ISLAMABAD – On Sunday, the International Consortium of Investigative Journalists (ICIJ) published Pandora Papers (Panama-2) in a similar fashion to the Panama Papers.

The Pandora Papers, an investigation into financial secrets kept by high-profile persons throughout the world, includes the identities of more than 700 Pakistanis, according to sources.

Key politicians, including federal cabinet officials and opposition party leaders, “have covertly controlled an assortment of firms,” according to the stolen records.

The Pandora Papers include the names of Finance Minister Shaukat Tarin, Minister for Water Resources Moonis Elahi, Senator Faisal Vawda, Ishaq Dar’s son, PPP’s Sharjeel Memon, Minister for Industries and Production Khusro Bakhtiar’s brother, and PTI leader Abdul Aleem Khan, among others, who have alleged ties to offshore companies.

The Pandora Papers also identify Axact CEO Shoaib Sheikh, Raja Nadir Pervez, Mohammad Ali Tabba, Mir Khalid Adam, and other commercial and financial figures.

The Pandora leaks also revealed the identities of two sons of former air chief Abbas Khattak, Hassan Latif, son-in-law of Lt Gen (retd) Khalid Maqbool, businessman Tariq Saeed Sehgal, and wife of Lt Gen (retd) Shafaat Ullah.

Omer Bakhtyar used an offshore corporation to transfer a $1 million condominium in his mother’s name. Omar moved a flat in the Chelsea neighbourhood of London under his mother’s name in 2018. Shaukat Tarin and his family have four offshore businesses, according to Pakistani celebrities.

Aleem Khan has one offshore firm, Sharjeel Memon has three, Ali Dar has two, Monis Elahi has two, and Faisal Vawda has one.

According to the Pandora Papers, Faisal Vawda established an offshore company in 2012 to invest in UK properties. The records also revealed that the son of Waqar Masood Khan, the former finance adviser to the prime minister, owned a firm in the British Virgin Islands.

The confidential records also reveal the offshore activities of Jordan’s King Abdullah, Qatar’s ruler, Ukraine’s, Kenya’s, and Ecuador’s presidents, the Czech Republic’s prime minister, and former British Prime Minister Tony Blair.
Jordan’s king covertly spent more than £70 million ($100 million) on a property empire in the United Kingdom and the United States.

Since assuming power in 1999, Abdullah II bin Al-Hussein has utilised a network of privately held businesses to acquire 15 houses, according to leaked financial papers.

Houses in Malibu, as well as London and Ascot in the United Kingdom, were among them.
The documents also reveal the financial dealings of Russian President Vladimir Putin’s “unofficial minister of publicity” and over 130 billionaires from Russia, the United States, Turkey, and other countries.

More than 11.9 million documents comprising 2.94 terabytes of sensitive material were obtained by the International Consortium of Investigative Journalists (ICIJ) from service providers that helped set up and run offshore corporations and trusts in tax havens throughout the world.

The Panama Papers, which were published in 2016, featured the identities of 444 Pakistanis.

Even the Panama Papers inquiry from 2016 paled in comparison to this worldwide probe. This research enlisted the help of 600 journalists and 150 media organisations from 117 countries.

According to the International Consortium of Investigative Journalists (ICIJ), the Pandora Papers project has financial information of prominent figures from 117 nations, including Pakistan. The Pandora Papers probe also includes two Pakistani journalists.

Pakistani names in the Pandora Papers:

Finance Minister Shaukat Tarin

PTI leader Abdul Aleem Khan

Federal minister Moonis Elahi

Senator Faisal Vawda

Son of PMLN’s Ishaq Dar

Sharjeel Inam Memon of PPP

Brother of Minister Industries Khusro Bakhtiar

Son of former SAPM Waqar Masood

Shoaib Shaikh of Axact

International leaders in the Pandora Papers:

Shah Abdullah of Jordan

Tony Blair, former prime minister of the UK

Qatar’s ruler

Leaders of Ukraine, Kenya, and the Czech Republic

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