“We welcome the Pandora Papers exposing the ill-gotten wealth of elites, accumulated through tax evasion & corruption & laundered out to financial ‘havens’. The UN SG's Panel FACTI calculated a staggering $7 trillion in stolen assets parked in largely offshore tax havens,” Khan tweeted, adding: “My govt will investigate all our citizens mentioned in the Pandora Papers & if any wrongdoing is established, we will take appropriate action. I call on the international community to treat this grave injustice as similar to the climate change crisis.”
“If unchecked, inequalities between rich & poor states will increase as poverty rises in the latter. This, in turn, will lead to a flood of economic migration from the poor to the rich states, causing further economic & social instability across the globe,” Khan warned.
The Pandora Papers have revealed the inner workings of a shadow economy that benefits the wealthy and well-connected at the expense of everyone else, according to the International Consortium of Investigative Journalists (ICIJ).
Millions of leaked documents and the biggest journalism partnership in history have uncovered financial secrets of 35 current and former world leaders, more than 330 politicians and public officials in 91 countries and territories, and a global lineup of fugitives, con artists, and murderers.
The secret documents expose offshore dealings of the King of Jordan, the presidents of Ukraine, Kenya and Ecuador, the prime minister of the Czech Republic and former British Prime Minister Tony Blair. The files also detail the financial activities of Russian President Vladimir Putin’s “unofficial minister of propaganda” and more than 130 billionaires from Russia, the United States, Turkey and other nations. (ILKHA)
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