Leaders seek to limit ‘Pandora’ damage
3 years, 2 months ago

Leaders seek to limit ‘Pandora’ damage

The Hindu  

Governments moved on Monday to limit the fallout from a release of millions of documents detailing how leaders have used offshore tax havens to stash assets worth hundreds of millions of dollars. Some 35 current and former leaders are featured in roughly 11.9 million documents leaked from financial services companies across the world. “We didn't see anything on hidden wealth within Mr. Putin's inner circle.” Jordan was also keen to play down the revelations, which exposed how King Abdullah II created a network of offshore companies and tax havens to amass a $100 million property empire from California to London. And the documents also show how Czech Prime Minister Andrej Babis failed to declare an offshore investment company used to purchase a chateau worth $22 million in the south of France.

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