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23 Dec, 13 tweets, 9 min read
It hasn’t even been three months since we launched the #PandoraPapers with 600 reporting partners but the global fallout has been fast and furious since.

🧵 Here’s an end-of-year recap on the key developments and what we’ll be keeping our eyes on in 2022. bit.ly/3Jguad6
Since making headlines by exposing the offshore financial activities of world leaders in the #PandoraPapers, heads-of-state and other officials have scrambled to hold on to their jobs against impeachment bids, elections, and probes. bit.ly/3Jguad6
🇨🇱 Chilean President Sebastián Piñera was impeached by lawmakers over #PandoraPapers revelations but survived a Senate vote to remove him from office. bit.ly/30uHhWe

🇪🇨 Ecuadorian President Guillermo Lasso also survived an impeachment effort. bit.ly/3ECSCmo
🇨🇿 Czech Republic Prime Minister Andrej Babis was still leading in the polls days after the #PandoraPapers revealed that he used shell companies in tax havens to buy a chateau on the French Riviera, but ended up losing re-election by less than 1% of votes. bit.ly/3Jguad6
🗳️ It wasn’t the only major race in which the ruling party faced blowback from politicians’ links to the #PandoraPapers.

Recent election outcomes in Chile and Honduras are part of a historic political swing left in Latin America. bit.ly/3Jguad6
🔎 After being named in the #PandoraPapers, major political figures saw official inquiries or summons to answer questions about their offshore dealings in Montenegro, Ukraine, Brazil, Colombia and more. bit.ly/3Jguad6
The #PandoraPapers provoked a global wave of demands for officials to investigate evidence of financial crime, tax evasion and more.

At least 19 probes and inquiries were launched by the European Parliament, Europol and authorities in 15 countries. bit.ly/3Jguad6
By offering an unprecedented look at rising secrecy jurisdictions in the United States and the United Arab Emirates, in addition to well-known tax havens, the #PandoraPapers is changing the global conversation on reforming the “offshore” economy. bit.ly/3Jguad6
ICIJ has also begun publishing data unmasking the beneficial owners of more than 15,000 offshore entities from the #PandoraPapers in the #OffshoreLeaks database.

More revelations are expected to surface as regulators and citizens explore the new data. bit.ly/3H9nlZe
After similar data from ICIJ’s #PanamaPapers investigation was released five years ago, governments around the world recouped more than $1.36 billion in back taxes and penalties as a result of the findings. bit.ly/3yTDFu0
The #PandoraPapers also provoked pushback and censorship from high-level officials, business people and shadowy operatives in several countries.

Many of our reporting partners around the world have faced intense backlash for investigating the leak. bit.ly/3JeFZ3p
And this is just the beginning. ICIJ and our global journalism network will continue to publish #PandoraPapers investigations in the new year.

📧 You can follow along by subscribing to our free e-newsletter. bit.ly/3Eihxus
🎁 And please consider donating to ICIJ!

It’s the best time of year to give because all contributions will be *matched* by Dec. 31 — meaning your gift will go 2x as far in supporting our network’s fearless brand of collaborative investigative journalism. bit.ly/3DWjXjf

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More from @ICIJorg

20 Dec
NEW: The #PandoraPapers offer an unprecedented look at Wyoming’s discreet financial sector, exposing global elites who have abandoned offshore havens around the world for secrecy tools offered exclusively in the US state.

Our latest w/@washingtonpost: bit.ly/3e7mLPd
For years, anti-money laundering experts and law enforcement have warned federal and state lawmakers that suspect money was flowing into US tax havens.

