Leaked ‘Pandora’ records show how the powerful shield assets

Pandora Papers

FILE – Czech Republic’s Prime Minister Andrej Babis speaks during the 4th Budapest Demographic Summit in Budapest, Hungary, in this Thursday, Sept. 23, 2021, file photo. Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been stashing away their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter century, according to a review of nearly 12 million files obtained from 14 different firms located around the world. The report released Sunday, Oct. 3, 2021 by the International Consortium of Investigative Journalists involved 600 journalists from 150 media outlets in 117 countries. Czech Republic’s Prime Minister Andrej Babis is one of 330 current and former politicians identified as beneficiaries of the secret accounts.(AP Photo/Laszlo Balogh, File)

A new report sheds light on how world leaders, powerful politicians, billionaires and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century.

The report is being dubbed the “Pandora Papers” because the findings shed light on the previously hidden dealings of the elite and the corrupt.

Hundreds of politicians, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets.

That’s according to a review of nearly 12 million files obtained from 14 firms located around the world.

Categories: National News