Pandora Paper unveils the secret assets of renowned faces all around the world. Some of the famous names in the Pandora Papers include, Shakira, Elton John, Ringo Star, Anil Ambani, British Prime Minister Tony Blair, King Abdullah of Jordan, Sachin Tendulkar and many more familiar personalities.
These papers name the world’s richest and dominant people exposing:
- 35 world leaders including, prime ministers, former presidents, head states, etc.
- Public Officials including judges, mayors, military generals, etc.
- Celebrities
- Rock stars
- Business leaders
International Consortium of Investigative Journalists (ICIJ) obtained 11.9 M data on the wealthy offshore assets.
Where are the offshore companies?
These offshore companies are based in tax havens, which are created through wealthy clients in places like: Cayman Islands, Switzerland, Monaco, British Virgin Islands, ,Dubai, etc. However as of now there are no definitive list of tax havens that could be running smoothly and worst undetected.
Pandora Paper Leak contains of:
- 6.1 M documents.
- +1 M emails
- 1/2 M spreadsheets
- Above 2.5 M images
Previous Leaks
- Offshore Leaks, 2013
2.5 M files - Panama Papers, 2016
11.5 M - Paradise Papers, 2017
13.4 M - Pandora Papers, 2021
11.4 M
Assets include:
- Yachts
- Incognito bank accounts.
- Cambodian Antiques
- Picasso’s paintings
- Banksy’s murals
- Property worth more than £400 M
- £70 M empire.
How does the leak affect us?
An estimated total from $5 trillion to $32 trillion is hidden offshores. That means around $600 billion in taxes are lost per year. This amount could help build lives of many around the world. We as a society are greatly affected by the hidden money, many parade around for their luxury.
This affects the vulnerable group mostly:
- Child’s access to education, healthy lifestyle, a home even.
- Old people access to home, health benefits.
The Johnson Worries
As the annual conference closes in Boris Johnson and his party might have to answer some very difficult questions. The Pandora leak contains valuable information on significant Conservative Party Donors.
This powerful statement from Mr. Ryle paints the depth and intensity of the Pandora Leak,
” The people that have the power to end the secret of offshore are the ones benefiting from it.”
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