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Pandora Papers: Massive leak exposes offshore assets of world leaders, billionaires and other powerful figures

4 Oct 2021 7:00 AM | Kim Wheeler (Administrator)

A massive leak of millions of documents has exposed the secret offshore financial arrangements of the world's rich and powerful, including billionaires, political leaders, celebrities, sports stars, and public officials.

Launching today, The Pandora Papers is a major international investigation by dozens of media outlets including the New Zealand Herald that reveals how wealthy elites used complex offshore structures – including New Zealand-based trusts – to shelter assets and move money around the globe.

Among the prominent figures whose financial arrangements have been exposed are 35 country leaders including the King of Jordan, around 330 politicians and high-level public officials, and 133 billionaires.

Believed to be the biggest data leak in history, the Pandora Papers will intensify international debate about the enormous scale of offshore finance at a time of rising concern about economic inequality.

Read the full article here

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