Every next person in Pakistan is aware of Panama Papers that destroyed future of PMLN. Panama Leak is made public to the people by International Consortium of Investigate Journalists (ICIJ). This time Paradise Papers leak that reveals the offshore activities of some of the world’s most powerful people. Panama Papers have leaked a year ago and now time for some other politicians and companies in the world.
What does Paradise Papers Leak contain?
- ICIJ and other media partners explored 13.4 million leaked files containing information. These files contain information on offshore companies and files obtained by a German newspaper.
- The paradise papers contain nearly 7 million loan agreements, financial statements, and other paperwork. These latest have disclosed financial details of politicians, celebrities and a major part of a leak from the company ‘Appleby’.
- Documents are obtained by German newspaper from two in Singapore and Bermuda. It contains information over 25,000 companies that are owned by individual’s from 180 countries from 1950 to 2016.
- This is really one of the largest leaks ever in the world and 381 investigators work together. They are belonging from 67 countries to unearth the Paradise Papers.
Is there a name of any Pakistani in Paradise Papers Leak?
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Former Prime Minister Shaukat Aziz has also named in Paradise papers:
Shaukat Aziz is an employee of Citi Bank before he became Prime Minister. He established the company named Antarctic Trust and his siblings and wife became beneficiaries. This company never disclosed before Election Commission of Pakistan (ECP).
Aziz served as prime minister from August 2004 to 2007 and appointed as finance minister in 1999. He settled abroad after his occupancy came to end in 2007.
- Former Chairman of NICL Ayaz Khan Niazi:
Ayaz Khan also named in the latest Paradise Papers and has a connection with offshore companies. He is in connection with four offshore holdings in the British Virgin Islands.
One of them served as trust while the other three set up as companies. All of these companies set up in 2010 when Niazi served as Chairperson of National Insurance Corporation Limited.
This leak not only contains information about Pakistanis but also disclose world’s popular leaders. Let’s have look towards them:
- Queen Elizabeth II invested millions of dollars in medical and consumer loan companies. While personal estate provides some details of its investment in UK property.
- There is a name of Rex Tillerson among those having offshore companies. US Secretary Rex Tillerson a director of Marib Upstream services created to conduct oil and gas operations. Queen Noor of Jordan also listed as a beneficiary of two trusts on an island of Jersey.
The Paradise Papers have the largest number of politicians, companies and other from the US.
A number of politicians in papers:
Paradise papers contain 127 politicians and public officials from more than 47 countries. Panama papers contain 140 politicians and public officials from 50 countries.
Paradise papers are bigger in a number of records 13.5 million while Panama papers contain 11.5 million. It is one of biggest leaks in the history of journalism.
