After two major people were implicated in the Pandora Papers controversy, the EU was left red-faced.


After two major people were implicated in the Pandora Papers controversy, the EU was left red-faced.

The current Pandora Papers scandal has ensnared two top EU leaders.

The Pandora Papers investigation has revealed international leaders’ hidden money and dealings. A total of 35 current and former international leaders, as well as more than 300 government officials, have been named in the financial document dump. The files also expose how Czech Prime Minister Andrej Babis reportedly failed to declare an offshore investment firm used to purchase two homes in the south of France for £12 million.

The Czech Prime Minister is accused in the papers of purchasing a huge property known as Chateau Bigaud in a hilltop village in Mougins, France, near Cannes, using a series of offshore shell companies.

Mr. Babis is up for re-election this week.

The documents expose how worldwide leaders have set up off-shore firms to buy property in London in secrecy.

According to the inquiry, Azerbaijani President Ilham Aliyev and his family were allegedly secretly involved in property purchases worth more than £400 million in the United Kingdom.

Mr Aliyev has been accused of plundering his own country in order to transfer wealth to other countries.

The Aliyevs appear to have profited from the sale of one of their London properties to the Crown Estate.

The Crown Estate, which is maintained by the UK Treasury, is the Queen’s property holdings.

The materials also mention Cypriot President Nicos Anastasiades.

The documents detail how Jordan’s King purportedly amassed £70 million in UK and US real estate.

Tony Blair saved £312,000 in stamp duty when he bought a London office, according to the newspaper.

Purchasing homes in the UK using an off-shore business is legal.

Mr Blair, on the other hand, has previously criticized these tax loopholes.

Anastasiades formed a law company that operated as a key offshore go-between for wealthy Russians, according to the Pandora Papers probe.

The Pandora Papers, which contain more than 11.9 million files, are the greatest collection of confidential documents yet to be analyzed.

The International Consortium of Investigative Journalists retrieved files from offshore companies.

Many international figures are named in the papers as being involved in corruption, money laundering, and tax evasion controversies.


Comments are closed.