PANDORA PAPERS: Video & Major Stories From Our Partners

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October 25, 2021

A trove of nearly 12 million confidential documents, collectively known as the Pandora Papers, reveals the hidden assets and secret deals of some of the world’s wealthiest and most powerful people, including 130 billionaires, 35 current and former world leaders and more than 330 politicians and public officials.

The documents — shared with the International Consortium of Investigative Journalists by an anonymous source — include records from 14 financial service providers around the world. The leaked files illustrate the global entanglement of political power and secretive offshore finance, and how U.S. trusts are sheltering millions in controversial assets.

For close to two years, ICIJ has led an investigation into these documents with 150 media organizations, including FRONTLINE. Our documentary on the Pandora Papers will premiere later this fall. In the meantime, watch a trailer for the documentary, above, and read major stories from our media partners, updated as news breaks, below.


Jump to coverage from each day:


Monday, Oct. 25, 2021

ICIJ & The Washington Post

After Pandora Papers, Met Officials Contacted U.S. Attorneys About Relics Cambodia Says Were Stolen

“Investigators from the U.S. attorney’s office met with officials of the Metropolitan Museum of Art earlier this month to discuss whether relics in the famed museum’s collection had been stolen from ancient sites in Cambodia.

“Museum officials said that ‘new information’ about some pieces in their collection spurred them to reach out to officials in the Southern District of New York. They declined to describe what facts precipitated the meeting, which occurred about two weeks ago.”
Read more from The Washington Post and ICIJ


Friday, Oct. 22, 2021

ICIJ

Another President Under Investigation, U.S. Condemned as Tax Haven by European Parliament as Pandora Papers Fallout Continues

“Earlier this week, members of the European Parliament in Brussels submitted a resolution that, for the first time, condemned the U.S. states of South Dakota, Alaska, Wyoming, Delaware and Nevada as hubs ‘for financial and corporate secrecy.’

“The parliamentarians, drawn from multiple political parties, called on the European Union to consider adding the United States to its list of tax havens, joining countries like Panama, Fiji and Samoa.”
Read more

The Washington Post

Ecuador’s President Faces Tax Investigation after Pandora Papers

“Ecuador’s attorney general is investigating President Guillermo Lasso after an opposition politician filed allegations of tax fraud against the president on the basis of the Pandora Papers.

“There was no immediate comment from Lasso, who has said his tax record is clean. He did not show up to testify this week before the legislature, which has launched a separate probe into his offshore finances in light of the revelations.”
Read more


Sunday, Oct. 17, 2021

ICIJ & The Washington Post

The Denver Art Museum to Return Four Artifacts to Cambodia After Pandora Papers Investigation Coverage of Indicted Art Dealer

“The Denver Art Museum is preparing to return four antiquities to Cambodia following a news media collaboration that reported the pieces are linked to a man charged with trafficking looted artifacts.

“The four antiquities to be returned came to the museum through Douglas Latchford, who in 2019 was indicted by U.S. prosecutors after decades of alleged trafficking in looted artifacts from the Khmer empire, which flourished in Southeast Asia a thousand years ago.”
Read more from ICIJ and The Washington Post


Thursday, Oct. 14, 2021

The Washington Post

Biden Discusses ‘Transparency’ with Kenya President

“President Joe Biden and Kenyan President Uhuru Kenyatta discussed financial transparency during their White House meeting Thursday, as the East African leader faces scrutiny over revelations that he and his family stashed millions of dollars in hidden offshore accounts.

“Kenyatta is one of more than 330 current and former politicians identified as beneficiaries of secret accounts revealed in recent reports known as the Pandora Papers. … Kenyatta has denied wrongdoing.”
Read more

The Washington Post

Chilean Lawmakers Move to Impeach President Over Revelations in Pandora Papers Leaks

“Chile’s opposition this week moved to impeach President Sebastián Piñera after revelations included in the Pandora Papers shed new light on his family’s business dealings.

“Piñera, a billionaire businessman now serving his second term as president, has denied allegations of financial impropriety.

