ICIJ is a global network consists of 280 investigative journalist in more than 100 countries and territories. They also partner with more than 100 media organizations which includes BBC, The New York Times, The Guardian and so on. These journalist collects data of a person individually across the globe and they collaboratively analyze in-depth and come to a conclusion about an investigation. ICIJ is a US based non-profit organization
By having the job outsourced in a different country, many companies involve in tax evasion and money laundering. This is also an habit for individuals and companies to keep their finances secret. The details of such companies and individuals are mentioned in Pandora papers. This not just gives the name of the person, it gives all the details of the individual holding in different countries including the net worth
The Pandora papers published on Sunday ( 03rd October 2021 ) are based on the documents leaked to the International Consortium Investigative Journalism (ICIJ) exposed the offshore dealings of Kings, Presidents and Prime Ministers, including Jordan's King Abdulla II, Czech Prime Minister Andrej Babis and Kenyan President Uhuru Kenyatta
The ICIJ with its 2 year effort launched 11.9 Million confident files aided with the effort of more than 600 journalists from 150 media outlets. The team also verified the information from the 2.94 terabyte haul by cross referencing it to public records from more than 12 countries
The ICIJ found that the documents were linked to more than 330 politicians and public officials, including 35 current and former national leaders in more than 91 countries and territories. Indian cricketer Sachin Tendulkar was also one among that list. Pandora papers are the latest leaks of financial documents by ICIJ, they have also released the previous versions as below
- Lux Leaks in 2014
- Panama Papers in 2016
- Paradise Papers in 2017
- FinCen Files in 2020
These documents made significant changes in world politics earlier. What will the current Pandora Papers will do the world now ? Let's watch this space carefully
Our Indian Government, on Monday (04th October 2021) said it will investigate this matter. This investigation will be monitored by a multi-agency group headed by central board of direct taxes (CBDT) chairman. It will also comprise representatives from CBDT, Enforcement Directorate, Reserve Bank of India (RBI) and Financial Intelligence Unit
There are around 380 Indians are on the list, who have been exposed for ringfencing their wealth through shadowy financial transactions and using offshore tax havens to hide assets worth millions of dollars.
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