Secret wealth and dealings of world leaders exposed in Pandora Papers
BBC Panorama in a joint investigation with the Guardian and the other media partners have had access to nearly 12 million documents and files from 14 financial services companies in countries including the British Virgin Islands, Panama, Belize, Cyprus, the United Arab Emirates, Singapore and Switzerland.But one of the biggest revelations is how prominent and wealthy people have been legally setting up companies to secretly buy property in the UK.
The files expose how the Aliyev family and close associates were involved in property deals in the UKThis includes a £33m property in central London bought for the president’s 11-year-old sonfor £66m in 2018, having paid £35m for it 10 years earlier They include £50m on three adjacent ocean view properties in Malibu, California, and properties in London and Ascot in the UK.
secretly owned a network of offshore companies. They have been linked to 11 firms - one of which was valued as holding assets of $30m Ecuador President Guillermo Lasso, a former banker, replaced a Panamanian foundation that made monthly payments to his close family members with a trust based in South Dakota in the USThere is no suggestion in the Pandora Papers that Tony and Cherie Blair were hiding their wealth.The former Labour prime minister and his barrister wife Cherie, in July 2017 by buying the offshore company that owned it.
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