A new report sheds light on how world leaders, powerful politicians, billionaires, and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century. The report by the International Consortium of Investigative Journalists brought promises of tax reform and demands for resignations and investigations, as well as explanations and denials from those targeted. The investigation, dubbed the Pandora Papers, was published late Sunday and involved 600 journalists from 150 media outlets in 117 countries. Hundreds of politicians, celebrities, religious leaders, and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts, and other assets, according to a review of nearly 12 million files obtained from 14 firms located around the world. Much of the activity did not appear to be illegal. The more than 330 current and former politicians identified as beneficiaries of the secret accounts include Jordan’s King Abdullah II, …
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