Hundreds of world leaders, politicians, billionaires and celebrities have used secret offshore bank accounts and shell companies to hide billions of dollars from tax officials in their countries, according to documents uncovered by the “Pandora Papers”. Investigation carried out by 150 media outlets in 117 countries, a finding that became known as the “Panama Papers” after a similar 2016 investigation. Here is a list of global leaders who have been named in the “Pandora Papers”:
NS Investigation It was reportedly found that the advisers helped Jordan’s King Abdullah II set up at least three dozen shell companies between 1995 and 2017—buying the Middle Eastern monarch to buy 14 homes in the US and UK worth more than $106 million. enabled. -Brother, former Crown Prince Hamza accused the “ruling system” of corruption and incompetence. Hamza is currently under house arrest.
According to the investigation, former British Prime Minister Tony Blair and his wife Cherie Blair avoided paying property taxes on the $8.8 million London office building they acquired in 2017 by buying shares in a British Virgin Islands company that owned was property. The company was owned by the family of Zayed bin Rashid Alzayani, the current Minister of Industry and Tourism of Bahrain.
The investigation found that Czech Prime Minister Lady Babi allegedly used shell companies to purchase a $22 million property in a mountainous village near Cannes, France. The revelation comes just days before the billionaire politician – who has projected himself as a populist rival to Europe’s elite – faced a national parliamentary election.
The investigation has named several members of Pakistan Prime Minister Imran Khan’s cabinet and inner circle, who have allegedly hidden assets worth millions of dollars in an array of offshore companies and trusts. The revelation could come as a major embarrassment to Khan, who had campaigned for the post as head of a reformist party leaning on a strong anti-corruption agenda.
The uncovered documents also show that in recent years Azerbaijan’s ruling Aliyev family had traded around $540 million worth of Britain’s wealth, with about $91 million worth of London assets being sold to the Queen’s crown estate. The British monarch’s estate is now under investigation into how he paid that sum to a company that served as a front for the Aliyev family, which was regularly accused of corruption.
While many alleged shell companies and offshore accounts are located in places such as the British Virgin Islands, Seychelles, Hong Kong and Belize, Washington PostOne of the papers involved in the investigation-famous That the most “disturbing revelations for the United States” centered around the involvement of some US states in the offshore economy. NS Post Note that South Dakota, Nevada and others have adopted financial privacy laws that rival those of many notorious tax-havens. The papers show that a former vice president of the Dominican Republic finalized several trusts in South Dakota to store his personal assets and shares of one of the country’s largest sugar producers.