Govt to Investigate all Citizens Mentioned in Pandora Papers: PM

What are Pandora Papers?

The Pandora papers follow in the footsteps of two previous seismic leaks facilitated by the ICIJ. The Panama and Paradise papers, in 2016 and 2017.

The secret deals and hidden assets of some of the world’s richest and most powerful people have been revealed in the biggest trove of leaked offshore data in history.

They expose the secret offshore affairs of 35 world leaders, including current and former presidents, prime ministers and heads of state. They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries.

The Pandora Papers have unmasked the fortunes of more than 330 public officials in 90 countries. Included among them are 35 current and former leaders of different countries. The king of Jordan, the rulers of Qatar and Dubai, presidents of Ukraine, Kenya and Ecuador, the prime ministers of the Czech Republic and Lebanon, and former British prime minister Tony Blair, all appear in the secret files.

The names of more than 700 Pakistanis have been discovered in the data and the majority of them are tax residents in this country.

Prime Minister Imran Khan says government will investigate all the citizens mentioned in the Pandora Papers and appropriate action will be taken if any wrongdoing is established.

In a series of tweets on Sunday, he welcomed the Pandora Papers exposing the ill-gotten wealth of elites, accumulated through tax evasion and corruption and laundered out to financial havens.

He said the UNSG’s Panel FACTI calculated a staggering 7 trillion dollars in stolen assets parked in largely offshore tax havens.

He said his over-two decades struggle has been premised on the belief that countries are not poor but corruption causes poverty because money is diverted from being invested in our people.

He further said this resource-theft also causes devaluation, leading to thousands of poverty-related deaths.

The Prime Minister said just like the East India Company plundered the wealth of India, ruling elites of developing world are doing the same.

He said unfortunately, the rich states are neither interested in preventing this large-scale plunder nor in repatriating this looted money.

He called on the international community to treat this grave injustice as similar to the climate change crisis.

He said if unchecked, inequalities between rich and poor states will increase as poverty rises in the latter.

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