Pandora papers: 2.94 terabytes offshore data exposes tax haven secrecy
The International Consortium of Investigative Journalists (ICIJ), has shared the financial secrets of some of the world’s richest and powerful people with the Guardian, BBC and other media outlets around the world.
New Delhi: The International Consortium of Investigative Journalists (ICIJ), has shared the financial secrets of some of the world’s richest and powerful people with the Guardian, BBC and other media outlets around the world.
According to The Guardian report, the Pandora papers are the largest trove of leaked data exposing tax haven secrecy in history. They provide a rare window into the hidden world of offshore finance, casting light on the financial secrets of some of the world’s richest people.
The data of 11.9m files are leaked from a total of 14 offshore service providers. That makes it larger in volume than both the Panama papers (2016) and Paradise papers (2017), two previous offshore leaks.
"People linked by the secret documents to offshore assets include India’s cricket superstar Sachin Tendulkar, pop music diva Shakira, supermodel Claudia Schiffer and an Italian mobster known as ‘Lell the Fat One’,” says the ICIJ in its report.
"Mr. Tendulkar’s attorney said the cricket player’s investment is legitimate and has been declared to tax authorities. Ms. Shakira’s attorney said the singer declared her companies, which the attorney said do not provide tax advantages. Ms. Schiffer’s representatives said the supermodel correctly pays her taxes in the U.K., where she lives," it notes.
On a world map highlighting the number of politicians linked with offshore dealings, India is shown as having six and Pakistan seven.
(With agency inputs)
