Pandora Papers Leak: Secret Offshore Holdings of 35 Country Leaders, 130 Billionaires and Famous People
8th October 2021 | Hong Kong
The International Consortium of Investigative Journalists (ICIJ) has released the Pandora Papers, detailing secret offshore holdings of 35 country leaders, 130 billionaires and famous people including Great Britain Former Prime Minister Tony Blair, Jordan King Abdullah II, Sir Elton John, ex-model Claudia Schiffer, singer Shakira and Bernie Ecclestone (Formula 1). In Asia, famous names include Masayoshi Son (Softbank), Anil Ambani (Reliance), Lee Jae Yong (Samsung), Hong Kong former Chief Executives CY Leung and Tung Chee-Hwa, Lim Kok Tay (Genting), Tony Fernandes (Air Asia) and Jho Low (Alleged Mastermind of Malaysia 1MDB Corruption Scandal). Famous football names include Luis Suarez, Angel Di Maria, Pep Guardiola, Carlo Ancelotti, Roberto Mancini. According to ICIJ, “the leaked records came from 14 offshore services firms that set up shell companies, and it is not possible to know how much of that wealth is tied to tax evasion, crimes, legitimate sources and reported to proper authorities. For a few hundred or a few thousand dollars, offshore providers can help clients set up a company whose real owners remain hidden.” Watch: Pandora Papers
ICIJ: Pandora Papers – Leaked Names
Famous People:
- Shakira, Singer
- Claudia Schiffer, Model
- Sir Elton John, Singer
- Ringo Starr, (Former Member of The Beatles)
- Bernie Ecclestone and Flavio Briatore, Formula 1
- Carlo Ancelotti, Football Manger
- Roberto Mancini, Football Manager
- Pep Guardiola, Football Manager
- Luis Suarez, Football Player
- Angel Di Maria, Football Player
Business:
- Masayoshi Son, Founder of Softbank
- Anil Ambani, Chairman Reliance Group
- Lee Jae Yong, Chairman of Samsung
- Lim Kok Tay ,Chairman & CEO Genting
- Tony Fernandes, Founder of AirAsia
- Jho Low, Alleged Mastermind of Malaysia 1MDB Corruption Scandal
Leaders:
- Jordan King Abdullah II
- Ukraine President Volodymyr Zelenskyy
- Czech Republic Prime Minister Andrej Babis
- United Arab Emirates Prime Minister Mohammad bin Rashid Al Maktoum (Ruler of Dubai)
- Qatar Emir Sheikh Tamim bin Hamad Al Thani
- Great Britain Former Prime Minister Tony Blair
- Hong Kong Former Chief Executive CY Leung
- Hong Kong Former Chief Executive Tung Chee-Hwa
- China Delegate Henan Province QIya Feng
- Pakistan Finance Minister Shaukat Tarin
- Pakistan Minister for Water Resources Moonis Elahi
- Netherlands Minister of Finance Wopke Hoekstra
View:
- Video: Leak of Pandora Papers
- Pandora Papers Investigation
- Pandora Papers World Leaders
- Pandora Papers 14 Brokers
- Pandora Papers Offshore havens and hidden riches of world leaders and billionaires exposed in unprecedented leak
ICIJ: Pandora Papers
The investigation reveals the secret deals and hidden assets of country leaders, Ambassadors, mayors and ministers, presidential advisers, generals, central bank governor, billionaires, bankers, big political donors, arms dealers, international criminals, pop stars, spy chiefs and sporting giants.
The International Consortium of Investigative Journalists (ICIJ) obtained the trove of more than 11.9 million confidential files and led a team of more than 600 journalists from 150 news outlets that spent two years sifting through them, tracking down hard-to-find sources and digging into court records and other public documents from dozens of countries.
The leaked records come from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients often seeking to keep their financial activities in the shadows. The records include information about the dealings of nearly three times as many current and former country leaders as any previous leak of documents from offshore havens.
At least $11.3 trillion is held “offshore,” according to a 2020 study by the Paris-based Organization for Economic Cooperation and Development. Because of the complexity and secrecy of the offshore system, it’s not possible to know how much of that wealth is tied to tax evasion and other crimes and how much of it involves funds that come from legitimate sources and have been reported to proper authorities.
For a few hundred or a few thousand dollars, offshore providers can help clients set up a company whose real owners remain hidden. Or, for perhaps $2,000 to $25,000, they can set up a trust that, in some instances, allows its beneficiaries to control their money while embracing the legal fiction that they don’t control it – a bit of paper-shuffling creativity that helps shield assets from creditors, law enforcement and ex-spouses.
View:
- Video: Leak of Pandora Papers
- Pandora Papers Investigation
- Pandora Papers World Leaders
- Pandora Papers 14 Brokers
- Pandora Papers Offshore havens and hidden riches of world leaders and billionaires exposed in unprecedented leak
Pandora Papers: An Unprecedented Leak Exposes the Inner Workings of a Shadow Economy
Related:
- Video: Leak of Pandora Papers
- Panama Papers: Mossack Fonseca leak reveals elite’s tax havens
- United States Billionaires Tax Leak, Top 25 Pays 3.4% in Tax Rate from $401 Billion Fortune
Tax:
- United States Charges 6 for Tax Evasion, $60 Million Offshore Assets in Singapore Solution Scheme
- Top Hedge Fund Renaissance Technologies Facing $7 Billion Tax Settlement for Trading Profits
- China President Xi Jinping to Promote Common Prosperity, Expects New Taxes & Incentives for Social Programs
- Singapore: Need for Tax on Wealth, Inheritance, Estate & Property
- Singapore Central Bank MAS Reply on 15% Tax rate and Impact on Singapore as a Financial Centre
- OECD: 130 Countries Representing 90% of Global GDP Agree to 15% Corporate Tax Rate
- United States Billionaires Tax Leak, Top 25 Pays 3.4% in Tax Rate from $401 Billion Fortune
- G7 Nations Agree to Corporate Tax of at Least 15%, Hong Kong, Singapore & Switzerland Prepare for Change
- Hong Kong Private Equity Funds to Have 0% Tax for Carried Interest
- Former Prime Minister of Malaysia Najib Razak Faces Bankruptcy Notice for $408 Million in Unpaid Taxes
- HSBC UK Faces $1.61 billion Lawsuit for Tax-Efficient Disney Films Investments
- South Korean Billionaire & Chairman of Kakao Kim Beom-Su to Give More than Half His $10 Billion Fortune Away
- South Korea E-Commerce Giant Coupang IPO on NYSE, Rises 41% on Day 1
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