“Lawmakers have homed in on documents detailing the 2010 sale of a mining company owned in part by Piñera’s children. The company, Dominga, was sold for $138 million to an offshore firm controlled by the president’s close friend, Chilean businessman Carlos Alberto Délano.”
Read more


Tuesday, Oct. 12, 2021

BBC

Chile’s Sebastián Piñera Faces Impeachment Bid after Pandora Papers

“After the revelations, the Chilean presidency said President Piñera, a billionaire businessman, had no role in, or information about, the sale of the mining project, and that he had not been involved in the management of any company for more than 12 years.

“The president himself has rejected any irregularities, saying the details of the deal were examined in a judicial investigation in 2017 that cleared him of wrongdoing.

“But last week, Chile’s public prosecutor’s office said it would investigate the allegations against the president.”
Read more

ICIJ

Political and Business Links to Pandora Papers Roil Parliaments, Anti-Corruption and Tax Authorities as Global Fallout Swells

“The offshore links of presidents Guillermo Lasso of Ecuador and Volodymyr Zelenskyy of Ukraine will be officially scrutinized, while Kenyan President Uhuru Kenyatta is due to discuss financial transparency with U.S. President Joe Biden.”
Read more


Saturday, Oct. 9, 2021

The Washington Post

After Election Win, Czech Opposition Seeks to Oust Prime Minister Hit by Pandora Papers Disclosures

“The two opposition alliances opposed to Czech Prime Minister Andrej Babis won a parliamentary majority Saturday, raising the possibility that Babis may be forced from office after an election shaken by financial disclosures in the Pandora Papers.

“In a surprise surge, the center-right opposition alliance was narrowly ahead of the party led by Babis, a billionaire tycoon and ally of Hungary’s far-right leader Viktor Orban. A separate opposition bloc took parliament seats and would push the anti-Babis factions into the majority.”
Read more

The Washington Post

Pandora Papers: Leaks Prompt Investigations in Some Countries — and Denial in Others

“Days after The Washington Post and partner news outlets published a series of stories based on the Pandora Papers, a trove of more than 11.9 million documents exposing the secretive financial dealings of the world’s elite, more than eight countries have promised investigations.

“But not all of them have been as eager to look into the findings. Some governments whose nationals and politicians feature prominently in the records have instead gone the other way, doubling down on the denials, dismissing the revelations or ignoring them altogether.”
Read more

The Washington Post

Bitter Sugar

“In South Dakota, shares of a Dominican sugar company are being sheltered, part of a $14 million portfolio connected to family members of its onetime president. …

“This company — Central Romana — produces the sugar that Americans put in their coffee every morning and use to bake their birthday cakes.

“For years, Central Romana and other sugar producers in the Dominican Republic have faced allegations that they pay their workers substandard wages and force them to work in unsafe conditions. The company has denied mistreating its workers.”
Read more


Friday, Oct. 8, 2021

ICIJ

136 Countries Agree to Global Minimum Tax for Corporations in ‘Historic’ OECD Deal

“More than 130 countries have signed on to a deal that would tax multinationals at a minimum rate of 15% in a bid to clamp down on profit shifting and aggressive tax avoidance by some of the world’s biggest multinational companies.

“The agreement, pushed by the United States and co-ordinated by the Organization for Economic Cooperation and Development, would also require companies to pay taxes in the countries where they do business.

“Civil society groups have slammed the deal, decrying what they say are its many loopholes and accusing the international community of pandering to tax havens and corporate giants.”
Read more

ICIJ

Chilean President Sebastián Piñera to Be Criminally Investigated Due to Pandora Papers Revelations

“Chile’s national prosecutor’s office announced Friday that it would open a criminal investigation against President Sebastián Piñera following revelations concerning his business affairs in the Pandora Papers.

