Scottish economic adviser linked to Cayman Islands

| 01/03/2009

(The Sunday Herald): The white facade and palm trees make Ugland House look like a small hotel in the West Caribbean. But the five-storey office block in the Cayman Islands combines a reputation for controversy with 18,000 tenants. Described by President Obama as the "biggest tax scam in the world", Ugland House is home to thousands of businesses which take advantage of the Islands’ status as a tax haven. The building is also the registered address of several "mutual funds" that are part of the investment group chaired by First Minister Alex Salmond’s chief economic adviser, Sir George Mathewson.

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