35 former and current heads of state have hidden millions of dollars in offshore tax havens, revealed the International Consortium of Investigative Journalists through its large-scale investigation Pandora Papersbased on information from millions of leaked documents.
Politicians are over 330 from 91 countries and territories. Two of them are from Bulgaria, adds BNR. Their names are not reported.
174 of the companies are related to owners from our country.
According to Pandora Papers, the King of Jordan Abdullah II has used a network of offshore companies to raise $ 100 million in real estate from Malibu to London.
The Prime Minister of the Czech Republic Andrey Babish – who will have elections next week – has not declared an offshore company through which he bought a mansion in France worth $ 22 million.
The family of the Azerbaijani president Ilham Aliyev has also used offshore companies to acquire buildings and property in London for tens of millions.
The Russian president Vladimir Putin is not directly mentioned in the documents, but through associates is associated with secret assets in Monaco. The documents describe the financial activities of the “unofficial propaganda minister” of the Russian president and more than 130 billionaires from Russia, the United States, Turkey and other nations.
The list also includes the presidents of Ukraine, Kenya and Ecuador.
Among the former prime ministers is Britain’s Tony Blair.
Documents reveal that banks around the world have helped clients set up at least 3,926 offshore companies with the help of Alemán, Cordero, Galindo & Lee, a Panamanian law firm run by the country’s former ambassador to the United States.
The consortium of investigative journalists has identified nearly a thousand offshore companies linked to more than 330 senior politicians and government officials.