“Investigators said the probe would focus on the 2010 sale by the Piñera family of a stake in a Chilean mining project and, depending upon the findings, could lead to bribery and tax-related charges. …

“Earlier this week, Piñera said in a press conference that the information revealed in the leak had been investigated by the prosecutor’s office in 2017 and that he has been disconnected from his family’s businesses for more than 12 years.”
Read more

The Guardian

U.S. Proposes Crackdown on Financial ‘Enablers’ in Wake of Pandora Papers

“The Pandora Papers show how a handful of U.S. states, led by South Dakota, are now providing growing competition for more traditional tax havens such as the Bahamas, the Cayman Islands and Switzerland.

“An analysis of the leak by the International Consortium of Investigative Journalists (ICIJ) and The Washington Post showed that nearly 30 trusts had been established in South Dakota holding assets connected to people or companies accused of corruption, human rights abuses or other wrongdoing.

“Following a series of deregulations, South Dakota’s trusts enjoy some of the world’s most powerful legal protections from taxes, creditors and other claimants in the world, and hold $367 billion (£273 billion) in assets, up from $75.5 billion (£55.36 billion) in 2011.”
Read more


Thursday, Oct. 7, 2021

ICIJ

U.S. Lawmakers Call for Crackdown on Financial ‘Enablers’ after Pandora Papers

“The proposed law, known as the Enablers Act, would amend the 51-year-old Bank Secrecy Act by requiring the Treasury Department to create basic due diligence rules for American gatekeepers who facilitate the flow of foreign assets into the United States. …

“The proposed legislation, experts say, represents the most significant reform of anti-money laundering rules since 9/11.”
Read more


Wednesday, Oct. 6, 2021

ICIJ

Lawmakers and Regulators Around the World Take Action in the Wake of Pandora Papers

“U.S. lawmakers are set to respond to the Pandora Papers with landmark legislation that would crack down on professional enablers who move dirty money for corrupt clients.

“The bipartisan measure would require a broad array of middlemen — including lawyers, accountants, real estate professionals, trust administrators, art dealers, financial advisers and public relations professionals — to ensure they aren’t laundering black market income.”
Read more

Miami Herald

Panama Papers Put One Company Out of Business. The Rich and Powerful Weren’t Deterred.

“The Panama Papers blew open the hidden world of offshore finance and took down several world leaders. As a result of the massive leak of corporate records, multiple governments, including the United States, pledged greater oversight of the world of shell companies.

“The stories also signaled the end of Mossack Fonseca, the Panamanian law firm whose records were published in the Miami Herald and other news outlets. But for many other offshore service providers, it was an opportunity to harvest more business. One of them was Trident Trust, which has offices around the world, including in Miami and New York.

“Hundreds of Mossack Fonseca’s clients in the British Virgin Islands (BVI), a popular offshore haven, scrambled to move their companies to Trident, even before Mossack was shut down, according to a Miami Herald analysis of newly leaked corporate documents.”
Read more

The Washington Post

Secret Trove Illuminates the Lives of Billionaires

“While billionaires constitute a tiny portion of humanity, more than 130 of them who have appeared on the Forbes list of world billionaires turn up as owners or beneficiaries of offshore assets. At least a dozen additional people ranked as billionaires by other media show up as well.

“The documents come from the firms that helped these billionaires set up the offshore companies, and collectively, they offer glimpses of exceptionally wealthy people, their yachts and jets, their inheritance planning and the other ways companies created in tax or secrecy havens benefit them.”
Read more

The Guardian

Queen’s Lawyers Acted for Politician Now Accused by U.S. Prosecutors

“Throughout her reign, the Queen has been advised by Farrer & Co, an elite London firm with a long history of representing members of the royal family and aristocracy.

“The firm that has remained by the Queen’s side since her coronation is now under a spotlight, thanks to the Pandora Papers.

“There is no suggestion of wrongdoing. The documents do not show rules were broken. They do, however, show that one of its clients has been Abubakar Bagudu.

