property empire


PHOTO: SUPPLIED Paul Mora’s house overlooking the Clearwater Golf Course.

While Paul Mora can enjoy life in a plush house overlooking the premier Clearwater Golf Course, his former business partner in a mammoth alleged tax fraud is being interrogated in a German court.

Martin Shields, 41, who worked with Mora mainly in London between 2000 and 2012, is currently before the Bonn regional court in Germany, answering questions about a complex tax scheme that allegedly deprived German taxpayers of countless millions.

Mora, 51, and Shields, an Irish maths whizz who studied at Oxford University, worked at the German bank HypoVereinsbank (HVB) from 2002 and together founded investment banking firm Ballance Capital in about 2008.

At HVB and Ballance, the pair made millions for clients and themselves through complex share transactions to get more than one tax refund on the same deal.