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i'm sage for kalkine media thanks for joining us today we're covering the trending topic
what's the pandora papers all about what are the pandora papers the investigation is based
on a leak of confidential records of 14 offshore service providers the providers are professional
services to wealthy individuals and corporations seeking to incorporate shell companies trusts
foundations and other entities in a probable bid to avoid taxes the entities enable owners
to hide their identities from the public and sometimes from regulators the probe is based on
2.94 terabytes of leaked data in various formats documents images emails spreadsheets and more
this is the world's largest expose in terms of amounts of data while second largest expose in
terms of files so how old is the data some of the files date to the 1970s however most of
those reviewed were created between 1996 and 2020 icij said they cover a wide range of matters the
creation of shell companies foundations and trusts the use of such entities to purchase real estate
yachts jets and life insurance they used to make investments and to move money between bank
accounts estate planning and other inheritance issues and the avoidance of taxes through complex
financial schemes some documents are tied to financial crimes including money laundering
so who are the famous names on the list the investigation has revealed financial secrets
of 35 current and ex-world leaders more than 330 politicians and public officials spread across 91
countries and territories along with a global list of fugitives con artists and murderers the secret
documents expose offshore dealings of the king of jordan the presidents of ukraine kenya and ecuador
the prime minister of the czech republic and former british prime minister tony blair the
files also reveal financial activities of russian president vladimir putin's unofficial minister
of propaganda and more than 130 billionaires from russia the united states turkey and other nations
is there any aussie connection in it yes there is more than 400 australians have been
named in a financial leak that expose the secret offshore wealth of the world's most
powerful leaders and billionaires many of the australians named in the papers are clients of
asia city an international trust that has firms in singapore cook islands samoa nevis hong kong
panama and new zealand in the past asia city has drawn attention for some of its clients with
checkered histories including moldovan politician vladimir plahot nuik who is a fugitive
myanmar's agricultural minister nut tin who resigned over corruption and nigerian politician
abu bakr atiku bagudu who laundered public funds thanks for joining us on the report and if you do
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updates do head to the website it's kalkine media.com my name is sage from kalkine media