Her Instagram features images of parties, friends from influential families, and trips on private jets. He and his wife, Lyudmila – who have two daughters, Masha and Katerina – divorced in 2013.Īfter the Proekt scoop was published Luiza took part in social media chat forums. Proekt has claimed Putin is Luiza’s father. Three years later, in March 2003, Krivonogikh gave birth to a daughter, Elizaveta, or Luiza. In 1998, he became the FSB spy agency chief, then prime minister, and in 2000, president as Boris Yeltsin’s successor. The scant public evidence indicates they travelled together on the same planes, for example, as Putin climbed towards power. Regardless of the exact nature of their relationship, they seem to have been close. In 2020, the investigative website Proekt – one of Russia’s few remaining independent media outlets – claimed Krivonogikh formed a friendship with Putin when he was St Petersburg’s deputy mayor. Other articles might illuminate issues of important public debate, raise moral questions, shed light on how the offshore industry operates, or help inform voters about politicians or donors in the interests of democratic accountability. That is a broad concept that may include furthering transparency by revealing the secret offshore owners of UK property, even where those owners have done nothing wrong. The Guardian is only publishing stories based on leaked documents after considering the public interest. Those who are may stand accused of a wide range of misbehaviour: from the morally questionable through to the potentially criminal. Not everyone named in the Pandora papers is suspected of wrongdoing. Moving money offshore is not in or of itself illegal, and there are legitimate reasons why some people do it. Has everyone named in the Pandora papers done something wrong? Others may go offshore for reasons of inheritance or estate planning. It is also true that people in corrupt or unstable countries may use offshore providers to put their assets beyond the reach of repressive governments or criminal adversaries who may try to seize them, or to seek to circumvent hard currency restrictions. This can make them useful to criminals, such as tax evaders or money launderers, who need to hide money from tax or law enforcement authorities. Offshore jurisdictions also tend to be highly secretive and publish little or no information about the companies or trusts incorporated there.

Although morally questionable, this kind of tax avoidance can be legal.

Offshore jurisdictions tend to have no income or corporation taxes, which makes them potentially attractive to wealthy individuals and companies who don’t want to pay taxes in their home countries. Usually for reasons of tax, secrecy or regulation. By holding those assets in an offshore company, it is possible to hide from the rest of the world the identity of the person they actually belong to, or the “beneficial owner”. Companies registered offshore can be used to hold assets such as property, aircraft, yachts and investments in stocks and shares. Their clients are typically seeking to discreetly set up companies or trusts in lightly regulated tax havens such as the British Virgin Islands (BVI), Panama, the Cook Islands and the US state of South Dakota. The 14 offshore service providers in the leak provide corporate services to individuals or companies seeking to do business offshore. In the UK, the investigation has been led by the Guardian and BBC Panorama. In order to facilitate a global investigation, the ICIJ gave remote access to the documents to journalists in 117 countries, including reporters at the Washington Post, Le Monde, El País, Süddeutsche Zeitung, PBS Frontline and the Australian Broadcasting Corporation. The ICIJ, a Washington DC-based journalism nonprofit, is not identifying the source of the leaked documents. Where did the Pandora documents come from? That makes it larger in volume than both the Panama papers (2016) and Paradise papers (2017), two previous offshore leaks. In total, the trove consists of 11.9m files leaked from a total of 14 offshore service providers, totalling 2.94 terabytes of information.

The files were leaked to the International Consortium of Investigative Journalists (ICIJ), which shared access with the Guardian, BBC and other media outlets around the world. They provide a rare window into the hidden world of offshore finance, casting light on the financial secrets of some of the world’s richest people. The Pandora papers are the largest trove of leaked data exposing tax haven secrecy in history.

Papers for a persinal sorty