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ICIJ

10 Oct, 11 tweets, 10 min read

Catching up on the #PandoraPapers? In the week since our 600+ journalism partners began publishing revelations from history's biggest offshore data leak, we’ve seen fallout all around the world.

Here’s a quick walk-through of key findings. #SundayRead 🧵
bit.ly/3DhIsGP

First of all, what do we mean by “offshore”?

The #PandoraPapers kick the door open on a secretive financial system that allows the wealthy and well-connected to set up covert companies across borders in tax havens, where the ownership of money and assets can be easily hidden.

🌴 In popular imagination, the offshore system is often seen as a far-flung cluster of palm-shaded islands.

The #PandoraPapers show that the offshore money machine operates in every corner of the planet, including the world’s largest democracies. bit.ly/3DhIsGP

What makes this different than previous ICIJ projects like the #PanamaPapers and #ParadisePapers?

#PandoraPapers is the most expansive leak of tax haven files ever, containing 2.94 TB of confidential information from 14 different offshore service firms. bit.ly/2YCSh33

What did we uncover in the #PandoraPapers? The secret financial activities of tycoons, billionaires, criminals, and celebrities, and perhaps most notably: hundreds of politicians — including 35 current and former world leaders.

Some of the top political figures featured in the #PandoraPapers include:
🇯🇴 King Abdullah II of Jordan:
bit.ly/3lgu5w1
🇰🇪 Kenyan President Uhuru Kenyatta:
bit.ly/3F9wIrD
🇷🇺 Members of Russian President Vladimir Putin’s inner circle: bit.ly/3BtwkBZ

#PandoraPapers also reveal the offshore activities of:
🇨🇿 Czech PM Andrej Babis, whose party lost re-election yesterday:
bit.ly/2YyZuBB
🇵🇰 Key associates of Pakistani PM Imran Khan:
bit.ly/3mI9ArA
🇱🇰 Sri Lankan ruling family members:
bit.ly/3uCz2m2

We profiled more than 50 of the biggest political names to appear in the #PandoraPapers, and what the files show they did offshore, in the Power Players interactive: bit.ly/3aF6Dml

🇺🇸#PandoraPapers also expose more on the U.S. as a tax haven that fuels the offshore economy than any leak before. More about —
🔴 The trust industry:
bit.ly/3B9TNYR
🔴 A key offshore destination for Americans:
bit.ly/3FgxoeU
🔴 Big law:
bit.ly/3FrEduf

This system's societal costs go beyond unpaid taxes, #PandoraPapers show. See how the offshore world is linked to
🔴 Contamination in factory towns:
bit.ly/3iPsjQT
🔴 Low-income U.S. renters:
bit.ly/2WHfgcq
🔴 Cambodia’s looted heritage:
bit.ly/3lrZvQ8

And that’s just an overview of what we’ve exposed in the first week of #PandoraPapers revelations.

Sign up to ICIJ’s weekly newsletter to get all the latest news and scoops related to the investigation delivered straight to your inbox. 📧 bit.ly/3Bts9Go

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ICIJ

@ICIJorg

8 Oct

🇨🇱 Chilean President Sebastián Piñera will be criminally investigated due to a contract uncovered in the #PandoraPapers, authorities say.

It's been 5 days since our 600+ global partners began publishing findings. Here's a recap of the fallout so far.🧵bit.ly/3Bp8cjV

🇺🇸 Today, U.S. lawmakers introduced the Enablers Act, a bipartisan bill that would require a broad array of professional middlemen to do more to stop the flow of dirty money, crediting #PandoraPapers findings for highlighting the urgent need for reform. bit.ly/3mAoUGX

🇨🇿 All eyes are on the Czech Republic, where the national election has begun days after incumbent Prime Minister Andrej Babis was revealed to have used shell companies to purchase a $22 million French chateau in 2009.

Our #PandoraPapers investigation:
bit.ly/3uTbb1z

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5 Oct

We’ve shared what the #PandoraPapers reveal about world leaders and the elite western institutions that benefit from and fuel the offshore economy.

But how does this system affect everyone else?🧵
(Spoiler: It’s not just tax revenue we’re missing out on.)
bit.ly/3DhIsGP

The #PandoraPapers leads we investigated uncover the societal costs of letting the rich and powerful shield their wealth from view — and how the rule of law has been bent and broken around the world by a system of financial secrecy enabled by the U.S. and other wealthy nations.

The ICIJ team spent months reporting all over the world to understand how the offshore financial maneuvers we were seeing in the #PandoraPapers impact everyday people and communities. Here are some of those stories...

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4 Oct

It’s been just one day of #PandoraPapers revelations and we've seen swift reactions to our findings, especially with world leaders from the Czech Republic, Pakistan, Russia, Jordan and Kenya. bit.ly/3owbPkz

But many have been asking: Where's the U.S. in all this? 🇺🇸 🤔

NEW: #PandoraPapers say more about financial secrecy in the U.S. than any offshore leak has before — by exposing its role as a destination for international elites to stash their wealth with a level of protection beyond what's offered by other tax havens. bit.ly/2YsHW9X

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In #PandoraPapers, ICIJ and the @washingtonpost together examined the most significant set of records ever made public from inside America’s growing trust industry, where different states compete to lure wealth by offering secrecy. bit.ly/3owbPk

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4 Oct

BREAKING: World leaders and the Kremlin react to the first day of #PandoraPapers revelations, as authorities in at least eight countries announce investigations into the financial activities of some of their most high-profile citizens. icij.org/investigations…

🇨🇿 Ahead of this week's election in the Czech Republic, Prime Minister Andrej Babis is asked about #PandoraPapers revelations in a TV debate, as authorities say they will investigate him and others named in the leaked files.

Our findings on Babis here: icij.org/investigations…

🇷🇺 Vladimir Putin’s spokesperson dismissed the #PandoraPapers as “unsubstantiated claims," saying no hidden wealth was found in the Russian president’s inner circle.

Several associates, including a woman he was allegedly involved with, appear in the files.bit.ly/2YfugyG

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3 Oct

NEW: #PandoraPapers reveals the inner workings of a shadow economy that benefits the wealthy and well-connected at the expense of everyone else.

Brought to you by ICIJ and 600+ journalists, the largest collaboration in journalism history. 🧵 bit.ly/3uD1T9R

The #PandoraPapers contain 12M documents from 14 service providers.

Our investigation uncovers the financial secrets of 35 current and former world leaders, 330+ politicians and public officials, and a global list of fugitives, con artists and murderers. bit.ly/3a2KPk0

The #PandoraPapers unmask the covert owners of offshore companies, incognito bank accounts, private jets, yachts, mansions and famous artwork — providing more information than what’s usually available to law enforcement and cash-strapped governments. bit.ly/3a2KPk0

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