Experts now rank Wyoming as one of the least restrictive trust jurisdictions in the world. bit.ly/3e7mLPd
#PandoraPapers show the movement of wealth around the world into Wyoming trusts, whose clients include:
♦️Russian oligarch Igor Makarov
♦️Kalil Haché Malkún—former estate manager to brutal Dominican dictator Rafael Trujillo
♦️An Argentinian beverage tycoon bit.ly/3e7mLPd
Read 13 tweets
15 Dec
NEW in #PandoraPapers, w/@washingtonpost & @TorontoStar: We dig into a billion-dollar real estate venture, part of an unprecedented flow of global finance into US suburbs — and the effect on residents when secret investors cash in on the American dream. 🧵bit.ly/3F5un0w
#PandoraPapers reveals the investors and business plan behind Progress Residential — one of the largest owners of single-family homes in the US and corporate landlord to tens of thousands of families — which is owned by investment firm Pretium Partners. bit.ly/3F5un0w
Pretium was founded by Don Mullen, known for Goldman Sachs’ “big short” before the 2008 housing crash.

#PandoraPapers shows his pitch to investors to profit off the resulting foreclosure crisis by buying up cheap homes for big returns and minimized taxes. bit.ly/3F5un0w
Read 19 tweets
6 Dec
💡 It’s here! To bring more transparency to the hidden financial maneuvers of the offshore world, ICIJ is making #PandoraPapers data free and available for all to explore in the #OffshoreLeaks Database. bit.ly/3drRVQK
The #PandoraPapers is the most expansive leak of tax haven files in history, containing confidential information from 14 offshore service providers.

Today, we’re releasing structured data from two of those firms: Alcogal and Fidelity. bit.ly/35o4APG
The #PandoraPapers’ 11.9 million records was the most complex offshore leak ICIJ has ever tackled.

Only 4% of the files were structured. We spent months exploring and analyzing them, extracting beneficial ownership and other information. bit.ly/3uDaSrm
Read 12 tweets
22 Nov
NEW: #PandoraPapers show how executives and investors of accused corporate polluters use shell companies and trusts in secrecy jurisdictions to multiply profits, avoid taxes or shield wealth from authorities, courts and concerned communities. bit.ly/3HFbYJD
Last month, ICIJ reporter @shirafu’s investigation revealed the hidden wealth of execs at Solvay, a chemicals and plastics giant.

Her new #PandoraPapers report shows offshore moves by leaders at other companies accused of major environmental violations. bit.ly/30RcrHV
🇮🇳 Plants owned by Indian pesticide maker UPL have seen a string of environmentally harmful incidents, including a deadly explosion earlier this year.

#PandoraPapers show the offshore holdings of UPL, which is facing an ongoing tax evasion investigation. bit.ly/3HFbYJD
Read 9 tweets
16 Nov
NEW: Amid its rise as a major global financial hub, the United Arab Emirates has also become a thriving offshore destination. The #PandoraPapers provide an unprecedented look at how the Emirates operate as a secrecy haven and conduit for dirty money. 🧵bit.ly/3CmTp98
ICIJ reporter @mokhbersahafi traveled to the UAE to investigate offshore companies created within Dubai’s corporate enclave and the role that the country’s six royal families play in its economy and its offshore financial industry. bit.ly/3CmTp98
In #PandoraPapers, @mokhbersahafi & @michaelwhudson show how the UAE has become a nexus for financial crime. Its offshore industry’s clients include internet moguls who moved hundreds of millions for child porn traffickers, heroin dealers & other lowlifes. bit.ly/3CmTp98
Read 9 tweets
3 Nov
NEW: The #PandoraPapers show how billions of dollars are being poured into real estate by the rich and famous, whose ownership is obscured by shell companies, trusts, and other offshore entities — fueling inequality and driving up prices around the world. bit.ly/3bFy2oB
Some of the most high profile cases to emerge from the #PandoraPapers involve offshore real estate transactions, including Jordanian King Abdullah’s luxury properties valued at $100 million, and outgoing Czech PM Andrej Babis’ secret French chateau.
bit.ly/3bFy2oB Image
Why are officials, celebrities, oligarchs and other elites scooping up real estate via offshore vehicles? By purchasing properties through a shell company, buyers can secure tax breaks and hide their identities from law enforcement, creditors & the public. bit.ly/3bFy2oB Image
Read 6 tweets

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