Paradise Papers

CLOSE A trove of leaked offshore investment documents, dubbed the ‘Paradise Papers’, exposes hidden banking activities of some of the world’s wealthiest people. Samantha Vadas reports. Video provided by Reuters Newslook U.S. Secretary of Commerce, Wilbur Ross addresses delegates at the annual Confederation of British Industry (CBI) conference in east London, on Nov. 6, 2017.(Photo: […]

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A billionaire businessman who featured in the Paradise Papers exposé is under investigation by the US authorities on suspicion of bribing high ranking government officials in the Democratic Republic of the Congo. A court ruling reveals for the first time that Dan Gertler, a close friend and adviser to the DRC president, is a key […]

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A sweeping media crackdown in Turkey has blunted civil society and left journalists facing censorship, dismissal, and arrest, said U.S. magazine The Atlantic. In 2017, Pelin Ünker reported for Cumhuriyet, one of Turkey’s oldest newspapers, that the family of Binali Yıldırım, then prime minister, owned vast offshore holdings. Yıldırım admitted the revelations were true, yet […]

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The activities of Glencore Plc, the world’s biggest commodity trader, are under scrutiny after a massive leak of confidential information from offshore law firm Appleby Global Group Services Ltd. Glencore was one of the top clients of Appleby, which even had a “Glencore Room” at its Bermuda office that kept information on the trader’s 107 […]

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Out of sight, a powerful industry has been developing since the 1980s in tax havens across the globe. By following the money, we can start to grasp the costs that these territories impose on the economies of other countries. The data that offshore centres publish is far from comprehensive, and our system for measuring household […]

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Emil Eifrem was driving home from his goddaughter’s fifth birthday party in Gothenburg, Sweden, when his phone started buzzing. A stream of notifications alerted him to the Paradise Papers, a massive leak which showed how the world’s richest people use offshore havens to shield their wealth. “I switched seats with my wife,” he said. “We […]

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Donald Trump, the biggest attraction at the 2018 Davos jamboree, resorted to a satellite link-up and his favourite social media platform to keep in touch – after he decided in recent weeks to cancel his appearance and that of other top White House officials, amid a government shutdown. The US president allowed his secretary of […]

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The BBC reporter had one question for Lord Ashcroft as he gingerly approached the conservative party donor at a conference hall in October. “Did you have tens of millions in an offshore trust that you secretly control, sir?” the reporter asked. “Dear, dear, dear…” started muttering the interviewee. That’s when the chase began. For two […]

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A sobering new report by the charity Oxfam has laid bare the stunning levels of global wealth inequality. According to the report, published Monday, billionaires have never had it better. The combined riches of the world’s 26 most wealthy billionaires equals $1.4 trillion — this is equal to the total wealth of the bottom 3.8 […]

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