World leaders scramble to limit 'Pandora Papers' damage

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Governments moved Monday to limit the fallout from a release of millions of documents detailing how leaders have used offshore tax havens to hide assets worth hundreds of millions of dollars.

Some 35 current and former leaders are featured in roughly 11.9 million documents leaked from financial services companies across the world, known as the "Pandora Papers".

Jordan was also keen to play down the revelations, which exposed how King Abdullah II created a network of offshore companies and tax havens to amass a $100 million property empire from California to London. And the documents also show how Czech Prime Minister Andrej Babis -- who faces an election later this week -- failed to declare an offshore investment company used to purchase a chateau worth $22 million in the south of France.

Alcogal, whose clients allegedly included the Jordanian monarch and Czech prime minister, rejected accusations of shady dealings.

 

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Reminder, the journalist who exposed the Panama Papers was later assassinated.

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