Hundreds of world leaders, powerful politicians, millionaires, celebrities, religious leaders and drug traffickers have owned luxury mansions and beaches over the past quarter century, according to a review of around 12 million records obtained. We have hidden investments in hospitality real estate, yachts and other assets. From 14 different companies around the world.
The report, released Sunday by the International Consortium of Research Journalists, included 600 journalists from 150 media outlets in 117 countries. The findings shed light on previously hidden elite and corrupt transactions, and how they used offshore accounts to protect assets totaling trillions of dollars, hence the name “Pandora Paper” . I am.
More than 330 current and former politicians identified as beneficiaries of secret accounts include King Abdullah II of Jordan, former British Prime Minister Tony Blair, Czech Prime Minister Andrei Babish and President Uhuru Kenyatta of Kenya. Includes Ecuadorian President Guiller Morasso and the two former associates. Pakistani Prime Minister Imran Khan and Russian President Vladimir Putin.
Millionaires mentioned in the report include Turkish construction magnate Erman Ilicak and former CEO of software maker Reynolds & Reynolds Robert T. Brockman.
According to the report, many accounts were designed to evade taxes and hide their assets for other dubious reasons.
Sven Giegold, Member of the Greens of the European Parliament, said: “Global tax evasion promotes global inequalities. We now need to expand and refine our measures. “
Pandora Papers is the sequel to a similar project released in 2016 called “Panama Papers” edited by the same journalism group.
The latest bombs are even more extensive, carrying around 3 terabytes of data (equivalent to around 750,000 photos on smartphones) from 14 different service providers operating in 38 different jurisdictions around the world. Records date back to the 1970s, but most records range from 1996 to 2020.
In contrast, the Panama Papers filtered 2.6 terabytes of data leaked by a now-abandoned law firm called Mossack Fonseca in the country that influenced the project’s nickname.
The latest investigation looked at accounts recorded at familiar offshore shelters such as the British Virgin Islands, Seychelles, Hong Kong and Belize. However, some secret accounts, including 81 in South Dakota and 37 in Florida, were also scattered in trusts established in the United States.
Some of the first findings released on Sunday painted silly images of prominent people involved.
For example, according to a study, advisers discovered that King Abdullah II of Jordan created at least three dozen shell companies between 1995 and 2017, and that the monarch was worth more than $ 106 million in 14 homes in the United States. . The British Virgin Islands put $ 23 million in the California Sea, helping to buy. -View properties purchased through a British Virgin Islands company in 2017. The advisor has been identified as a British accountant in Switzerland and a lawyer in the British Virgin Islands.
According to the report, Abdullah’s British lawyer said he did not have to pay taxes under his own law and that he had not abused public funds, and that held by the intermediary of an offshore company was security and confidentiality. He added that there was a reason. The lawyer also declined to provide details, but said most businesses and property either had nothing to do with the king or no longer existed.
Blair, the British Prime Minister from 1997 to 2007, acquired a company in the British Virgin Islands in 2017 and became the owner of an $ 8.8 million Victorian building. Today the building houses the law firm of his wife, Cherie Blair. Research. The two men bought the company from the family of Bahraini Minister of Industry and Tourism Zayed bin Rashid al-Zayani. Research shows Blair saved over $ 400,000 in property taxes by buying company stock instead of buildings.
Blairs and Alzayanis said they were initially unaware that the other party was involved in the transaction, the investigation revealed. Cherie Blair said her husband was not involved in the deal and said she intended to “return the business and the building to the UK tax and regulatory system”. Alzayanis’ lawyer said he was in compliance with English law.
In 2009, Czech Prime Minister Andrej Babiš invested $ 22 million in a shell company to buy real estate in a chateau in a hilltop village in Mougins, France, near Cannes. According to a document obtained by Investigace.cz, a Czech partner of the journalism group, the shell company and the castle were not disclosed in Bubbis’ required asset declaration.
According to an investigation, a real estate group indirectly owned by Bubbis acquired the Monaco company, owner of the castle, in 2018.
“I was waiting for them to bring something right before the elections and hurt me and influence the Czech elections,” Bavis tweeted in his first reaction to the report.
Czech parliamentary elections take place on Friday and Saturday.
“I never did anything illegal or wrong,” Bavis added.
Liedtke was reported from San Ramon, Calif., And Mattise was reported from Nashville, Tennessee.
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