documents<\/a> which show that in November 2014, while Milo \u0110ukanovi\u0107 was in the middle of the prime minister&#8217;s term, he was still the sole owner of the Victoria Trust, while his son was the owner of the Capecastel Trust.<\/p>\n<p>This is shown by the documentation of the Swiss company LJ Management (Suisse), repeatedly associated with the secret affairs of \u0110ukanovi\u0107, <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/podaci-o-slanjiu-Milovih-podataka.png\" target=\"_blank\" rel=\"noopener noreferrer\">which sent the data on the beneficial owners of the hidden trusts to its agent in December 2014.<\/a><\/p>\n<p>In mid-2014, in a letter submitted to ALGOCAL, the company confirms that it knows who the real owners of the companies and trusts it manages are, explaining that in this way it respects the rules on the prevention of money laundering. At the same time, the director of that company also managed the company with which the \u0110ukanovi\u0107 family concluded secret agreements, so she had to know about all the changes related to their trusts.<\/p>\n<div id=\"attachment_8789\" style=\"width: 672px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/20.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8789\" class=\"size-large wp-image-8789\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/20-662x1024.png\" alt=\"\" width=\"662\" height=\"1024\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/20-662x1024.png 662w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/20-194x300.png 194w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/20-768x1189.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/20.png 849w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/><\/a><p id=\"caption-attachment-8789\" class=\"wp-caption-text\">Excerpt from a letter of LJ Management (Suisse) SA sent to ALGOCAR, stating that it has information on the beneficial owners<\/p><\/div>\n<p>In their answers to the questions of MANS and ICIJ, Milo and Bla\u017eo \u0110ukanovi\u0107 claim that they never invested in trusts and that these hidden deals did not bring them any money. This is also confirmed by the agents in charge of managing their trusts, who are usually obliged to hide information about their clients&#8217; business from the public.<\/p>\n<p>The agreements stipulate that, in addition to the initial capital, which in both cases amounted to a minimum \u00a3 100, any individual or company may pay additional funds or transfer assets to trusts owned by the \u0110ukanovi\u0107 family.<\/p>\n<p>The company that manages their trusts was not obliged to submit financial reports in the British Virgin Islands, and it kept the documentation on its business in Switzerland. Due to that, the data on the property owned by secret trusts of the \u0110ukanovi\u0107 family were not part of the leaked documents.<\/p>\n<p><strong>Behind whom the \u0110ukanovi\u0107 family was hiding<\/strong><\/p>\n<p>The companies that enabled the \u0110ukanovi\u0107 family to set up hidden trusts state that they <a href=\"https:\/\/citywire.co.uk\/wealth-manager\/news\/profile-how-millennials-and-gulf-cash-are-remaking-this-private-office\/a1170919;\" target=\"_blank\" rel=\"noopener noreferrer\">discreetly provide their services to extremely rich families around the world<\/a>, whose money they mainly invested in <a href=\"https:\/\/familyofficehub.io\/blog\/london-family-office-is-heavily-investing-and-acquiring\/\" target=\"_blank\" rel=\"noopener noreferrer\">buying real estate in Europe, Asia and America.<\/a><\/p>\n<p>It is a very complex business structure that has provided business start-up services and investment aid around the world, through affiliated companies from the UK, Switzerland, Portugal, Hong Kong, Singapore, the United States and the Isle of Man.<\/p>\n<p>In 2012, secret affairs of the \u0110ukanovi\u0107 family were run by a group of companies operating under the <a href=\"https:\/\/www.arrowpointadvisory.com\/our-transactions\/lj-group-acquires-majority-stake-in-cm-skye\/\" target=\"_blank\" rel=\"noopener noreferrer\">CM Skye brand<\/a>. In 2013, the majority ownership of that network of companies was taken <a href=\"https:\/\/www.arrowpointadvisory.com\/our-transactions\/lj-group-acquires-majority-stake-in-cm-skye\/\" target=\"_blank\" rel=\"noopener noreferrer\">over by LJ Group<\/a>. In mid-2016, a part was bought by the <a href=\"https:\/\/www.bloombergquint.com\/markets\/qatari-cash-in-nyc-meets-hong-kong-money-to-back-wealth-firm\" target=\"_blank\" rel=\"noopener noreferrer\">Peterson Group from Hong Kong<\/a>, while during 2018, one of the members of the royal family of Qatar became the <a href=\"https:\/\/www.bloombergquint.com\/markets\/qatari-cash-in-nyc-meets-hong-kong-money-to-back-wealth-firm\" target=\"_blank\" rel=\"noopener noreferrer\">owner of 40% of the shares.