Thursday, October 14, 2021
The Pandora Papers revealed the secret wealth and dealings of world leaders, politicians and billionaires. About 35 current and former leaders and more than 300 public officials are named in the files from offshore companies, which are being referred to as the Pandora Papers.
In what has been called one of the biggest leaks of financial documents, exposés include the King of Jordan who secretly amassed £70m of UK and US property, ex-UK PM Tony Blair and his wife who saved £312,000 in stamp duty when they bought a London office and bought an offshore firm that owned the building.
Also included in the leak is information on secret assets in Monaco that belong to Russian President Vladimir Putin. The leak also shows the Czech Prime Minister Andrej Babis failed to declare an offshore investment company used to purchase to villas for £12m in the south of France.
The joint investigation is made up of access to nearly 12 million documents and files from 14 financial services companies in countries including the British Virgin Islands, Panama, Belize, Cyprus, the United Arab Emirates, Singapore, and Switzerland.
Among the allegations brought against some figures are corruption, money laundering, and global tax avoidance.
See Pandora Papers reporting team, Pandora Papers: Secret wealth and dealings of world leaders exposed, BBC News, October 3, 2021.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.