image courtesy; International Consortium Investigative Journalists
Image courtesy; eupoliticalreports.eu
Pandora’s secret has yet again shined a light on how riches get richer and Poor get poorer. The International Consortium Investigative Journalists (ICIJ) uncovered almost 12 million documents from offshore entities trying to evade tax or for other malpractices.
ICIJ along with other media firms carried out this Operation. They have confirmed that there are 14 such companies that allocate money of super rich people in different offshore companies so that it becomes untraceable.
Image courtesy; aljazeera.com
The secret documents have revealed names of many notable figures in India including the god of cricket Sachin Tendulkar, Jackie Shroff, Reliance industries head Anil Ambani and Kiran Mazumder Shaw’s husband. These names just include prominent elites but there exists other such 380 individuals that have been found with financial assets linked to pandora papers.
Anil Ambani along with his representative have approximately 18 offshore firms in the British Virgin Islands (BVI), Cyprus and Jersey. Sachin Tendulkar along with his wife and father in law also own an offshore firm in the BVI, The Saas International Limited.
The pandora papers are not only limited to India but to almost 91 countries around the world. Almost 700 ministers and famous figures from Pakistan, famous singer Shakira, former prime minister of UK Tony Blair, at least 130 Russian billionaires, king of Jordan Abdullah II, supermodel Claudia Schiffer have also been recognised from the leaked papers.