“Bagudu is a Nigerian politician who the U.S. Department of Justice (DOJ) has accused of playing an ‘instrumental role’ in a notorious corruption scheme through which billions of dollars were looted from the west African nation.”
Read more


Tuesday, Oct. 5, 2021

ICIJ

Pandora Papers Sparks More International Calls for Investigation as Pressure Mounts on Leaders in Leaked Records

“Politicians and leaders whose secret dealings are revealed in the Pandora Papers are facing increasing criticism and scrutiny, and more governments around the world are pledging investigations in the wake of the biggest-ever offshore leak.

“Since Sunday, when the International Consortium of Investigative Journalists and other media partners began releasing the first stories, enforcement agencies or leaders in India, Spain, Pakistan, Ireland, Mexico, Germany, Pakistan, Bulgaria, Australia, Brazil, Sri Lanka, Paraguay and Panama have vowed to take action.”
Read more

ICIJ

As a Poisoned Town Sought Justice, Top Chemical Giant Executive Moved Millions to Tax Havens

“Italian prosecutors eventually brought criminal charges against more than two dozen people, including Solvay executives and the plant’s former owner, accusing them of intentionally poisoning the groundwater and failing to clean up the site.

“Among those charged: de Laguiche, a member of Solvay’s founding family. He had promoted the purchase of the struggling plant and others in Europe and the U.S. that used fluorinated compounds, intending for Solvay to compete globally with industry leader DuPont and its famed Teflon product. The plant acquisitions had been a success for his company.

“Shortly before the charges were filed, and again soon after, de Laguiche and his immediate family moved assets worth more than $50 million into trusts in Singapore and New Zealand with the help of a prominent offshore service provider and Swiss advisors, confidential records show.”
Read more

The Guardian

EU Tax Haven Blacklist Trim ‘Grotesque’ After Pandora Papers, Say Critics

“EU finance ministers have removed Anguilla, Dominica and Seychelles from the bloc’s blacklist of tax havens, ignoring critics in the European parliament who described the move as wrong and ‘grotesque’ after the Pandora Papers revelations.

“Meeting in Luxembourg on Tuesday, the bloc’s 27 finance ministers approved a decision to remove the three jurisdictions, saying that while they ‘do not yet comply with all international tax standards,’ they ‘have committed to implementing tax good-governance principles.’”
Read more

ICIJ

As Catholic Order Fought Sex Abuse Claims, Secret Trusts Devoted to It Poured Millions into American Rental Properties

“Tenants across the country have faced aggressive tactics — including evictions during the pandemic — from a growing number of massive corporate landlords that draw on pools of money from wealthy investors around the world.

“A trove of leaked documents reviewed by the International Consortium of Investigative Journalists and 150 media partners provide an unprecedented view of global financial maneuvers that turn rent payments into big profits that are often hidden in accounts owned by shell companies controlled by anonymous investors.

“The investors revealed in the leaked documents include offshore trusts holding hundreds of millions of dollars for the Legion of Christ, a wealthy Roman Catholic order disgraced by an international pedophilia scandal.”
Read more

ICIJ & The Washington Post

From Temples to Offshore Trusts, a Hunt for Cambodia’s Looted Heritage Leads to Top Museums

“Yet while Latchford professed reverence for Khmer achievements, he was also trafficking in and profiting from antiquities pillaged from that civilization’s sacred temples, according to U.S. prosecutors, part of a decades-long ransacking of Cambodian sites that ranks as one of the most devastating cultural thefts of the 20th century.

“When the United States indicted Latchford in 2019, it seemed at last that hundreds of stolen items he had traded might be identified and returned: Prosecutors demanded the forfeiture of ‘any and all property’ derived from his illicit trade over four decades. But then the 88-year-old Latchford died before trial, leaving unresolved a tantalizing question: What happened to all the money and looted treasures?

“The answer lies, at least in part, in previously undisclosed records describing secret offshore companies and trusts that Latchford and his family controlled.”
Read more from ICIJ and The Washington Post


Monday, Oct. 4, 2021

The Washington Post

White House: Biden Will Continue to Press for Financial Transparency in Wake of Pandora Papers

“In the wake of the Pandora Paper revelations, White House press secretary Jen Psaki on Monday highlighted President Biden’s efforts to improve the U.S. tax system, saying he supports additional measures to make the global financial system more transparent.

