Hundreds of world leaders, powerful politicians, millionaires, celebrities, religious leaders, and drug dealers have mansions and luxury beaches over the past quarter century, according to a review of about 12 million files obtained. We have hidden investments in front desk real estate, yachts and other assets. From 14 different companies around the world.
The report, released Sunday by the International Consortium of Research Journalists, included 600 journalists from 150 media in 117 countries. The findings shed light on previously hidden elite and corrupt transactions, and how they used offshore accounts to protect assets worth trillions of dollars in total, hence the name “Pandora Paper.” I am.
More than 330 current and former politicians identified as secret account beneficiaries include King Abdullah II of Jordan, former British Prime Minister Tony Blair, Czech Prime Minister Andrei Babish, and President Uhuru Kenyatta of Kenya. Includes Ecuadorian President Guiller Morasso, and both former associates. Pakistani Prime Minister Imran Khan and Russian President Vladimir Putin.
The millionaires pointed out in the report include Turkish construction tycoon Erman Ilicak and former CEO of software maker Reynolds & Reynolds Robert T. Brockman.
According to the report, many of the accounts were designed to evade taxes and hide their assets for other dubious reasons.
Sven Giegold, a member of the Greens of the European Parliament, said: “Global tax evasion fosters global inequality. Now we need to expand and sharpen our measures.”
Pandora Papers is a sequel to a similar project released in 2016 called “Panama Papers” edited by the same journalism group.
The latest bombs are even more extensive, porting approximately 3 terabytes of data (equivalent to approximately 750,000 photos on smartphones) from 14 different service providers operating in 38 different jurisdictions around the world. Records date back to the 1970s, but most files range from 1996 to 2020.
In contrast, the Panama Papers screened 2.6 terabytes of data leaked by a now abandoned law firm called Mossack Fonseca in the country that influenced the project’s nickname.
The latest survey looked at accounts registered in familiar offshore shelters such as the British Virgin Islands, Seychelles, Hong Kong and Belize. However, some secret accounts, including 81 in South Dakota and 37 in Florida, were also scattered in trusts established in the United States.
Some of the first findings released on Sunday painted stupid pictures of prominent people involved.
For example, according to a study, advisors found that King Abdullah II of Jordan established at least three dozen shell companies between 1995 and 2017, and that the monarch was worth more than $ 106 million in 14 homes in the United States. The British Virgin Islands were $ 23 million in the California Sea, helping to buy. -Show properties purchased through a British Virgin Islands company in 2017. The adviser was identified as a British accountant in Switzerland and a lawyer in the British Virgin Islands.
According to the report, Abdullah’s UK lawyer said he did not have to pay taxes under his own law and did not abuse public funds, and holding through an offshore company was of security and privacy. He added that there was a reason. The lawyer also refused to provide details, but said most companies and property had nothing to do with the king or no longer existed.
Blair, the British Prime Minister from 1997 to 2007, acquired a company in the British Virgin Islands in 2017 and became the owner of a $ 8.8 million Victorian building. Today, the building houses the law firm of his wife, Cherie Blair. Research. The two acquired the company from Bahrain’s Minister of Industry and Tourism’s family, Zayed bin Rashid al-Zayani. Research shows that Blair saved more than $ 400,000 in property taxes by buying company stock instead of buildings.
Both Blairs and Alzayanis said they were initially unaware that the other party was involved in the transaction, the investigation found. Cherie Blair said her husband was not involved in the deal and said she intended to “return the company and building to the UK tax and regulatory system.” Alzayanis lawyer said he was in compliance with English law.
In 2009, Czech Prime Minister Andrej Babiš invested $ 22 million in a shell company to buy real estate in a chateau in a hilltop village in Mougins, France, near Cannes. According to a document obtained by Investigace.cz, a Czech partner of the journalism group, the shell company and the chateau were not disclosed in Bubbis’s required asset declaration.
According to a survey, a real estate group indirectly owned by Bubbis acquired the company of Monaco, which owns the chateau, in 2018.
“I was waiting for them to bring something just before the election and hurt me and influence the Czech election,” Bavis tweeted in his first reaction to the report.
Czech parliamentary elections are held on Friday and Saturday.
“I have never done anything illegal or wrong,” added Bavis.
Liedtke was reported by San Ramon, CA, and Mattise was reported by Nashville, Tennessee.
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The leaked record opens the financial secret “Pandora” box | WGN Radio 720
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