<\/a><\/p>\n<p>\u00a0<\/p>\n<p>According to official financial reports, British<a href=\"https:\/\/find-and-update.company-information.service.gov.uk\/company\/09111421\/filing-history?page=1\" target=\"_blank\" rel=\"noopener noreferrer\"> Alvarium Investments Limited<\/a> is the beneficial owner of most of the companies from the complex network that served the \u0110ukanovi\u0107 family to hide trusts and companies: <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Alvarium-investments-Limited-2018.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">LJ Skye 2 (PTC) Limited, LJ Management (Suisse), Cellar Limited, Clambake Limited, as well as Puffin Agencies Limited<\/a>. <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Sheik-Al-Thani-ulazak.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Sheikh Jassim Al-Thani<\/a> and <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/Yeung-ulazi.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Sai Hong Yeung<\/a> are listed in the British register as &#8220;persons with significant control of ownership&#8221; in that company.<\/p>\n<p>One of the partners in the Alvarium is the lawyer who certified Bla\u017eo&#8217;s personal documents, <a href=\"https:\/\/alvariuminvestments.com\/people\/edward-cain\/\" target=\"_blank\" rel=\"noopener noreferrer\">Edward Cain.<\/a><\/p>\n<p><strong>They did not recognize Milo, but they know who Bla\u017eo is<\/strong><\/p>\n<p>The companies that enabled Milo \u0110ukanovi\u0107 to set up a secret trust did not mark him as a politically exposed person (PEP) in any available document, although they were obliged to do so by the <a href=\"https:\/\/www.fiabvi.vg\/Portals\/0\/Anti-Money-Laundering-and-Terrorist-Financing-Code-of-Practice-2008.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Anti-Money Laundering and Terrorist Financing Law<\/a> in the British Virgin Islands.<\/p>\n<p>The law stipulates that PEPs are also persons who have ceased to hold public office for a period of two years.<\/p>\n<p>\u0110ukanovi\u0107 used his diplomatic passport, issued in January 2011, to establish the trust, which clearly states that he is the former Prime Minister of Montenegro.<\/p>\n<p><a href=\"https:\/\/www.glasamerike.net\/a\/cn-368707-montenegro-pm-resignation-12-21-10-112246044\/729634.html\" target=\"_blank\" rel=\"noopener noreferrer\">He resigned as the prime minister in December 2010<\/a>, thus, in June 2012, when he signed the trust agreement, he still had to be recognized as a politically exposed person.<\/p>\n<p>In addition, the law recognizes a high-ranking political official as a PEP, and \u0110ukanovi\u0107 was the head of the Democratic Party of Socialists at the time the trust was set up.<\/p>\n<p>Although it also checked other clients by searching the Internet, there is no evidence in the leaked documents that ALCOGAL tried to determine whether \u0110ukanovi\u0107 was a politically exposed person.<\/p>\n<p>At the same time, ALCOGAL describes his son Bla\u017eo \u0110ukanovi\u0107 in internal documents as a politically exposed person.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/21.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-8804\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/21-1024x251.png\" alt=\"\" width=\"702\" height=\"172\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/21-1024x251.png 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/21-300x74.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/21-768x188.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/21.png 1578w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><\/p>\n<p>Agents who register companies in the British Virgin Islands have a legal obligation to determine the sources of PEP funds and to regularly monitor their activities, which did not happen in the case of \u0110ukanovi\u0107, judging by the leaked documentation.<\/p>\n<p><strong>Unusual name changes and dissolving after the elections<\/strong><\/p>\n<p>The company that hid \u0110ukanovi\u0107&#8217;s business <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/CNC-CM-Skye-2-to-LJ-Skye-2-f.