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Exact(17)
He has pledged to expand Vestas's international and offshore businesses.
But the island now earns far more from offshore businesses and insurance than from tourism.
Banks with big offshore businesses have been known to offer their employees incentives to sell corporate vehicles.
He was accused of not having reported hundreds of millions of dollars from investments in offshore businesses.
The principality's company law allowed a proliferation of offshore businesses, whose activities were beyond legal control, it said.
Mr. Augier, according to the newspaper Le Monde, was identified as an investor in offshore businesses in the Cayman Islands, another well-known tax haven.
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"Shell knows the offshore business, we know the wind business.
As Japan gradually eased these restrictions, some of the offshore business shifted back to Tokyo.
This is an offshore business, concentrated in a few finance centres.
Indeed, Mr Lee even suggests that the offshore business might already have peaked.
The offshore business is still in its infancy, but is growing fast.
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