“‘Broadly speaking, the president is committed to bringing additional transparency to the U.S. and international financial systems, and you can see that in policies he has proposed and supported,’ Psaki said at a news conference.

“The president ‘has been clear he wants to make the tax system more fair, wants to crack down on people who are not paying their fair share, whether those are individuals or businesses,’ she said.”
Read more

ICIJ

5 Ways Celebrities in the Pandora Papers Use the Offshore System

“Shakira did it. So did Ringo Starr, Claudia Schiffer, Julio Iglesias and cricket legend Sachin Tendulkar.

“They have all set up companies ‘offshore,’ in places like the British Virgin Islands (BVI), where tax rates are low or zero and where their businesses — and their identities — are hidden from the public.

“And they’re among the celebrities, politicians and billionaires named in a trove of leaked files obtained by the International Consortium of Investigative Journalists.”
Read more

The Guardian

Tax Avoidance Revelations Prompt Outraged Denials

“The Biden administration said it would ‘crack down on the unfair schemes that give big corporations a leg up’ in the wake of the Pandora disclosures. ‘It’s time to deal in hardworking Americans and ensure the super-wealthy pay their fair share,’ the White House said in a tweet.

“In Moscow, the Kremlin insisted there was nothing to see, despite the fact that several of Vladimir Putin’s friends and associates – including an alleged former lover – appeared in the data. Dmitry Peskov, Putin’s spokesperson, said the leak was made up of ‘unsubstantiated claims.’
Read more

BBC

World Leaders Deny Wrongdoing After Leaks

“Russian President Vladimir Putin and Jordan’s King Abdullah II bin Al-Hussein are among some 35 current and former leaders linked to the files.

“Both have issued statements saying they have done nothing wrong.’”
Read more

Miami Herald

A Mega Wealthy Man From the Region’s Poorest Country — and His Miami Palace

“Along with his 48-year-old son Reuven, Gilbert Bigio controls the GB Group he founded in 1972. The conglomerate’s reach extends to the entire Haitian economy, from providing construction supplies and fuel to offering household necessities like cooking oil and food. He has branched out as well into the Dominican side of Hispaniola. …

“Much of what is bought, sold or consumed in Haiti is likely to touch some corner of the Bigio empire.”
Read more

The Guardian

Almost a Million Bibles of Data: The Pandora Papers in Numbers

“The sheer size of the project is hard to fathom: 11.9m files making up 2.94 terabytes of data, making it the largest such project handled by the International Consortium of Investigative Journalists (ICIJ), with whom the Guardian partnered, by volume.

“To put this into context, if you were to download the combined Wolf Hall trilogy by Hilary Mantel you would use up 6.8MB on your Kindle: 2.94TB is more than 400,000 times that. It is 220,000 times the storage required for Shakespeare’s complete works and 990,000 times bigger than the storage capacity required for the Bible.

“Put another way, this volume of data would allow you to stream Netflix in high definition 24/7 for 41 days running.”
Read more

The Guardian

Boris Johnson Under Pressure to Return Tory Donor’s Cash After Pandora Papers Claims

“Boris Johnson has come under pressure to return cash from the Conservative party donor Mohamed Amersi, after the businessman was revealed to have advised on the structure of a deal that was later found to be a $220m (£162m) bribe for the daughter of the then president of Uzbekistan.

“The prime minister said all donations to the party were ‘vetted’ but declined to comment on the specific allegations about Amersi, revealed by the Guardian, BBC and other media outlets as part of the Pandora Papers offshore leak investigation.”
Read more

ICIJ

Governments Vow Investigations Within Hours of Pandora Papers Revelations

“Government authorities in at least eight countries have announced investigations into the financial activities of some of their most high-profile citizens and institutions as the world begins to react to the Pandora Papers, a globe-spanning investigation of offshore secrecy led by the International Consortium of Investigative Journalists.

