A new investigation alleges government officials and celebrities in Pakistan and India have used offshore companies to hide millions. Are these legitimate business dealings or corruption of the highest order?
Pakistan’s Prime Minister Imran Khan has promised an investigation into allegations hundreds of Pakistani citizens including some in government indulged in financial wrongdoing and corruption.
Khan announced the probe on Twitter after revelations from the so-called Pandora Papers. It is a global investigation by the International Consortium of Investigative Journalists (ICIJ), that looked at how multinational corporations and rich and influential people hide their wealth in overseas territories and accounts. The papers allege Khan's Finance Minister was involved in setting up offshore companies.
Some 380 people from neighboring India also figure on the Pandora Papers list. The list includes well-known celebrities like actor Jackie Shroff, cricketing legend Sachin Tendulkar, and industrialist Anil Ambani among others. All are named for having parked assets overseas at one point or the other.
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