Press "Enter" to skip to content

Pandora Papers Revels Offshore Assets of World Leaders

Pandora Papers exposes concealed financial wealth of the world’s rich and powerful leaders, including more than 330 politicians from approximately 100 countries.

Pandora Papers are the huge inventory of the seeped financial documents. International Consortium of Investigative Journalists (ICIJ) acquired approximately 12 million of these confidential files. The ICIJ worked with more than 600 journalists in 117 countries to scrutinize the records.

Gerard Ryle, director of the ICIJ says, “We’re not looking at a couple of million dollars, here, but we are looking at trillions of dollars”

This enormous leak indicates that wealthy people from all over the world keeping money in the Caribbean tax havens, walloping possessions in foreign trusts, and protecting their wealth in opaque Panamanian corporations.

Some people named in the leak are key representatives in developing or penniless countries, such as Kenya and Jordan. Sri Lanka, Ivory Coast, India, Brazil, Pakistan, and Gabon are among the countries on the list.

Pandora Papers Revels Offshore Assets of World Leaders

These confidential files come from 14 law corporations. The ICIJ, defending its sources by not revealing the precise origin of the leaks. The leaked document includes bank statements and records of properties held in Belize, Panama, the British Virgin Islands, Samoa, South Dakota, Seychelles, and other jurisdictions.

The current head of the state associated with the Pandora Papers are Azerbaijani President Ilham Aliyev’s family, Kenyan President Uhuru Kenyatta, Chilean President Sebastián Piñera, former head of the Philippines’ Presidential Commission on Good Government, and many more.

Most of these people suspect of walloping properties in the Pandora Papers are now declined to discuss the matter with ICIJ or few stated that their offshore accounts were legal.