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Pandora Papers Exposed Secret offshore wealth of world leaders

ThinkCivics Newswire by ThinkCivics Newswire
October 5, 2021
in Economy
Reading Time: 1 min read
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Pandora Papers Exposed Secret offshore wealth of world leaders

LOIC VENANCEGETTY IMAGES

The secret offshore wealth of more than 300 world leaders, politicians and billionaires has been exposed in one of the biggest ever leaks of financial data.

Dubbed the Pandora Papers, the documents show how 35 current and former world leaders – including associates of Vladimir Putin – used accounts in tax havens to accrue huge amounts of wealth and carry out transactions.

The files consist of 12 million documents from 14 financial services companies in countries including the British Virgin Islands, Panama, Belize, Cyprus, the United Arab Emirates, Singapore and Switzerland.

They were obtained by the International Consortium of Investigative Journalists (ICIJ) before being studied by more than 650 reporters from BBC Panorama, the Guardian and more than 100 other news outlets.

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Tags: BillionairesPandoraPandora PapersPoliticiansRichTax havenwealthy
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