“On Sunday, Oct. 3, ICIJ and its media partners released a flood of investigative stories about offshore financial subterfuges. ‘Pandora Papers’ soon became the No. 2 trending topic worldwide on Twitter.

“Officials in Pakistan, Mexico, Spain, Brazil, Sri Lanka, Australia and Panama quickly promised inquiries while global watchdog groups demanded action in the wake of stories revealing how billionaires, politicians and criminals exploit a shadow financial system that covers up tax dodging and money laundering.”
Read more

ICIJ

How America’s Biggest Law Firm Drives Global Wealth Into Tax Havens

“Leaked documents reveal that the law firm helped arrange shell companies in Cyprus for food and tobacco giant RJR Nabisco. For Nike, it helped set up a Dutch tax shelter. According to a U.S. government court brief, its lawyers helped Facebook route billions of dollars in profits to low-tax Ireland.

“In a series of written statements to ICIJ, Baker McKenzie said it seeks to provide the best legal and tax advice to help its clients navigate a ‘highly complex, ever evolving and often conflicting’ set of global rules.”
Read more

The Washington Post

How U.S. Sanctions Take a Hidden Toll on Russian Oligarchs

“Over the past seven years, the United States and Europe have imposed sanctions on more than 800 Russian individuals and entities for alleged ‘malign’ behavior including Russia’s annexation of Crimea, armed incursions into Ukraine, attempted assassinations of political dissidents, cyberattacks on Western institutions and disruptions of U.S. elections.

“The Pandora files show sanctions not only hitting their Russian targets but then triggering losses that spread across their interconnected financial networks.”
Read more

ICIJ & The Washington Post

Rogue Americans Stashed Assets Offshore, Eluding Victims and Impeding Investigators

“Robert Durst, convicted last month for the execution-style murder of a close friend in 2000, was a client. So was a mob accomplice; a dentist charged with defrauding Medicaid; a producer of adulterated drugs; and the founder of a cruise company accused of negligence by the families of 31 sailors who drowned during a hurricane.

“All were identified by The Washington Post and the International Consortium of Investigative Journalists (ICIJ) through one of the largest-ever troves of secret financial documents, known as the Pandora Papers.

“The documents expose how a prolific offshore operator in Belize accepted and served suspect American clients by setting up trusts and shell companies. The records also underscore the challenges faced by government investigators probing cases of fraud, tax evasion and corruption and the struggles of victims trying to find and claim money.”
Read more from ICIJ and The Washington Post

The Washington Post

Key Findings From the Pandora Papers Investigation

“The Pandora Papers is an investigation based on more than 11.9 million documents revealing the flows of money, property and other assets concealed in the offshore financial system. The Washington Post and other news organizations exposed the involvement of political leaders, examined the growth of the industry within the United States and demonstrated how secrecy shields assets from governments, creditors and those abused or exploited by the wealthy and powerful. The trove of confidential information, the largest of its kind, was obtained by the International Consortium of Investigative Journalists, which organized the investigation.

“Here are the key takeaways.”
Read more

ICIJ & The Washington Post

Foreign Money Secretly Floods U.S. Tax Havens. Some of It Is Tainted.

“The U.S. government has long condemned prominent offshore financial centers, where liberal rules and guarantees of discretion have drawn oligarchs, business tycoons and politicians.

“But a burgeoning American trust industry is increasingly sheltering the assets of international millionaires and billionaires by promising levels of protection and secrecy that rival or surpass those offered in overseas tax havens. That shield, which is near-absolute, has insulated the industry from meaningful oversight and allowed it to forge new footholds in U.S. states. …

“The investigation identified 206 U.S.-based trusts, linked to 41 countries, holding combined assets worth more than $1 billion. Nearly 30 of the trusts held assets connected to people or companies accused of fraud, bribery or human rights abuses in some of the world’s most vulnerable communities.”
Read more from ICIJ and The Washington Post


Sunday, Oct. 3, 2021

The Guardian

What the Offshore Service Providers Say

“Below are responses, some of them edited, received from three offshore services providers – Alcogal, Asiaciti Trust and Fidelity – whose information appears in the Pandora papers, and who were invited by the Guardian to comment on their activities and those of their clients.”
Read more

The Washington Post

FAQ: The World of Secret Money

“The Pandora Papers is an investigation based on more than 11.9 million documents revealing the flows of money, property and other assets concealed in the offshore financial system.

