PANDORA PAPERS A GLOBAL INVESTIGATION

[Uncle Joe]

THREE DOZEN TYCOONS
MET PUTIN ON INVASION
DAY. MOST HAD MOVED
MONEY ABROAD.

By Peter Whoriskey

(snip)

The invasion was a “necessary measure,” Putin told the group, according to news agencies. Alluding to the economic sanctions they would probably face from the United States and European Union, he added, “We all understand the world we live in.”

Each of the invitees was a stalwart of the Russian economy. Fourteen have ranked as billionaires. Their companies represented the nation’s key industries — oil and gas, banking, chemicals. Some have met with Putin for more than two decades.

Yet despite their ties to Putin and standing within Russia, many of them had been moving their wealth out of the country for years, documents show. Of the 37 attendees, more than half are linked directly or through a close relative to offshore companies that handled transactions worth hundreds of millions of dollars, making financial investments, issuing loans and forming family trusts, according to a Washington Post tally based on secret documents in a pair of troves known as the Pandora Papers and Paradise Papers.


President Vladimir Putin meets with leading Russian businessmen at the Kremlin on Feb. 24, the day of the invasion of Ukraine. (ALEXEY NIKOLSKY/SPUTNIK/AFP via Getty Images)

(snip)

The prevalence of offshore holdings among those invited by Putin reflects the extent to which businessmen at the pinnacle of the Russian economy have transferred wealth out of the country and come to rely on secret arrangements that make transactions difficult to track. The use of offshore companies can protect personal fortunes from investigators, tax authorities, rival tycoons, and financial predators inside the Russian state itself.


(snip)

https://www.washingtonpost.com/world/interactive/2022/offshore-putin-russia-oligarchs-pandora/

[FoxNewsSucks]

1. I'd like to take a moment to remind everyone

that the only consequences resulting from the information in the Panama Papers was that the reporter was murdered.

Oligarchs worldwide continue their stealing and scams. While paying no tax.

[Geechie]

2. Thank you for this reminder. Most people have the attention span of a gnat.