Pandora Papers

Article

October 28, 2021

The Pandora Papers (in Spanish "Pandora Papers") [1] are a set of 11.9 million leaked documents, which the International Consortium of Investigative Journalists (ICIJ, for its acronym in English) [2] has coordinated with investigative journalists from different countries to analyze and publish stories that are of public interest. His departure was announced on October 2, 2021 and the publication of linked notes began on October 3. The organization described the document leak as its largest financial secret leak to date. In the Pandora Papers, the ICIJ worked with 11.9 million documents (2.94 terabytes), which makes this the largest data leak of offshore companies, surpassing the Panama Papers, which were a leak of 11 , 5 million confidential documents (2.6 terabytes). [3] The information is related to various offshore accounts of personalities, politicians and people with large amounts of money. Some of the people named in the report face charges of corruption, money laundering or tax evasion. [4]

Main findings

As described in the first media that exposed the investigation of “financial secrets of 35 world leaders, of more than 330 public officials from some 90 countries, of businessmen that appear in the Forbes rankings, and a long list of evaders who operated in the shadows. ”[5] As stated, owning an offshore company is not necessarily illegal, but it can serve as a cover for various crimes, such as money laundering or terrorism. The different journalists who participated in the analysis of the information, managed to determine that there are links between offshore companies and political leaders, businessmen, people linked to finance as well as artists. It was determined that "35 world leaders hid their fortune in tax havens." [6] Among these are King Abdullah II of Jordan, the Prime Minister of the Czech Republic Andrej Babis, and the presidents of Chile and Ecuador, Sebastián Piñera and Guillermo Lasso, respectively. Among the celebrities linked to this leak are Shakira, Pep Guardiola, [7] Julio Iglesias, [8] Chayanne, [9] Claudia Schiffer, [10] Ringo Starr, Elton John or the writer Mario Vargas Llosa. [11]

Signatures involved

The leaked files come from 14 offshore service providers law firms, which help their clients create companies in secret jurisdictions. [12]

Media analysis

Argentina

Those involved in offshore companies include various people, such as those linked to politics (Jaime Durán Barba, Zulemita Menem, Mariano Macri), [13] as well as people linked to causes of political corruption (Daniel Muñoz, Ernesto Clarens, Cristina Kirchner). [14] At the same time, personalities linked to sports circles such as Javier Mascherano, Ángel Di María and Humberto Grondona also appear. [15]

Chile

Families of entrepreneurs mentioned

In the leak, various families of Chilean businessmen are mentioned, among them that of the President of the Republic, Sebastián Piñera. [16] The Morel, Luksic, Délano Méndez, Cortés Solari and Cueto Plaza families also appear in the documents, as well as Leonardo Farkas, Holger Paulmann, Óscar Aitken (Augusto Pinochet's executor) and the shareholders of AFP PlanVital. [17]

Constitutional accusation against Sebastián Piñera and judicial investigation

As a result of Sebastián Piñera's participation in the documents revealed in the case, the parliamentary opposition announced on October 5, 2021, the presentation of a constitutional accusation to dismiss him as President of the Republic. [18] The 4th of o

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