After the Panama Papers, now the names of a lot of famous people of the world have been revealed in a plethora of documents that were leaked under the guise of Pandora Papers leak. As per the Pandora Papers, which came out following an investigation into the leak of 12 million files, a lot of powerful and wealthy people around the world have turned to launder their money to conceal their riches from the eye of tax authorities and dodge taxes.
The Pandora Papers released on October 03 contains greater than 300 Indian names. Of this, 60 important individuals and major Indian corporations with current and “offshore accounts” in other countries have been questioned. The details about the names of more than 700 Pakistanis have come to light in the Pandora leak. Following this, Imran Khan, who established Naya Pakistan before his rise to power, is embroiled in a fresh controversy.
More than 330 politicians are in the mix
The documents from the ‘Pandora Paper Leak show what some world’s most powerful individuals as well as more than 330 political leaders from 90 nations, have used private companies to hide their wealth.
What are Pandora Papers?
After sifting through more than twelve million (1.20 billion) documents in documents from the Pandora Papers leak day and night, it provides an astonishing disclosure about fraud and money transfers taking place around the globe. This leak uncovers hidden wealth, tax-evasion methods, and money laundering carried out by certain of the world’s richest and powerful.
The more than 600 journalists from 117 different countries and 140 media companies have been working continuously for months and conducted all disclosures while searching documents from 14 sources. This disclosure was done through the International Consortium of Investigative Journalism (ICIJ) that is believed to be the largest in the world.
The problems of the Indians that are mentioned as the subject of Pandora Papers are about to get worse. The government has ordered an investigation into the allegations that are related to and relating to the Pandora Papers Leaks. This investigation has exposed the illegal investment of politicians, industrialists, and famous people from all over the world, including India, were exposed.
The government will initiate action (investigation)
The investigation will be conducted together by a consortium of various agencies. The group will be led by the chairperson of the Central Board of Direct Taxes (CBDT). This group is also expected to comprise members of CBDT, the Enforcement Directorate (ED), the Reserve Bank of India (RBI), and the Financial Intelligence Unit. This information was released to the spokesperson for CBDT.
The government of the United States will reach out to different countries to obtain the horoscopes for these tax people who are tax evaders. Information of all kinds will be gathered about the tax evaders. The Pandora Papers of the International Consortium of Investigative Journalists (ICIJ) has identified media organizations ranging from the owners of military personnel to family members, celebrities, business people, and officials.
Master blaster Sachin Tendulkar is also identified as a suspect in Sachin Tendulkar has also been named in Pandora Papers probe. The Pandora Papers expose the secret holders of foreign-owned companies as well as secret bank accounts yachts, private jets and mansions, and even artifacts belonging to Pablo Picasso, Banksy, and other masters. In the ICIJ report, not just Tendulkar however, but pop music the diva Shakira Supermodel Claudia Schiffer and an Italian mobster also belong to those with documents that are secretly foreign assets.
However, Tendulkar’s attorney has stated that the investment of the cricketer is legal and has been disclosed to tax authorities. Shakira’s lawyer claimed that she made her company public which, according to her lawyer didn’t provide tax benefits. Schiffer’s reps have stated that she is tax-paying in a proper manner in the UK in the country where she resides.
This list contains 100 billionaires of Russia, America, India, Pakistan, and Mexico as also famous people. They made use of shell companies and bank accounts called Incognito to steal various assets.
In the report prepared in the document by the International Consortium of Investigative Journalism ICIJ along with 100 Dhankubers, the names of companies are discovered under the names of famous people of Russia, India, Pakistan, UK, and Mexico. The Pandora Papers have uncovered information regarding the King of Jordan, Ukraine, the presidents of Kenya as well as the Premier of the Czech Republic, and former British Prime Minister Tony Blair.
