The Pandora Papers also named a number of heads of state, including offshore companies owned by King Abdullah of Jordan and the rulers of Qatar.
An offshore company was also named after former British Prime Minister Tony Blair. The presidents of Ukraine, Kenya and Ecuador, as well as the offshore companies of the prime ministers of the Czech Republic and Lebanon, are also in the Pandora Papers.
The largest offshore data leak in history, including offshore accounts of 336 politicians from 90 countries.
At the top of the list are Ukraine’s 38 politicians. Russia 19, Colombia 11, Nigeria 10, Angola and Brazil 9, 9, Kazakhstan 8, India 6, Saudi Arabia 5, while China and Malaysia have two politicians each.
British citizens are in the first position. More than a quarter of firms are owned by British citizens but only 9 politicians in the UK and Northern Ireland own offshore companies or overseas properties.
Britain is followed by Nigeria, India and Russia. Most of the properties are owned by companies located in the British Virgin Islands.
In addition, 681 previous anonymous beneficial owners were identified. The value of these properties is said to be more than five and a half billion dollars.
The fifth number of Pakistanis
According to Pandora Papers, Pakistanis are the fifth largest buyers of property in London. The list has 700 Pakistanis but only 7 politicians. The remaining 693 are businessmen and industrialists, retired generals, bureaucrats and retired government officials who own offshore companies or overseas assets.
Among Pakistanis, offshore companies of Finance Minister Shaukat Tareen, Federal Minister Mons Elahi and Senator Faisal Wawda emerged. Apart from them, the offshore companies of the families of former Punjab Minister Abdul Aleem Khan, PML-N leader Ishaq Dar’s son, PPP’s Sharjeel Memon and Federal Minister for Industries Khusro Bakhtiar have also come to light in the Pandora Papers. Û”
The offshore companies include Shoaib Sheikh, son of former Special Assistant to the Prime Minister Waqar Masood, executive owner, retired military officers, media house owners, bankers and businessmen.
Omar Bakhtiar, the brother of Federal Minister for Industry Khusro Bakhtiar, transferred a 1 1 million apartment in Chelsea, London, to his mother in 2018 through an offshore company.
According to the ICIJ report, well-known businessman and PTI donor Tariq Shafi embezzled 21 215 million through offshore companies.
Names of former retired military officers
Pandora Papers has revealed that in 2007, the wife of former President General Pervez Musharraf’s former aide General Shafaatullah Shah acquired a لندن 1.2 million apartment in London through a foreign transaction. They also include the name of another army lieutenant colonel and former minister Raja Nadir.
In 2009, ISI Major General Nusrat Naeem was also accused of fraud by Islamabad police in an attempt to buy a steel mill for 1. 1.7 million. Similarly, the names of Omar and Ahad Khattak, sons of former Pakistan Air Force chief Abbas Khattak, are also included in the Pandora Papers.
It should be noted that if an offshore company has been declared in accordance with the law and that company is not used for any illegal work, then forming an offshore company is not an illegal act in itself.
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