Leaked records allegedly link world leaders to secret wealth
October 4, 2021 - The Pandora Papers are a massive leak of confidential financial records that reveal how the world’s richest stash their wealth away from tax inspectors, regulators and the public.
Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century, according to a review of nearly 12 million files obtained from 14 firms located around the world.
The report released Sunday by the International Consortium of Investigative Journalists involved 600 journalists from 150 media outlets in 117 countries. It’s being dubbed the Pandora Papers because the findings shed light on the previously hidden dealings of the elite and the corrupt, and how they have used offshore accounts to shield assets collectively worth trillions of dollars.
The more than 330 current and former politicians identified as beneficiaries of the secret accounts include Jordan’s King Abdullah II, former UK Prime Minister Tony Blair, Czech Republic Prime Minister Andrej Babis, Kenyan President Uhuru Kenyatta, Ecuador's President Guillermo Lasso, and associates of both Pakistani Prime Minister Imran Khan and Russian President Vladimir Putin.
The Pandora Papers are a follow-up to a similar project released in 2016 called the Panama Papers, compiled by the same journalistic group.
The latest bombshell is even more expansive, porting through nearly 3 terabytes of data – the equivalent of roughly 750,000 photos on a smartphone – leaked from 14 different service providers doing business in 38 different jurisdictions in the world. The records date back to the 1970s, but most of the files span from 1996 to 2020.