“The Washington Post and other news organizations exposed the involvement of political leaders, examined the growth of the industry within the United States and demonstrated how secrecy shields assets from governments, creditors and those abused or exploited by the wealthy and powerful. The trove of confidential information, the largest of its kind, was obtained by the International Consortium of Investigative Journalists, which organized the investigation.

“Here are some key questions and answers.”
Read more

ICIJ

Czech Prime Minister Secretly Bought Lavish French Riviera Estate Using Offshore Companies

“Known as a populist who rails against elites and the establishment, the billionaire politician has advertised himself as a business manager eager to fix the country’s economy, and to increase government transparency and tax revenues. And he has dismissed allegations that he himself has been involved in fraud and tax evasion.

“Now a leak of confidential documents shows that the self-styled man of the people has been involved in the kind of sleight-of-hand financial dealings that he accuses other members of the elites of engaging in. Records obtained by the International Consortium of Investigative Journalists reveal that Babis moved $22 million through offshore companies to buy a lavish estate on the French Riviera in 2009 while keeping his ownership secret.”
Read more

The Guardian

Revealed: ‘Anti-Oligarch’ Ukrainian President’s Offshore Connections

“On the campaign trail, Zelenskiy pledged to clean up Ukraine’s oligarch-dominated ruling system. And he railed against politicians such as the wealthy incumbent Petro Poroshenko who hid their assets offshore. …

“The Pandora papers, leaked to the International Consortium of Investigative Journalists (ICIJ) and shared with the Guardian as part of a global investigation, however, suggest Zelenskiy is rather similar to his predecessors. …

“Zelenskiy has not commented on the claim despite extensive attempts by the Guardian and its media partners to reach him. His spokesperson Sergiy Nikiforov messaged: ‘Won’t be an answer.’”
Read more

ICIJ

As Kenyan President Mounted Anti-Corruption Comeback, His Family’s Secret Fortune Expanded Offshore

“At his annual State of the Nation address last fall, President Uhuru Kenyatta mounted the podium at Kenya’s Parliament to acknowledge that too many Kenyans live in poverty and too many officials loot the country’s public resources. …

“But a massive cache of newly leaked documents show that Kenyatta’s family has for years been secretly accumulating a personal fortune behind offshore corporate veils.”
Read more

ICIJ

Prime Minister Imran Khan Promised ‘New Pakistan’ but Members of His Inner Circle Secretly Moved Millions Offshore

“Now leaked documents reveal that key members of Khan’s inner circle, including cabinet ministers, their families and major financial backers, have secretly owned an array of companies and trusts holding millions of dollars of hidden wealth. Military leaders have been implicated as well. The documents contain no suggestion that Khan himself owns offshore companies.”
Read more

The Guardian

Tony and Cherie Blair Bought Property via Offshore Firm and Saved £300,000 in Tax

“Tony and Cherie Blair saved hundreds of thousands of pounds in property taxes when acquiring a London office building from an offshore company partially owned by a prominent Bahraini minister.

“The former British prime minister and his wife became the owners of a £6.5m office building in 2017 by acquiring a British Virgin Islands (BVI) company controlled by the family of HE Zayed bin Rashid Alzayani, the constitutional monarchy’s current minister for industry, commerce and tourism.

“The deal is revealed in the Pandora papers, a trove of leaked offshore documents. They reveal Alzayani as the secret shareholder of another offshore firm that has spent more than £60m buying UK commercial property over the past nine years, including the Marylebone address sold to the Blairs.”
Read more

The Guardian

Crown Estate Bought £67M London Property From Family of Azerbaijan Ruler

“The Queen’s crown estate has launched an internal review over a £67m London property it appears to have bought from Azerbaijan’s multimillionaire ruling family – which has repeatedly been accused of corruption.

