Advertisement
Advertisement
Advertisement
Advertisement
PM vows to investigate citizens mentioned in ‘Pandora Papers’

PM vows to investigate citizens mentioned in ‘Pandora Papers’

PM vows to investigate citizens mentioned in ‘Pandora Papers’
Advertisement

ISLAMABAD: Prime Minister Imran Khan on Sunday promised Sunday to “investigate” all Pakistani citizens connected to a massive probe into the hidden wealth of politicians worldwide, after members of his inner circle were implicated in the report.

The so-called “Pandora Papers” investigation – involving some 600 journalists from media including The Washington Post, the BBC and The Guardian – is based on the leak of some 11.9 million documents from 14 financial services companies around the world.

Some 35 current and former world leaders are featured in the documents analyzed by the International Consortium of Investigative Jour1nalists (ICIJ) — facing allegations ranging from corruption to money laundering and global tax avoidance.

“We welcome the Pandora Papers exposing the ill-gotten wealth of elites, accumulated through tax evasion & corruption & laundered out to financial ‘havens,'” Khan said in a long Twitter thread.

“My govt will investigate all our citizens mentioned in the Pandora Papers & if any wrongdoing is established we will take appropriate action. I call on the international community to treat this grave injustice as similar to the climate change crisis.”

PM said that global poverty levels were fueled by corruption in tax havens, which he said divert funds away from the general public.

He also slammed wealthy countries for not being “interested in preventing this large-scale plunder nor in repatriating this looted money.”

Advertisement

The “Pandora Papers” are the latest in a series of mass ICIJ leaks of financial documents, from LuxLeaks in 2014, to the 2016 Panama Papers, the Paradise Papers in 2017 and FinCen files in 2020.

One of PM Imran’s predecessors, Nawaz Sharif, was ousted by the country’s Supreme Court in 2017 over allegations made in the Panama Papers.

In total, the ICIJ found links between almost 1,000 companies in offshore havens and 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others.

In most countries, the ICIJ stresses, it is not illegal to have assets offshore or to use shell companies to do business across national borders.

Also Read

Pandora Papers: Shaukat Tarin, Moonis Elahi among 700 Pakistanis named in leaks
Pandora Papers: Shaukat Tarin, Moonis Elahi among 700 Pakistanis named in leaks

The International Consortium of Investigative Journalists (ICIJ) exposed “Pandora Papers” — major...

Advertisement
Advertisement
Read More News On

Catch all the Pakistan News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story