Former Egypt forward Mohamed Aboutrika, one of the country's most famous sportsmen, has been sentenced to a year in jail on charges of tax evasion, local media reported on Tuesday.
The Applicant had reached an agreement with HM Receiver General for the assets to be returned to the custody of the Applicant, subject to payment of a fee on a time-costed basis (and to a cap of 5% of aggregate value).
Last month STM, which provides international tax planning, acquired the troubled UK Sipp provider Carey Pensions in a deal worth up to £400,000.
“Records and underlying documentation” includes accounts and records, such as invoices, contracts, and similar documents
At the point of insolvency, the beneficiaries no longer have any interest in the trust assets, as these interests are turned over to creditors.