“Details of the purchase are contained in the Pandora papers, which reveal how a network of offshore companies linked to the family and associates of the Azerbaijani president, Ilham Aliyev, has traded close to £400m of UK property over the past 15 years.”
Read more

The Washington Post

Secret Money, Swanky Real Estate and a Monte Carlo Mystery

“There is little about the humble background of Svetlana Krivonogikh to indicate that she had the means to acquire property overlooking this playground for the world’s elite. The Russian woman reportedly grew up in a crowded communal apartment in St. Petersburg, and held jobs that included cleaning a neighborhood shop.

“But previously undisclosed financial records combined with local tax documents show that Krivonogikh, 46, became the owner of the apartment in Monaco through an offshore company created just weeks after she gave birth to a girl. The child was born at a time when, according to a Russian media report last year, she was in a secret, years-long relationship with Russian President Vladimir Putin.”
Read more

The Washington Post

Billions Hidden Beyond Reach

“A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and — in 14 cases involving current country leaders — citizens around the world. …

“Other disclosures hit closer to home for U.S. officials and other Western leaders who frequently condemn smaller countries whose permissive banking systems have been exploited for decades by looters of assets and launderers of dirty money. …

“The files provide substantial new evidence, for example, that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing.”
Read more

ICIJ

When Latin America’s Elite Wanted to Hide Their Wealth, They Turned to This Panama Firm

“Over the past three decades, Alcogal has become a magnet for the rich and powerful from Latin America and beyond seeking to hide wealth offshore, a massive new leak of corporate records obtained by the International Consortium of Investigative Journalists shows. The records are known as the Pandora Papers.

“The firm acted as corporate middleman for more than 160 politicians and public officials, the records show. Its client roster has included Panamanian presidents, a leading presidential contender in next month’s Honduran election, the president of Ecuador and even the king of Jordan.

“All told, nearly half of the politicians whose names appear in the leaked records were tied to Alcogal.”
Read more

The Washington Post

While His Country Struggles, Jordan’s King Abdullah Secretly Splurges

“While billions of dollars in American aid poured into Jordan over the past decade, a secret stream of money was flowing in the opposite direction as the country’s ruler, King Abdullah II, spent millions on extravagant homes in the United States.

“Using an extensive network of offshore accounts that disguised his transactions, Abdullah purchased lavish properties on both coasts with funds whose origin remains unclear, according to a trove of financial documents obtained by the International Consortium of Investigative Journalists (ICIJ) and reviewed by The Washington Post.”
Read more

ICIJ

Secrecy Brokers

“Learn more about the 14 offshore firms at the heart of the Pandora Papers investigation.”
Read more

ICIJ

Power Players

“The Pandora Papers reveal how 35 current and former world leaders and other powerful political figures, as well as their closest associates and immediate family members, use secrecy jurisdictions around the world. …

“Explore the biggest political names uncovered in the data.”
Read more

ICIJ

Pandora Papers: An Offshore Data Tsunami

“A 2.94 terabyte data trove exposes the offshore secrets of wealthy elites from more than 200 countries and territories. These are people who use tax and secrecy havens to buy property and hide assets; many avoid taxes and worse. They include more than 330 politicians and 130 Forbes billionaires, as well as celebrities, fraudsters, drug dealers, royal family members and leaders of religious groups around the world.”
Read more

ICIJ

Offshore Havens and Hidden Riches of World Leaders and Billionaires Exposed in Unprecedented Leak

“Millions of leaked documents and the biggest journalism partnership in history have uncovered financial secrets of 35 current and former world leaders, more than 330 politicians and public officials in 91 countries and territories, and a global lineup of fugitives, con artists and murderers.

“The secret documents expose offshore dealings of the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the prime minister of the Czech Republic and former British Prime Minister Tony Blair. The files also detail financial activities of Russian President Vladimir Putin’s “unofficial minister of propaganda” and more than 130 billionaires from Russia, the United States, Turkey and other nations.”
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