Bono’s bandmates have defended him, following the Paradise Papers scandal.
In information contained in a vast leak of financial papers, obtained by German newspaper Suddeutsche Zeitung, it’s was alleged that the U2 frontman used a firm based in Malta, which is a low-tax jurisdiction, to pay for a share in a shopping centre based in Lithuania.
According to the papers, the Irish rock star, real name Paul Hewson, invested in Maltese company Nude Estates to buy a stake in the Ausra Mall in the town of Utena, shortly after it opened in 2007.
But now, The Edge and Adam Clayton have addressed the revelations, and condemned what they believe is unfair treatment of Bono in the press.
The famous band performed an eight-song set at London’s Trafalgar Square last night, before they were honoured by MTV as global icons of music.
Speaking to the Irish Mail on Sunday ahead of their set, The Edge and Adam Clayton revealed that the band had consulted lawyers.
“I think it is a complicated thing,” The Edge said. “We are wealthy people and you could say that it comes with the territory.”
“We understand why people are angry with the system. It definitely needs an overhaul but it is a complex thing. Unfortunately there were a lot of inaccuracies reported initially and at this point there are lawyers involved.”
