Previous chapter: Chapter 20
Next chapter: Chapter 22
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... the complex labyrinth of paper companies, as the relations between the more than a thousand paper companies were as convoluted as you could imagine. Circular shareholding and holding structures were arranged in a complex manner to make the reader’s head spin.


The firms that had done this for us were following the laws, but the sum total became illegal when we assembled the complete structure. Ironically the firms that had actually done the deed had broken no laws, but we had by merel ...

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