Graham Edwards' BVI Holding Company Linked to Major Data Centre Project
1 report, 1 independent
Updated Sun 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
CX Tech Limited, which is planning a 1000 megawatt data centre in Dumfriesshire, is controlled by Wpgss Limited. Wpgss Limited is owned by Graham Edwards through a holding company registered in the British Virgin Islands. This structure was revealed by The Ferret.
From thenational.scot
Why it matters
The complex financial structure involving the British Virgin Islands could obscure who ultimately benefits from the data centre and how the rewards are taxed, even though CX Tech stated it would be subject to UK tax on its profits. The project itself could benefit from up to £23 million in taxpayer support.
From thenational.scot
Who's involved
- Graham EdwardsProperty mogul and treasurer of the UK Conservative party who owns the controlling shareholder.
- British Virgin IslandsJurisdiction used for the holding company, which is a notorious tax and secrecy haven.
- companyThe company developing the 1000 MW data centre in Dumfriesshire.
Keep exploring
The entities involved
-
British Virgin Islands
British overseas territory in the Caribbean
- Cyprus and the British Virgin Islands are being used as offshore registration jurisdictions in financial proceedings involving the Federal Tax Service and Federal Antimonopoly Service.
- Deloitte Cyprus allegedly created backdated documents while reviewing papers involving BVI companies related to Yukos and Gazprom Neft.