A global investigation has revealed how the rich and powerful have hidden their wealth in shell companies and offshore accounts, keeping trillions of dollars out of government treasuries. Here's a look at some of some of those named in the report.
set up at least three dozen shell companies from 1995 to 2017, helping the monarch buy 14 homes worth more than $106 million in the U.S. and the U.K. One was a $23 million California ocean-view property bought in 2017 through a company in the British Virgin Islands, a tax haven in the Caribbean.The allegations come as Abdullah seeks international aid to pull his impoverished country out of recession, and could unsettle Jordan’s critical relationship with the international community.
Khan, who is not accused of any wrongdoing, vowed to recover the “ill-gotten gains” and said his government will look into all citizens mentioned in the documents and take action, if needed.In 2009, Andrej Babis, the Czech prime minister, put $22 million into shell companies to buy a chateau property in a hilltop village in Mougins, France, near Cannes, the investigation found.
Djukanovic’s office said that he did establish a business trust with his son in 2012, while not in office. After he became the prime minister later the same year, Djukanovic transferred all the rights to his son, the office said. While Djukanovic was one of the owners there had been no business transactions, they said.
The final payment on the mine’s sale in 2011 hinged on the government declining to declare its location in north-central Chile a protected natural reserve, according to the report. The government — at that time headed by Piñera — did not do so, despite appeals from environmentalists, nor did subsequent governments.
Mikati’s son Maher was a director of at least two British Virgin Islands-based companies, which his father’s Monaco-based company, M1 Group, used to own an office in Central London, according to the report.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shakira, Claudia Schiffer among celebrities named in Pandora Papers leakThe Pandora Papers have probed the financial dealings of a host of high profile figures, from world leaders to celebrities.
Read more »
Russian Film Producer Konstantin Ernst, Elton John & Shakira Among Those Named In Pandora Papers Data LeakA significant data leak of more than 11.9m files pertaining to the tax affairs of many rich, famous and political figures – dubbed the Pandora Papers – has shone a spotlight on people includi…
Read more »
Elton John, Ringo Starr, Shakira Named in Pandora Papers Leak Exposing Offshore Financial DealingsElton John, Ringo Starr, and Shakira were named in the Pandora Papers, which detail the offshore financial dealings of global elites.
Read more »
Swedish House Mafia Named in Pandora Papers for Offshore CompanyDance trio Swedish House Mafia created an offshore company in the British Virgin Islands where it held the ownership to the band’s name, logo and music tracks.
Read more »
A look at world leaders named in the Pandora PapersA global investigation has revealed how the rich and powerful have being hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century. Collectively these assets are worth trillions of dollars. The investigation, dubbed the Pandora Papers, was published late Sunday and involved 600 journalists from 150 media outlets in 117 countries.
Read more »
Pandora Papers: Elton John, Shakira and Ringo Starr Named in Leaked Tax Shelter DocsNumerous celebrities are named in the latest trove of private financial documents exposing offshore investment and tax avoidance schemes.
Read more »