“The Pandora Papers is a leak of almost 12 million documents that reveals hidden wealth, tax avoidance and, in some cases, money laundering by some of the world’s rich and powerful.
More than 600 journalists in 117 countries have been trawling through the files from 14 sources for months, finding stories that are being published this week.
The data was obtained by the International Consortium of Investigative Journalists (ICIJ) in Washington DC, which has been working with more than 140 media organisations on its biggest ever global investigation.
BBC Panorama and the Guardian have led the investigation in the UK.
What has been uncovered?
The Pandora Papers leak includes 6.4 million documents, almost three million images, more than a million emails and almost half-a-million spreadsheets.
Stories revealed so far include:
- the prominent Tory donor who was involved in one of Europe’s biggest corruption scandals
- the King of Jordan’s £70m spending spree on properties in the UK and US through secretly-owned companies
- Azerbaijan’s leading family’s hidden involvement in property deals in the UK worth more than £400m
- the Czech prime minister’s failure to declare an offshore investment company used to purchase two French villas for £12m
- how the family of Kenyan president Uhuru Kenyatta’s secretly owned a network of offshore companies for decades
The files expose how some of the most powerful people in the world – including more than 330 politicians from 90 countries – use secret offshore companies to hide their wealth.” BBC
Comment: I am not impressed – so far. Are there really people out there in the big bad world who do not think that people with money seek to shield their financial transactions from public view? I suppose there are people with such delusion. But, tant pis pour eux. pl