Shakira, the famous Colombian pop singer, made headlines after her name appeared in the Pandora Papers leak. The leak revealed the use of offshore companies by wealthy individuals for accumulating wealth and conducting transactions. Sources report that Shakira formed offshore entities in the British Virgin Islands to keep her assets hidden. On the other hand, her lawyers claim that she disclosed these companies and did not receive any tax benefits.
The well-known singer, whose famous song is “Hips Don’t Lie,” is presently dealing with legal problems with the Spanish authorities. She’s been accused of not paying taxes in Spain between the years 2012 and 2014. Furthermore, some leading news outlets released financial documents that apparently expose secret riches owned by several global leaders. This leak went public on Sunday.
The fifth anniversary of the well-known “Panama Papers” leak has just passed and approximately 2.94 terabytes of data, which includes over 11.9 million records, were released. The Panama Papers leak had exposed the methods used by the wealthy to hide their money from law enforcement agencies.
