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Pandora Papers to reveal several Pakistanis’ offshore finance

MM News Staff by MM News Staff
October 3, 2021
‘Pandora Papers’ to open new Pandora’s box. (Source: Online)

‘Pandora Papers’ to open new Pandora’s box. (Source: Online)

ISLAMABAD: A new investigation by the International Consortium of Investigative Journalists (ICIJ) into international finance and tax havens, under the name of Pandor Papers, will be released to the public at 9:30pm on Sunday.

According to several media outlets, Pandora Papers are larger than the Panama Papers in terms of data collection and collaboration, made possible by the largest research team in the history of journalism in the world.

Are you ready for the #PandoraPapers?

This new investigation is our most expansive exposé of financial secrecy yet. Coming tomorrow at 12:30 p.m. EDT, 4:30 p.m. GMT., it features reporting from more than 600 journalists from 150 media outlets in 117 countries across the globe. pic.twitter.com/Ew0CnVInh9

— ICIJ (@ICIJorg) October 2, 2021

The countdown has begun as the names of several Pakistanis are said to be on the Pandora Papers. Rumour mills have started working overtime in Pakistan with some Twitter users claiming offshore companies linked with a key person have been revealed.

The ICIJ’s major investigation is said to be the result of 600 journalists in 117 countries studying for months roughly 11.9 million documents that leaked from the offshore environment. Reporters Omar Cheema and Fakhar Durrani from The News International in Pakistan were part of the investigation team.

Journalist Umar Cheema told a private news channel that the names of several Pakistanis were on the Pandora Papers. “The number of people named in the Pandora Papers is more than those named in the Panama Papers. The names are kind of interesting,” Cheema added.

Pleased to announce that @FrehmanD and I were part of a major international financial investigation which has now been concluded. Time of its publication will be announced soon.

— Umar Cheema (@UmarCheema1) October 2, 2021

The mega research into the financial world’s hidden secrets is expected to explain what some of the rich in the world did to hide their wealth and evade taxes from the states. It is said that the investigation will show the tax evasion of hundreds of former and current world leaders, businessmen, celebrities, fugitives and judges.

The project named the Pandora Papers is in reference to the Greek mythology’s character in whose box would be all the ills of humanity.

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