After the Pandora Papers, published by the International Consortium of Investigative Journalists (ICIJ), outlined offshore companies set up by most of the world’s leading figures, including Pakistan, Prime Minister Imran Khan has said that his government will investigate all the citizens nominated in Pandora Papers leaks.
The Prime Minister said in series of Tweets, “We welcome the Pandora Papers exposing the ill-gotten wealth of elites, accumulated through tax evasion & corruption & laundered out to financial “havens”. The UN SG’s Panel FACTI calculated a staggering $7 trillion in stolen assets parked in largely offshore tax-havens.”
“My over-two decades’ struggle has been premised on the belief that countries are not poor but corruption causes poverty because money is diverted from being invested in our people. Also, this resource theft causes devaluation, leading to thousands of poverty-related deaths,” the premier added.
While giving the example of the East Indian Company the Prime Minister said, “Just like the East India Company plundered the wealth of India, ruling elites of the developing world are doing the same. Unfortunately, the rich states are neither interested in preventing this large-scale plunder nor in repatriating this looted money.”
He also ensured the free and fair investigation and wrote, “My govt will investigate all our citizens mentioned in the Pandora Papers & if any wrongdoing is established we will take appropriate action. I call on the international community to treat this grave injustice as similar to the climate change crisis.”
“If unchecked, inequalities between rich & poor states will increase as poverty rises in the latter. This, in turn, will lead to a flood of economic migration from the poor to the rich states, causing further economic & social instability across the globe,” the Prime Minister added.