Cuba's military-controlled conglomerate, GAESA, has stashed away as much as $18 billion in offshore and dollar-denominated assets even though the country faces its worst economic and humanitarian crisis in decades, according to a new report.
The records show that assets held by key subsidiaries of GAESA—including Gaviota and Almest, which manage and invest in tourism infrastructure— were far higher than the government's spending on public services.
