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Why Do PANDORA PAPERS Matter? What Do They Reveal?

A few days ago, the ICIJ (International Consortium of Investigative Journalists) revealed the Pandora Papers. These documents contain the names and financial activities of numerous influential and ultra-rich people. There are over 300 Indian citizens too, varying from billionaires to top government officials, celebrities, public figures, and sportsmen. The word "Pandora" is derived from the expression- ‘Pandora's box’ of Greek mythology which essentially denotes a source of unseen trouble. What are the Pandora papers? What do they reveal? They are 11.9 million leaked files from global corporate services firms. These documents reveal the ultimate ownership of assets settled in private off-shore trusts and investments including cash, shareholding, and real estate properties held by...

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