Pandora Papers Shed Light on US Duplicity
The documents exploded the internet when it revealed the hidden wealth of more than 300 influential and richest people in the world
The Pandora Papers released by International Consortium of Investigative Journalists (ICIJ) have revealed the duplicity of the US in stopping money laundering.
The Pandora Papers exploded the internet when it revealed the hidden wealth of more than 300 influential and richest people in the world.
Social media users have questioned the duplicity of the US in the whole offshore saga as the wealthiest people have deposited their assets there, most of which is ill-gotten.
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The bundles of documents have shone the light on how the US has become a favorite spot for offshore company holders where they park their wealth.
The Pandora leaks compiler ICIJ writes, “Over the past decade, South Dakota, Nevada and more than a dozen other U.S. states have transformed themselves into leaders in the business of peddling financial secrecy”.
The users have raised eyebrows on the duplicity of the US government as it acts as a torch-bearer of anti-money laundering efforts on one hand but on the other, the same country provides the influential people of Third World countries safe havens to hide their assets.
