---
title: "KARM FORMOSA LTD — Ownership Dossier"
canonical: https://whiteintel.dev/entity/a4a00324-c059-586d-930a-bb3b607acbd1
json: https://whiteintel.dev/api/public/dossier/a4a00324-c059-586d-930a-bb3b607acbd1
identifier: icij:icijol-55030000
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# KARM FORMOSA LTD

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55030000`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/a4a00324-c059-586d-930a-bb3b607acbd1  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/a4a00324-c059-586d-930a-bb3b607acbd1  

## Ownership & control

### Owners / controllers

- **LONORIS LIMITED** (shareholder of) — https://whiteintel.dev/entity/6ecd01ae-ce70-510c-a13d-04f096c7a703
- **CARDOR LIMITED** (shareholder of) — https://whiteintel.dev/entity/865a98dd-4154-5dad-a72a-6a05d579f6b4

### UBO chain (walk to the ultimate owner)

A **11-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**6** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/55030000

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **KARM FORMOSA LTD**. Human view: https://whiteintel.dev/entity/a4a00324-c059-586d-930a-bb3b607acbd1 · Structured JSON: https://whiteintel.dev/api/public/dossier/a4a00324-c059-586d-930a-bb3b607acbd1._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._