WORLD HIDDEN RICHIES EXPOSED....TITLED: PANDORA PAPER
By The Cry Of Faith
5th October, 2021
More than 330 politicians, 35 world leaders and over 300 billionaires have had their “hidden riches†and financial secrets exposed in what is now the largest leak of documents exposing offshore tax haven secrecy.
Dubbed the '#PandoraPapers', the huge data leak involves 11.9 million confidential files that expose the secret offshore banking affairs of the rich and powerful that are typically kept well hidden from the public eye.
The huge trove exposes how the world’s wealthiest are able to shift their finances abroad to tax havens like Panama, Switzerland, Dubai, Monaco and the Cayman Islands, and pay little tax as a result.
The files, sent to the International Consortium of Journalists (ICIJ), were then shared with 150 global media organisations.
The Pandora Papers investigation was performed by the same group that reported on similar leaks the Panama Papers (2016) and the Paradise Papers (2017). 2.94 terabytes – makes the Pandora Papers the largest leak of its kind in history.
The Panama Papers triggered police raids as well as new laws in several countries.
This new set of papers involve information from 14 offshore providers that are based all around the world.
The leaked documents shed light on several heads of state, including former UK Prime Minister Tony Blair, as well as the presidents of Ukraine, Kenya, Ecuador, the Prime Minister of the Czech Republic and the King of Jordan.
Close friends and members of Russian President Vladimir Putin have also been named in the documents.
Taiwanese-Canadian billionaire Joseph Tsai’s name also came up.
Tsai is Canada’s second-wealthiest person, and Alibaba’s second-largest shareholder. He’s also considered the right-hand man of eCommerce giant co-founder Jack Ma.
Singer Shakira and model Claudia Schiffer have also been linked to offshore assets exposed by the documents.
Software company Reynolds & Reynolds’ former CEO Robert Brockman has also been named.
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