A critical data leak of over 11.9 million files relating to tax matters of several rich, famous and political figures – dubbed Pandora Letter People including Elton John and Shakira have been in the headlines.
The report also included filmmaker Konstantin Ernst, a Vladimir Puting collaborator, whose credits include dovlatov And Edge. He is currently the head of the major Russian TV network, Channel One.
The report claims that, after producing the opening and closing ceremonies of the 2014 Sochi Winter Olympics, a deal was struck through offshore companies that saw them enter a deal to buy 39 aging but valuable Soviet-era cinemas and surrounding property. Looked to be the secret partner. An agreement backed by state-owned VTB Bank, which has strong ties with Putin, at the lowest prices from the city of Moscow.
In a statement to the International Consortium of Investigative Journalists (ICIJ), which is behind the leak, Ernst denied any wrongdoing and said the deal was not compensation for his work on the ceremonies.
There are thousands of people, including 35 world leaders, implemented in the report through various deals through offshore companies based in tax havens.
The Papers also claim that celebrities including Shakira, Elton John and Ringo Starr have ties to companies based in offshore tax havens, as have 336 high-level politicians and public officials, including former UK PM Tony Blair. Stars’ representative denied any involvement with ICIJ and said that their activities were in line with legal accounting practices.
Governments have said they will start scrutinizing the data from the papers to plug any tax loopholes.