---
title: "AEL Limited — Ownership Dossier"
canonical: https://whiteintel.dev/entity/e91a1ff2-fe47-5dd9-befb-3f0a4b1f46e5
json: https://whiteintel.dev/api/public/dossier/e91a1ff2-fe47-5dd9-befb-3f0a4b1f46e5
identifier: icij:icijol-168179
jurisdiction: CK
risk: High
source: WhiteIntel corporate-ownership graph
---

# AEL Limited

**Type:** Company  
**Jurisdiction:** CK  
**Identifier:** `icij:icijol-168179`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/e91a1ff2-fe47-5dd9-befb-3f0a4b1f46e5  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/e91a1ff2-fe47-5dd9-befb-3f0a4b1f46e5  

## Ownership & control

### Owners / controllers

- **Andes International Holdings (BVI) Ltd** (shareholder of) — https://whiteintel.dev/entity/720d7655-446d-5f91-bf9e-c255b3602aef
- **Trustcorp Limited** (shareholder of) — https://whiteintel.dev/entity/cd121bfe-0c9f-53bd-bbbd-e9070b6691cd
- **Joe Cheng (aka Cheng Nai Ming)** (beneficial owner of) — https://whiteintel.dev/entity/f005aeb9-a285-54ec-be6d-9f7eff9b0cf9
- **NG JOO SIANG** (shareholder of) — https://whiteintel.dev/entity/b69651eb-94af-5a11-bc8e-1c3c0ec15bf8

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

A **8-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)

**5** 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/168179

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **AEL Limited**. Human view: https://whiteintel.dev/entity/e91a1ff2-fe47-5dd9-befb-3f0a4b1f46e5 · Structured JSON: https://whiteintel.dev/api/public/dossier/e91a1ff2-fe47-5dd9-befb-3f0a4b1f46e5._

_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"._