Bono used Malta-based firm to invest in Lithuanian shopping centre

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U2 frontman was financier in company based in island country where foreign financiers pay 5% tax on earnings, Paradise Papers reveal

His band have actually never ever existed, and neither, it appears, has he. As a financial investment chance, Bono discovered exactly what he was looking for in Lithuania .

The U2 frontman utilized a business based in Malta to spend for a share in a shopping center in a village in the north-east of the nation, the Paradise Papers expose.

The vocalist, whose genuine name is Paul Hewson, was a financier in the Maltese business Nude Estates, which purchased the Aura shopping mall– called after the Lithuanian word for dawn– for EUR5.8 m ( 5.1 m) quickly after it opened in 2007.

Nude Estates included a Lithuanian business of the exact same name to hold the home in Utena, 60 miles (97km) north of the capital, Vilnius.

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