Find out, what is the same Pandora Papers scandal that is part of the Panama Papers?

London, Monday, October 8, 2021

The leaked documents of 12 companies have revealed that politicians and billionaires and celebrities from all over the world have invested in tax evasion. The disclosure, known as Pandora Papers, contains information about 5,000 companies and trusts formed abroad. A year-long study by the International Consortium of Investigative Journalists (ICJI) on 12 million documents from 12 companies, which claims to include businessmen, industrialists and politicians from various countries, the entertainment world and sports. .

The probe involved more than 150 media organizations and more than 200 journalists from around the world. This information is from 18 to 2020. Most of the companies whose documents were examined were established between 191 and 2017. Similar to the Pandora Papers, Alcogal, a Panamanian consultancy firm around the world, set up companies abroad for at least six clients. The company has offices in New Zealand, Uruguay and the UAE. At the urging of Morgan Stanley, a US bank in the British Virgin Islands, these companies formed 216 companies. According to the Indian Express, which is involved in the probe, the Pandora Papers contain the names of more than 200 Indians. More than 50 talents and companies have been investigated in the near future, the details of which will be revealed in the near future.

Just like the Panama Papers, the rich have found a new way to hide money. According to information received, Indian industrialists have set up trusts abroad with the aim of protecting them from government scrutiny by distributing capital. This includes 150 billionaires from several countries, including India, Russia, the US and Mexico. The names of the big people who have joined abroad have been published under the name of Pandora Papers. The list includes the King of Jordan, the President of Ukraine, Kenya and Ecuador, the Prime Minister of the Czech Republic and the former PM of Britain, Tony Blair. These documents contain at least 3 names of current or former presidents.