Page 14 - Most Trusted Logistics and Supply Chain Brands & Booming Fintech Companies

COVER STORY

The data also contains information about such enti-
ties, trusts or foundations’ shareholders, directors
and officers.

The leaked data contains information dating back
to 1970s and in between 1996 and 2020. As per
ICIJ, “They cover a wide range of matters: the
creation of shell companies, foundations and
trusts; the use of such entities to purchase real
estate, yachts, jets and life insurance; their use to
make investments and to move money between
bank accounts; estate planning and other inheri-
tance issues; and the avoidance of taxes through
complex financial schemes. Some documents
are tied to financial crimes, including money
laundering.”

The 11.9 million-plus records were largely unstruc-
tured. More than half of the files (6.4 million) were
text documents, including more than 4 million
PDFs, some of which ran to more than 10,000-
pages. The documents included passports, bank
statements, tax declarations, company incorpora-
tion records, real estate contracts and due dili-
gence questionnaires. There were also more than
4.1 million images and emails in the leak.
Spreadsheets made up 4% of the documents, or
more than 467,000. The records also included slide
shows and audio and video files. (Source: ICIJ)

PERSONS EXPOSED
BY PANDORA PAPERS

Apart from the wealthiest, politicians,
famous and the infamous, the records
also contains information about people
who are not public figures or known
such as small business owners, doctors,
and other individuals. More than 330
politicians and public officials, from
more than 90 countries and territories,
also included 35 current and former
country leaders. Thirty-five current
and former world leaders were iden-
tified, including King Abdullah II of
Jordan, former U.K. Prime Minister
Tony Blair and Czech Republic Prime
Minister Andrej Babis, who have all
denied wrongdoing. It also identified
more than 130 billionaires around the
globe.

14| Thecorporatereview.com | India | Vol. 2 | Issue 9 | October 2021