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Paradise Papers

SECP to investigate assets of Pakistanis named in ‘Paradise Papers’

ISLAMABAD: The Security & Exchange Commission of Pakistan (SECP) has decided to investigate assets of those Pakistani citizens, whose names have been appeared in recent Paradise Papers leaks. As many as 135 Pakistanis have been named in the second largest global leak for stashing wealth abroad through their investments in offshore tax havens. According to SECP Acting Chairman Zafar Abdullah, the investigation has been started under its rules and regulations. In light of Form 29 of the SECP regulations, the…

EU denounces ‘shocking’ Paradise Papers revelations

BRUSSELS: The European Union on Monday denounced as "shocking" revelations on the way top companies and dignitaries, including Britain's Queen Elizabeth II, avoid taxes using offshore wealth hubs. EU finance ministers meeting for regular talks in Brussels are due to discuss the practice on Tuesday after a trove of leaked documents exposed the great lengths the global elite will go to avert paying a fair tax. The findings have emerged as part of the Paradise Papers released late Sunday by the US-based International…

These Pakistani politicians, businessmen named in Paradise Papers

KARACHI: The International Consortium of Investigative Journalists (ICIJ) leaked a fresh series of 13.4 million documents naming some Pakistani politicians and business tycoons among the most influential people around the world involved in stashing money abroad through their investments in offshore tax havens, ARY News reported on Monday. The Paradise Papers shedding light on how two firms; Bermuda’s Appleby and Singapore’s Asiaciti Trust, help the global rich and powerful move their money abroad, hitting headlines…

Amitabh to Manyata Dutt among 714 Indians named in Paradise Papers

Just a year after the explosive Panama Papers, a new cache of 13.4 million documents likely to expose some more names of the wealthiest and influential people around the world stashing their wealth abroad to evade taxes. In the latest leak, it has been learnt that various celebrities across the world have been involved in hiding the wealth to evade taxes. Manyata Dutt – spouse of Indian actor Sanjay Dutt – a corporate lobbyist by profession is also among the names appeared in the Paradise papers, besides Amitabh…

What are Paradise Papers? A brief guide to second largest leak

As the inclusion of former Prime Minister Shaukat Aziz in the ‘Paradise Papers’ hit headlines on Monday, the masses begin to show curiosity about it. Here is a brief exposé of the leaked papers.  The Paradise Papers are the second largest leak obtained by German newspaper Süddeutsche Zeitung and investigated by the International Consortium of Investigative Journalists (ICIJ) reveals how two firms; Bermuda’s Appleby and Singapore’s Asiaciti Trust, help the global rich and powerful move their money abroad. The leak…

Paradise Papers leaks show US commerce chief’s ties to Putin-linked businesses

WASHINGTON: US Commerce Secretary Wilbur Ross has business ties to a shipping firm linked to Vladimir Putin's inner circle, leaked documents showed Sunday. Ross, a billionaire investor, holds a 31 percent stake in Navigator Holdings through a complex web of offshore investments detailed in leaked documents from a law firm examined by nearly 100 news organizations as part of an international collaboration. The 79-year-old reduced his stake when he took public office, according to public filings. Navigator Holdings…

After Panama Papers, Paradise Papers reveal hidden wealth of world leaders!

The International Consortium of Investigative Journalists (ICIJ), the body of journalists responsible for revealing the Panama Papers a year ago, on Sunday made new revelations regarding offshore companies of more than 120 politicians and world leaders including former prime minister Shaukat Aziz, US Secretary of State Rex Tillerson and Britain's Queen Elizabeth II. The trove of 13.4 million records has been dubbed the Paradise Papers. "The documents speak for themselves. The kind of patterns we saw with the Panama…