Honourary Vice President of Imani Africa and Chief Executive Officer of mPedegree, Bright Simons has spoken on the Pandora Papers leaks that indict high notch Ghanaian politicians.
In a tweet on Monday October 4, he stated “The International Consortium of Investigative Journalists claim that the Pandora Papers constitute the largest leak of confidential documents to the press ever. 3 Ghanaian politicians, 10 from Nigeria & 2 from Kenya are implicated. 49 African politicians in total are mentioned.”
The Pandora papers is the largest ever leak of offshore information which exposes monetary secrets and techniques of wealthy and highly effective world wide.
The secret offers and hidden property of a few of the world’s richest and strongest individuals have been revealed within the largest trove of leaked offshore information in historical past.
Branded the Pandora papers, the cache consists of 11.9m recordsdata from corporations employed by rich shoppers to create offshore constructions and trusts in tax havens equivalent to Panama, Dubai, Monaco, Switzerland and the Cayman Islands.
They expose the key offshore affairs of 35 world leaders, together with present and former presidents, prime ministers and heads of state. They additionally shine a lightweight on the key funds of greater than 300 different public officers equivalent to authorities ministers, judges, mayors and navy generals in additional than 90 nations.
The recordsdata embrace disclosures about main donors to the Conservative occasion, elevating troublesome questions for Boris Johnson as his occasion meets for its annual convention.
More than 100 billionaires characteristic within the leaked information, in addition to celebrities, rock stars and enterprise leaders. Many use shell corporations to carry luxurious objects equivalent to property and yachts, in addition to incognito financial institution accounts. There is even artwork starting from looted Cambodian antiquities to work by Picasso and murals by Banksy.
The Pandora papers reveal the internal workings of what’s a shadow monetary world, offering a uncommon window into the hidden operations of a worldwide offshore financial system that allows a few of the world’s richest individuals to cover their wealth and in some circumstances pay little or no tax.
By Laud Nartey|3news.com|Ghana with further recordsdata from The Guardian
