Pandora leaks show wealth by stealth around the world

Shadowy deal: Britian’s former prime minister Tony Blair became the owner of this RM37mil Victorian building in 2017 by buying a British Virgin Islands company that held the property, according to the the Pandora Papers. ­­ — AP

IN the wake of the Panama Papers disclosures five years ago – which prompted regime change in Pakistan and a sense of discomfiture across much of the world – many of the entities handling offshore funds and shell companies came under pressure from their clients to double down on secrecy.

The strategy may have paid off in some jurisdictions, but others – from Switzerland, Panama, Dubai and Monaco to the Cayman Islands and Singapore – have been at least partially laid bare by the Pandora Papers in the biggest such leak.