26 votes

Pandora Papers - Billions hidden beyond reach

5 comments

  1. [5]
    skybrian
    Link
    Not to be confused with the Panama Papers - this is new. From the article:

    Not to be confused with the Panama Papers - this is new. From the article:

    The details are contained in more than 11.9 million financial records that were obtained by the International Consortium of Investigative Journalists (ICIJ) and examined by The Post and other partner news organizations. The files include private emails, secret spreadsheets, clandestine contracts and other records that unlock otherwise impenetrable financial schemes and identify the individuals behind them.

    The trove, dubbed the Pandora Papers, exceeds the dimensions of the leak that was at the center of the Panama Papers investigation five years ago. That data was drawn from a single law firm, but the new material encompasses records from 14 separate financial-services entities operating in countries and territories including Switzerland, Singapore, Cyprus, Belize and the British Virgin Islands.

    The files detail more than 29,000 offshore accounts, more than double the number identified in the Panama Papers. Among the account owners are more than 130 people listed as billionaires by Forbes magazine and more than 330 public officials in more than 90 countries and territories, twice the number found in the Panama documents.

    8 votes
    1. [4]
      suspended
      Link Parent
      Was anything done with the revelations from the Panama Papers? Will anything be done from this new one?

      Was anything done with the revelations from the Panama Papers? Will anything be done from this new one?

      9 votes
      1. [2]
        skybrian
        Link Parent
        It might affect elections? From the article:

        It might affect elections? From the article:

        The Panama Papers stories five years ago led to the resignations of the leaders of Iceland and Pakistan. There could be political stakes for some of those named in the Pandora documents.

        Andrej Babis, the Czech prime minister, who is up for reelection this week, is a billionaire politician who has cast himself as a populist adversary of Europe’s elite. But the documents show that in 2009 he purchased a $22 million chateau near Cannes, France, with a cinema and two swimming pools, using shell companies that hid the identity of its new owner. Babis did not respond to requests for comment.

        In Kenya, President Uhuru Kenyatta has cultivated the persona of a determined foe of corruption, saying in 2018 that “every public servant’s assets must be declared publicly.” But Pandora documents show that he and several close relatives set up at least seven entities offshore that hold money and real estate worth more than $30 million. Kenyatta did not respond to requests for comment.

        12 votes
        1. suspended
          Link Parent
          Very interesting. Thank you.

          Very interesting. Thank you.

          2 votes
      2. Bullmaestro
        Link Parent
        A Maltese journalist involved in the Panama Papers leak was assassinated via car bomb. There have also been dozens of prosecutions as a result of it along with 130 countries pledging to tighten up...

        A Maltese journalist involved in the Panama Papers leak was assassinated via car bomb. There have also been dozens of prosecutions as a result of it along with 130 countries pledging to tighten up offshore regulations.

        8 votes