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The secret assets of hundreds of rich and powerful people around the world have been leaked to one of the world’s financial sources.
The financial transactions of dozens of world leaders, from King Abdullah of Jordan to former Prime Minister Tony Blair, have been leaked in detail, showing how the world’s richest people use offshore tax havens to save and transfer their money.
Documents leaked to the International Consortium of Investigative Journalists and shared with some news organizations, including the Financial Times, have been called “Pandora Papers”. They came from 1 offshore organization and contained more information than the Panama Papers, which was leaked in 2001 by law firm Mosaic Fonseca.
According to news agencies, the papers show how King Abdullah II secretly bought property worth more than মিল 100 million in London, Washington and Malibu, California.
Raja is said to have used a network of offshore accounts to buy three adjacent properties in Malibu for about 70 70 million between 2014 and 2017. The center has seven bedrooms, nine baths, a gym, a cinema and a swimming pool, the paper said.
The United States provided more than 1.5 billion in aid to Jordan in 2020 – although the king’s lawyers told reporters he had not misappropriated aid or misused public funds.
Meanwhile, Tony and Cherry Blair bought a 5 5.5 million office in Marylebone in 2001 by buying a British Virgin Islands company owned by Bahraini minister Zayed bin Rashid Al Zayani. The transaction saved their property tax reported £ 312,000.
Cherry Blair told the Guardian that “there is nothing unusual or underhand about this”, adding that he did not know the sellers’ identities before buying the property.
According to documents, a Russian woman who spoke of her relationship with Russian President Vladimir Putin became the owner of a luxury apartment in Monte Carlo in 2003, just weeks after giving birth. The apartment, which cost 3.6m and included two parking spaces and a pool, was purchased using a company in the British Virgin Islands.
Neither the Kremlin nor the woman, Svetlana Kryvonogich, responded to the news agency’s request for comment.
The document also names Ilham Aliyev, a powerful 1st-year president of Azerbaijan, who has a net worth of about m 400 million in the UK, a network of offshore companies linked to his family and associates. The family bought 17 properties, including a £ 33m office block in London for the president’s 11-year-old son.
The Aliyev family did not respond to requests for comment from news agencies.
Among others shown to be the owner of the offshore company is Czech Prime Minister Andrzej Babis, who is set to face re-election this week. According to ICIJ, Babis has spent 22 22 million through the Shell Company on a vast property known as Chatau Bigwood in the south of France.
A BBC reporter declined to answer questions about buying Babis.
According to ICIJ, the document contained the names of more than 300 politicians and senior officials – including leaders from five countries.
The data came from 11 of the 14 offshore service providers in Panama, Seychelles, Hong Kong, the British Virgin Islands, Belize, Cyprus, Switzerland and the United Arab Emirates.
The document also includes information on trusts in several U.S. states – including South Dakota, Florida and Delaware – which have become increasingly popular places for billionaires to park their assets in recent years.
South Dakota not only allows people to evade taxes by investing in trusts, but also to hide from almost anyone, including the ultimate beneficiary. The South Dakota Trust Fund had more than িয়ন 1 billion in assets by the end of last year, according to the state Department of Labor and Control.