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The hidden treasures of hundreds of the richest and most powerful people in the world have been revealed in one of the world’s largest economies.
The economic experiences of many world leaders, from King Abdullah of Jordan to former Prime Minister of the United Kingdom Tony Blair, have been described in detail, showing how the world’s richest people use the sea taxis to save and move their money.
Notes, which were it was revealed that The International Consortium of Investigative Journalists and shared with a few media organizations, including the Financial Times, was called “Pandora Papers”. They come from 14 maritime organizations and own more than the Panama Papers, which were released in 2016 from law firm Mossack Fonseca.
According to media reports, the papers show how King Abdullah II secretly bought over $ 100m in London, Washington and Malibu, California.
King is said to be used a network of marine accounts to buy three nearby Malibu sites for about $ 70m between 2014 and 2017. In the middle, the paper said, there are seven bedrooms, nine bathrooms, a gym, a video and a swimming pool.
The US provided more than $ 1.5bn to Jordan in 2020 – even the emperor’s lawyers told reporters he had not misused government aid or funding.
Tony and Cherie Blair, meanwhile, took over a $ 6.5m office in Marylebone in 2017 by buying British Virgin Islands company Zared bin Rashid Alzayani, Bahraini prime minister. The sale saved them £ 312,000 in property taxes.
Cherie Blair told the Guardian there was no “strange or hidden thing in any of this”, adding that they did not know the sellers before buying the property.
According to the documents, a Russian woman who is said to have been friends with Vladimir Putin, Russian President, became the owner of a luxury home in Monte Carlo in 2003, just weeks after giving birth. The house, which cost € 3.6m and included two car parks and a pool, was purchased through a company on the British Virgin Islands.
Neither the Kremlin nor the woman, Svetlana Krivonogikh, did not respond to a request from the media to comment.
Ilham Aliyev, the 13-year-old president of Azerbaijan, says he is also mentioned in the letters, which describe in detail how his foreign-affiliated companies and affiliates have sold nearly £ 400m worth of goods in the UK. The couple bought 17 properties, including the London office for London for an 11-year-old boy.
Aliyev’s family did not respond to a request from the media to comment.
Others who are being lined up with maritime companies include Andrej Babis, the Czech Prime Minister who is due to be re-elected this week. The ICIJ said Babis spent $ 22m through bullet-proof gaming at a site called Chateau Bigaud in southern France.
Babis declined to comment on the purchase when we meet about this by a BBC reporter.
According to the ICIJ, more than 330 politicians and officials have been named in the list – including 35 leaders in the country.
This was from 14 foreign suppliers in Panama, Seychelles, Hong Kong, the British Isles, Belize, Cyprus, Switzerland and the UAE.
The documents also include information on beliefs in several US countries, including South Dakota, Florida and Delaware – which have become popular destinations for billions who want to invest in recent years.
South Dakota allows people to avoid taxes by depositing money in trustees, as well as to hide from everyone – including those who will benefit. South Dakotan trust funds totaled more than $ 367bn at the end of last year, According to Department of Labor and Law.