The “Pandora Papers” could further validate Prime Minister Imran’s position on money laundering: Fawad – Pakistan

Information Minister Fawad Chaudhry said details of the global elite’s financial secrets via the “Pandora Papers” – which are expected to be released today (Sunday) – “will further strengthen Prime Minister Imran’s position. Khan against money laundering ”.

In a tweet on Sunday, Fawad said: “If the ‘Pandora Papers’, like the ‘Panama Papers’, detail how money is laundered from poor countries to overseas, it will further strengthen Prime Minister Imran Khan’s stance against money laundering. “

He added that the “Panama Papers” revealed offshore assets of corrupt people. “Now another ICIJ (International Consortium of Investigative Journalists) research is coming. Prime Minister Imran stressed that hiding money from poor countries in rich countries should be discouraged,” he said. he declares.

The Minister of Information hoped that, like the Panama Papers, the upcoming leaks would also open up new avenues to ensure transparency in financial practices and help fight corrupt practices.

“Pandora Papers”

On October 2, the ICIJ announced that it would release the most comprehensive account of financial secrecy after the release of the Panama Papers in 2016, which led to the fall of governments, including that of Nawaz Sharif.

The “Pandora Papers” will seek to expose the offshore finances and secrets of many people, including businessmen, politicians, leaders, government officials, and so on. of the whole world. It also includes the names of several influential people from Pakistan.

It took almost two years for the ICIJ to organize the investigation which involved more than 600 journalists in 117 countries, making it the largest journalistic partnership ever. The ICIJ shared the data with 150 media organizations.

The mega research into the hidden secrets of the financial world should explain what some of the rich in the world have done to hide their wealth and evade state taxes.

The Panama Papers were a giant leak of more than 11.5 million financial and legal documents exposing a system that allows crime, corruption and wrongdoing, hidden by secret offshore companies.

Panama fears new leak of ICIJ ‘Pandora Papers’

The new research will expose how the global elite transfer money to tax havens through secret societies.

Panamanian government fears reputational damage

Meanwhile, Panama fears that the publication of a new article will again tarnish its reputation, which was badly damaged by the “Panama Papers” scandal, according to a government letter published by local media.

The government has warned that any publication reinforcing a false perception of the country as a potential tax haven would have devastating consequences for Panama and its people.

The letter from the Panamanian government also refers to some of the reforms the Central American country has undertaken in recent years, although it remains on the EU’s list of tax havens.

It also indicates that since 2016, the registration of more than 395,000 companies and foundations has been suspended, about half of those that existed at the time.

The government fears that Panama is once again the epicenter of a new global tax haven scandal like the one that followed the ICIJ’s disclosure of the “Panama Papers” in 2016.

This massive data leak exposed widespread tax fraud and evasion using complex structures of offshore shell companies and sparked international uproar.

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