The pandora papers have been on the news for a while now. As many as 35 current and past leaders have names listed on the papers. The names are many in total that include politicians, business persons, and many institutional officers.
In Pakistan many names from the Prime Minister’s office, Armed Forces’ relatives, business persons, other politicians, and media big shots. Many of the government financial backers and others named in the papers are also reported to hold millions of dollars in their offshore accounts
According to the reports, and based on my recent article, many laws support or don’t find anything wrong with setting up offshore companies - as long as they are legal and stated in their financial statements or their returns. Or else they may face severe legal actions.
So, what names were listed by the ICIJ, International consortium of investigative journalists
As per the reports of ICIJ, the names under the most influential groups are:
The politicians were most susceptible to malpractices. The names came from ministers and many financial backers of the government. This makes the laws under the spotlight as to whether these officials will be questioned or not?
The armed forces’ relatives are influential in their rights. It doesn't put any dent or effect on the armed forces itself but their linkage to armed forces put them in the spotlight by ICIJ.
The business tycoons are the real deal when it comes down to mending the policies. Businesspersons usually bring and manage investment portfolios, so they are highly focused on abiding by the laws.
The media has the same influential power as any other segment of these groups. However, some names are shocking to know of:
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