Pandora Papers | #ICIJ

The world is all set to dive into the Pandora's box of offshore finances as a new investigation by the International Consortium of Investigative Journalists (ICIJ) into international finance and tax havens will be released to the public at 9:30 pm on Sunday. The ICIJ’s major investigation titled: “The Pandora Papers”, 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. The countdown has begun as the names of several Pakistanis are said to be on the Pandora Papers. Late on Saturday, the ICIJ announced that it was going to release the “most expansive exposé of financial secrecy yet”. In 2016, ICIJ had released the Panama Papers, which took the world by storm and eventually led to the downfall of governments, including that of Nawaz Sharif. 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. The Panama Papers was a giant leak of more than 11.5 million financial and legal records exposing a system that enables crime, corruption and wrongdoing, hidden by secretive offshore companies. Reportedly, the Pandora Papers is a result of the new massive leak of financial files that exposes how the global elite transfers money to tax havens by secret companies. It is said that the investigation will show the tax evasion of hundreds of former and current world leaders, businessmen, celebrities, fugitives and judges.