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Guoga is a founder and former shareholder of iBus Media Ltd., a gambling news publisher on the Isle of Man. Appleby data show that another shareholder is Mark Scheinberg, a co-founder of PokerStars, an online gambling company that settled a U.S. Justice Department fraud lawsuit for $731 million in 2012. An internal Appleby message in 2015 said Guoga was no longer a shareholder or officer of iBus.
Guoga owns a company called SG Holdings Ltd., according to the Maltese corporate registry. He did not reveal that stake in his parliamentary disclosures, according to 15min.lt, an online media platform in Lithuania.
Guoga told ICIJ partner in Lithuania 15min.It that the information regarding his interest in iBus Media “is fully public and is available at the tax office and other official authorities as it is declared according to the laws.” He also said that all the transactions, including sales of iBus Media shares, are known to the state tax office.
“I was an investor and did not participate in the operations of the business,” Guoga said.
Member of Parliament, India
Former deputy minister of defense, Saudi Arabia
Minister of civil aviation, India
Candidate for U.S. Democratic Party presidential nomination
There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.
There are legitimate uses for offshore companies and trusts. Read more
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