-12-4-2013-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">changed its name to LJ Skye 2 (PTC) Limited in April 2013<\/a>. That was the previous name of its sister company, which changed its name three times in just seven days.<\/p>\n<p>CM Skye 1 (PTC) Limited and CM Skye 2 (PTC) Limited were established on the same day, 16 February 2009, in the British Virgin Islands to provide services to trusts. The registration numbers of these companies, 1521209 and 1521210, show that they were set up one after the other.<\/p>\n<p>On April 5, 2013, CM Skye 1 (PTC) Limited <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/1.-CM-Skye-1-to-LJ-Skye-1-1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">changed its name to LJ Skye 1 (PTC) Limited<\/a>, and three days later, on April 8, to <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/2.-Promjena-LJ-Skye1-to-LJ-Skye-2.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">LJ Skye 2 (PTC) Limited<\/a>.<\/p>\n<p>Four days later, on April 12, LJ Skye 2 (PTC) Limited, registered under number 1521209, again changed its name to <a href=\"http:\/\/www.mans.co.me\/wp-content\/uploads\/2021\/10\/3.-CNC-LJ-Skye-2-to-LJ-Skye-1-f.-12-4-13.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">LJ Skye 1 (PTC) Limited<\/a>. On the same day, the company that manages the secret affairs of the \u0110ukanovi\u0107 family, registration number 1521210, changed its name from CM Skye 2 (PTC) Limited to LJ Skye 2 (PTC) Limited.<\/p>\n<p><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/22.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8810\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/22.jpg\" alt=\"\" width=\"878\" height=\"365\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/22.jpg 878w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/22-300x125.jpg 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/22-768x319.jpg 768w\" sizes=\"auto, (max-width: 878px) 100vw, 878px\" \/><\/a><\/p>\n<p>According to the data from the Virgin Islands Official Gazette, exactly one month after the change of government in Montenegro, on September 30, 2020, the company LJ Skye 2 (PTC) Limited, which managed secret affairs of the \u0110ukanovi\u0107 family, initiated a <a href=\"https:\/\/www.bvibeacon.com\/notices-october-8-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">voluntary liquidation procedure<\/a> and was soon <a href=\"https:\/\/www.bvibeacon.com\/notices-november-5-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">dissolved.<\/a><\/p>\n<div id=\"attachment_8806\" style=\"width: 712px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/23.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-8806\" class=\"size-large wp-image-8806\" src=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/23-1024x798.png\" alt=\"\" width=\"702\" height=\"547\" srcset=\"https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/23-1024x798.png 1024w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/23-300x234.png 300w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/23-768x599.png 768w, https:\/\/mans.co.me\/en\/wp-content\/uploads\/2021\/10\/23.png 1039w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><p id=\"caption-attachment-8806\" class=\"wp-caption-text\">Excerpt from the Virgin Islands Official Gazette<\/p><\/div>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Authors: Vanja \u0106alovi\u0107 Markovi\u0107 &amp; Dejan Milovac In 2012, Milo and Bla\u017eo \u0110ukanovi\u0107 concluded secret agreements on the management of their property, hiding behind a complex network of affiliated companies from Great Britain, Switzerland, the British Virgin Islands, Panama and Gibraltar. Son of the President of Montenegro also used this structure to set up<\/p>\n<div class=\"read-more\"><a class=\"cat-69\" href=\"https:\/\/mans.co.me\/en\/?p=8826\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":5,"featured_media":8805,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":{"0":"post-8826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investigative-stories"},"_links":{"self":[{"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=\/wp\/v2\/posts\/8826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8826"}],"version-history":[{"count":0,"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=\/wp\/v2\/posts\/8826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=\/wp\/v2\/media\/8805"}],"wp:attachment":[{"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mans.co.me\/en\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}