Pandora Papers: Secret wealth and dealings of world leaders exposed

Pandora Papers Secret wealth and dealings of world leaders exposed
Source: BBC
2 Min Read

Daily US Times: The secret wealth and dealings of politicians, world leaders and billionaires has been exposed in one of the biggest leaks of financial documents, dubbed the Pandora Papers.

More than 300 public officials and some 35 former and current leaders are featured in the files from offshore companies.

The secret financial documents reveal the King of Jordan secretly amassed £70m of UK and US property.

They also show how the former British Prime Minister Tony Blair and his wife saved £312,000 in stamp duty when they bought a London office.

Mr Blair and his wife bought an offshore firm that owned the building.

The leak also shows that Czech Prime Minister Andrej Babis – who is facing an election later this week – failed to declare an offshore investment company used to purchase two villas for £12m in the south of France. The Pandora Papers link Russian President Vladimir Putin to secret assets in Monaco.

It is the latest in a string of leaks of overwhelming secret financial documents and dealings over the past seven years, following the FinCen Files, the Paradise Papers, the Panama Papers and LuxLeaks.

The examination of the secret wealth and dealing documents is the largest organised by the International Consortium of Investigative Journalists (ICIJ), with more than 650 reporters taking part.

BBC, the Guardian and the other media partners have had access to nearly 12 million files and documents from 14 financial services companies in countries including the British Virgin Islands, the United Arab Emirates, Panama, Belize, Cyprus Singapore and Switzerland.

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