Swedish House Mafia have been named in the Pandora Papers, an explosive leak of offshore financial data and that’s not quite good for the Swedish trio.
According to a report by Swedish national public television broadcaster SVT, Swedish House Mafia formed a company in the British Virgin Islands to manage ownership of various recordings released by the group, as well as its name and logo. The entity reportedly owned the rights to “Don’t You Worry Child” and “Save the World,” two of the band’s most popular songs.
Swedish House Mafia retained a wealth advisor to establish the entity, SHM Holdings Ltd., in 2009, SVT reports. The advisor is said to have created it on behalf of the band’s members, Axwell, Sebastian Ingrosso, and Steve Angello, through a separate company called Marsham LLC, which originated on Nevis, a small island in the Caribbean Sea.
It remain to be seem how this “Pandora” leak will affect Swedish House Mafia, but nevertheless we are still waiting for that promised album 😀 !