Offshore bank accounts of the Rich and Infamous

[Doc]

https://thehill.com/policy/finance/5750 ... ld-leaders

'Pandora Papers': Massive leak exposes offshore dealings of 35 world leaders

eaked offshore financial records dubbed the "Pandora Papers" were published by major news outlets this weekend, exposing the secret assets and agreements from some of the world's most wealthy and powerful leaders.

The leak contained nearly 12 million files from companies hired to set up offshore accounts in Panama, Dubai, Monaco, Switzerland and the Cayman Islands, the Guardian said.

The Guardian reported that people named in the papers include 35 world leaders, 300 other public officials and more than 100 billionaires. Current and former presidents, prime ministers, judges, mayors, military generals and more are among those named.
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The data was originally given to the International Consortium of Investigative Journalists (ICIJ) in Washington, D.C.

ICIJ then distributed the information to organizations like the Guardian, BBC Panorama, Le Monde and The Washington Post. Since then, more than 600 journalists have investigated the contents of the papers in the largest data leak on record in terms of financial data volume, the Guardian said.

The papers offer what the Guardian called a "rare window into the hidden operations" of offshore financial operations that enable some of the world's wealthiest people to evade taxes.

Though not everyone named in the papers was accused of any wrongdoing, some of the paper's revelations could have serious implications on upcoming elections.

Czech Prime Minister Andrej Babiš, who will seek reelection next week, declined to comment on why he used an offshore investment firm to purchase a $22 million chateau in the south of France, per the Guardian's reporting on the papers.

Others named in the papers included King Abdullah II of Jordan, who reportedly had $100 million in properties all over the world and maintained he had committed no wrongdoing by holding those properties through offshore companies, the Guardian said.
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The papers also show how a Russian woman purchased a multimillion-dollar apartment in Monaco and accumulated enormous wealth after having a baby, at a time when she was reportedly in a secret relationship with Russian President Vladimir Putin.

Meanwhile, Ukrainian President Volodymyr Zelensky is said to have transferred a 25 percent stake in an offshore company to his friend turned top adviser, the papers show. The transfer came during a campaign in which he promised to rectify the corrupt nature of his country's economy, the Guardian noted.

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While offshore holdings are not illegal and can even have legitimate security-related purposes, their secretive nature has at times been used to enable criminal activity and money laundering.

The papers could be an embarrassment for President Biden, who vowed to bring transparency to international finances though papers portray the U.S. as a "leading tax haven," the Guardian said.

The Guardian and other media outlets intend to publish additional findings about the papers in the coming days.

[crashtech66]

The lack of interest in this topic makes me wonder if participants are pseudonymous world leaders, or of those in their orbit.

[noddy]

Bahamas Leaks
Mauritius Leaks
Paradise Papers
Swiss Leaks
Pandora Papers
Epstein.

we all know the drill, some second tier businessmen and ex politicians without good connections will go down.
the places that arent completely corrupt will close a loophole or 2.

plausible deniability and short spans of attention will protect the incumbents and powerful.

[Doc]

Bahamas Leaks
Mauritius Leaks
Paradise Papers
Swiss Leaks
Pandora Papers
Epstein.

we all know the drill, some second tier businessmen and ex politicians without good connections will go down.
the places that arent completely corrupt will close a loophole or 2.

plausible deniability and short spans of attention will protect the incumbents and powerful.

KInd of reminds me of the drunk Irishman on the 747 raveling from Heathrow in London to JFK in NY. A couple of hours into the flight the pilot calls out over the PA system

"Ladies and gentlemen There is absolutely nothing to worry about but engine number one has just fallen off the plane. Again there is nothing to worry about We can still make it to JFK on the remaining 3 engines but we will be 30 minutes late getting into JFK"

Then an hour later"
"Ladies and gentlemen THere is still absolutely nothing to worry about but engine number Two has just fallen off the plane. Again there is nothing to worry about We can still make it to JFK on the remaining 2 engines but we will be an hour and 30 minutes late getting into JFK"

Then an hour after that:
"Ladies and gentlemen Rest assured there is still absolutely nothing to worry about but engine number three has just fallen off the plane. Again there is nothing to worry about We can still make it to JFK on the remaining engine, but we will be 7 an a half minutes late getting into JFK"

The a fore mentioned drunken Irishman sitting upstairs at the bar was then heard to say:

"Bloody hell !! If engine four falls off we'll be up here all day!!"

Seems like it is going to be leaks all the way down.

[noddy]

generally speaking these well crafted tax minimisation schemes are embarrasing but not illegal.

so its a few public apologies, shifting blame to accountants, all good.

[Doc]

generally speaking these well crafted tax minimisation schemes are embarrasing but not illegal.

so its a few public apologies, shifting blame to accountants, all good.

And shifting the money to other accounts.

[Typhoon]

The Grauniad | Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

A massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

Details of accounts linked to 30,000 Credit Suisse clients all over the world are contained in the leak, which unmasks the beneficiaries of more than 100bn Swiss francs (£80bn)* held in one of Switzerland’s best-known financial institutions.

The leak points to widespread failures of due diligence by Credit Suisse, despite repeated pledges over decades to weed out dubious clients and illicit funds. The Guardian is part of a consortium of media outlets given exclusive access to the data.

We can reveal how Credit Suisse repeatedly either opened or maintained bank accounts for a panoramic array of high-risk clients across the world.

[Typhoon]

OCCRP | What is Suisse Secrets?

[noddy]

once again, a lack of western polticians and business leaders in the leaked data. funny that.

[Typhoon]

once again, a lack of western polticians and business leaders in the leaked data. funny that.

Indeed.