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Nov 07, 2017 18:44 EEST
November 7 (SeeNews) - The former director of Slovenia's tax administration, Ivan Simic, has been named in the Paradise Papers, the latest leak of financial documents exposing offshore dealings of companies and wealthy individuals, local media reported.
Simic has been exposed for helping Slovenian citizens establish companies in Cyprus via a Cyprus-based firm set up to serve mostly Slovenian clients, news daily Delo reported on Monday.
The former tax chief has denied offshore dealings, Delo reported. He claims he only referred those who were interested in doing business in Cyprus to a company owned by his colleagues.
Simic is one of many Slovenian citizens to appear in the Paradise Papers - a set of 13.4 million confidential electronic documents relating to offshore investment that were leaked to German newspaper Suddeutsche Zeitung and released into the public domain by International Consortium of Investigative Journalists (ICIJ).
He was the director of the country's tax administration from January 2006 to July 2008, and a special adviser to Serbia's finance minister in 2013.
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