The Pandora Papers, a global investigation conducted by 600 journalists from 150 media outlets in 117 countries, has revealed how the rich and powerful have been hiding their investments. Collectively these assets are worth trillions of dollars.
set up at least three dozen shell companies from 1995 to 2017, helping the monarch buy 14 homes worth more than $106 million in the U.S. and the U.K. One was a $23-million California ocean-view property bought in 2017 through a company in the British Virgin Islands, a tax haven in the Caribbean.The allegations come as Abdullah seeks international aid to pull his impoverished country out of recession and could unsettle Jordan’s critical relationship with the international community.
Khan, who is not accused of any wrongdoing, vowed to recover the “ill-gotten gains” and said his government will look into all citizens mentioned in the documents and take action, if needed.In 2009, Andrej Babis, the Czech prime minister, put $22 million into shell companies to buy a chateau property in a hilltop village in Mougins, France, near Cannes, the investigation found.
Djukanovic has been a key Western ally in efforts to move the volatile Balkan region closer to Euro-Atlantic integration and away from Russia. After steering Montenegro to independence from Serbia in 2006, Djukanovic led his nation of 600,000 into NATO in 2017.
A statement issued Sunday from the president’s office noted that prosecutors and courts decided in 2017 that no crime had been committed and Piñera had not been involved. It noted his first stint as president hadn’t started when the sale was agreed in 2010. Piñera’s holdings are now managed in a blind trust, according to the statement.Lebanon’s billionaire prime minister, Najib Mikati, cropped up in the Pandora Papers while the country is embroiled in a wrenching financial crisis.
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