Pandora Papers: Documents detail alleged ties between world leaders and secret wealth

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A massive leak of financial documents, dubbed the “Pandora Papers,” was published by several major news organizations Oct. 3, allegedly tying secret stores of wealth to world leaders including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin. The dump of more than 11.9 million records, amounting to about 2.94 terabytes of data, came five years after the leak known as the “Panama Papers” exposed how money was hidden by the wealthy in ways that law enforcement agencies could not detect. The International Consortium of Investigative Journalists (ICIJ), a network of reporters and media organizations, said the files are linked to about 35 current and former national leaders, and more than 330 politicians and public officials in 91 countries and territories. “The new data leak must be a wake-up call,” said Sven Giegold, a Green party lawmaker in the European Parliament. “Global tax evasion fuels global inequality. We need to expand and sharpen the countermeasures now.” This article was provided by The Japan Times Alpha.