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Banking leak opens Pandora’s box of offshore accounts

More than 400 Australians have been named in a massive leak of offshore company and banking details which has revealed secret investments, real estate deals and artworks of celebrities, politicians and business figures who control more than $1 trillion in assets.

The documents – the largest leak of offshore files in history – identify at least 14 current heads of state and 21 former heads of state among a total of 330 politicians who control offshore trusts and companies, including Czech Prime Minister Andrej Babis, former British PM Tony Blair and Jordan’s King Adbullah.

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Neil Chenoweth was a senior writer for The Australian Financial Review

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    Original URL: https://www.afr.com/wealth/personal-finance/banking-leak-opens-pandora-s-box-of-offshore-accounts-20211003-p58wqj