The secret wealth and dealings of the world’s elite have been exposed in what is being described as one of the world’s biggest financial data leaks to date
35 current and former leaders from a variety of nations, as well as over 300 public officials are included in the files from numerous offshore companies, which are being called the Pandora Papers.
Key revelations include the King of Jordan secretly acquired 70 million pounds worth of property throughout the US and UK.
What type of individuals have been exposed?
Meanwhile, Britain’s former Prime Minister Tony Blair saved over 300-thousand pounds in stamp duty after purchasing a London office.
The almost 12 million files detail how companies hired wealthy clients to create offshore accounts to save money in tax havens including Panama, Dubai, Monaco, Switzerland, and the Cayman Islands.
More than 100 billionaires featured in the leak, alongside celebrities, rock stars and business leaders.
Meanwhile, the International Consortium of Investigative Journalists, which organised the investigation says the people featured in the Pandora Papers are often using offshore accounts “to enrich their own families, at the expense of their citizens”.
This leak is the latest in a string of similar events, including the FinCen Files, the Paradise Papers, the Panama Papers and LuxLeaks.
