Leaked ‘Pandora’ Records Show How the Powerful Shield Assets

A new report sheds light on how world leaders, powerful politicians, billionaires and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century.

  • Published
FILE - Former British Prime Minister Tony Blair is shown ahead of a meeting at the EU Charlemagne building in Brussels, in this Wednesday, Nov. 6, 2019, file photo. Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been stashing away their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter century, according to a review of nearly 12 million files obtained from 14 different firms located around the world. The report released Sunday, Oct. 3, 2021, by the International Consortium of Investigative Journalists involved 600 journalists from 150 media outlets in 117 countries. Former British Prime Minister Tony Blair is one of 330 current and former politicians identified as beneficiaries of the secret accounts. (Stephanie Lecocq/Pool via AP, File)
Image via AP Photo/Stephanie Lecocq

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

A new report sheds light on how world leaders, powerful politicians, billionaires and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century. The report by the International Consortium of Investigative Journalists brought promises of tax reform and demands for resignations and investigations, as well as explanations and denials from those targeted. The investigation published late Sunday involved 600 journalists from 150 media outlets in 117 countries. It’s…

Read at AP News