Pandora Papers leak exposes offshore dealings of super rich, including Indians
London (PTI): Millions of leaked documents dubbed the Pandora Papers and a worldwide journalistic partnership on Sunday claims to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, including India.
The International Consortium of Investigative Journalists (ICIJ), which involved the BBC and The Guardian' newspaper in the UK and The Indian Express' in India among 150 media outlets in its investigation, claims it obtained the trove of more than 11.9 million confidential files to find secret financial dealings of many super rich.
"People linked by the secret documents to offshore assets include India's cricket superstar Sachin Tendulkar, pop music diva Shakira, supermodel Claudia Schiffer and an Italian mobster known as Lell the Fat One', says ICIJ in its report.
"Tendulkar's attorney said the cricket player's investment is legitimate and has been declared to tax authorities. Shakira's attorney said the singer declared her companies, which the attorney said do not provide tax advantages. Schiffer's representatives said the supermodel correctly pays her taxes in the UK, where she lives," it notes.
On a world map highlighting the number of politicians linked with offshore dealings, India is shown as having six and Pakistan seven.
"ICIJ's latest investigation, the Pandora Papers, brings renewed attention to the use of offshore companies by Pakistani political players. This time, the offshore holdings of people close to (Prime Minister Imran) Khan are being disclosed, including his finance minister and a top financial backer, the findings claim.
A spokesperson for Khan told a press conference that if any of his ministers or advisors had offshore companies, they will have to be held accountable .
According to the ICIJ, its secret documents expose offshore dealings of the likes of the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the Prime Minister of the Czech Republic and former British Prime Minister Tony Blair. The files also reveal financial activities of Russian President Vladimir Putin's unofficial minister of propaganda and more than 130 billionaires from Russia, the US, Turkey and other nations.
The ICIJ says the leaked records come from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients often seeking to keep their financial activities in the shadows.
It says the global investigation provides an "unequalled perspective" on how the rule of law has been bent and broken around the world by a system of financial secrecy enabled by wealthy nations.
"The findings by ICIJ and its media partners spotlight how deeply secretive finance has infiltrated global politics and offer insights into why governments and global organisations have made little headway in ending offshore financial abuses, it notes.
The ICIJ analysis of the secret documents identified 956 companies in offshore havens tied to 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others.
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Odisha: Expelled Congress leader Mohammed Moquim announces new party, to be launched on Apr 8
Bhubaneswar (PTI): Former MLA Mohammed Moquim announced that his new party will be named 'Odisha Janata Congress', and it will be formally launched on April 8.
He was expelled from the Congress in December last year after questioning party president Mallikarjun Kharge's leadership because of his age.
Moquium, who represented the Cuttack-Barabati assembly segment, said he decided to launch the new party after receiving a "positive response" from people to fight corruption.
"Both the BJD and Congress have lost their relevance, which is evident from their newfound bonhomie during the Rajya Sabha polls. Though the BJD ruled the state for 24 years, it has done nothing substantial for youths," he claimed.
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Moquim said the new party's flag is almost ready, with three colours.
"We are working on the symbol, and I have applied for the party's registration with the Election Commission," he said.
"People from across the state would join the programme at the Exhibition Ground in Bhubaneswar, from where the new party would be launched. It will be a youth-centric party," he added.
After his expulsion from the Congress, Moquim held a youth convention in Bhubaneswar. It was attended by his daughter, Sofia Firdous, who is the incumbent Congress MLA from Cuttack-Barabati.
