The value of the property in Poland is not clear. One document seen by The Irish Times gives a current value for Pro-Build’s assets of 8.6 million zloty, or approximately €1.8 million.
A register of the beneficial owners of Polish companies – which was established in 2019 and is not part of the Pandora Papers – shows that Mr Shovlin is still the 50 per cent beneficial owner of Pro-Build Ig Sp Zoo, by way of the Cypriot company Coastforest Trading. It does not mention anyone else in relation to the company.
The money in the account would be going to, and coming from, Ireland, according to the bank document.
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