Secretive Tax Havens: Ibrahim Mahama named among world elite's hidden wealth

Ibrahim Mahama was named among the world’s biggest businesses, heads of state and global figures in politics.

Businessman and brother of former president John Mahama has been named among the world elite's hidden wealth.

Ibrahim Mahama was named among the world’s biggest businesses, heads of state and global figures in politics, entertainment and sport who have sheltered their wealth in secretive tax havens.

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The details come from a leak of 13.4m files that expose the global environments in which tax abuses can thrive – and the complex and seemingly artificial ways the wealthiest corporations can legally protect their wealth.

The material, which has come from two offshore service providers and the company registries of 19 tax havens, was obtained by a German newspaper with partners including the Guardian, BBC and the New York Times and the project called the Paradise Papers.

The Chief Executive Officer of Engineers & Planners Company Limited is under investigation by the Economic and Organized Crimes Office for allegedly issuing bad checks.

In 2016, authorities took Ibrahim Mahama’s company to court for allegedly not paying social security payments to staff; the case was later settled.

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In 2013, representatives of Mahama and his contracting company Engineers and Planners Company Limited contacted Appleby about creating two offshore companies in the Isle of Man but ended up creating only one.

The company, Red Sky Aviation Limited, was used to hold a $7 million Bombardier Challenger jet.

The second company was intended for "consulting services in the oil and gas mining infrastructure development and real estate sectors of the Ghanaian economy."

Appleby ranked Mahama and his companies as a high risk due to his relationship to the then-president and allegations in local media that government funds were being used to repay the company’s multimillion-dollar bank loan.

Mahama’s company has, however, denied any wrongdoing.

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Ibrahim Mahama was named among the world’s biggest businesses, heads of state and global figures in politics. Read Full Story