Pandora Papers: New leak names 8 people with Bangladeshi address

The International Consortium of Investigative Journalists (ICIJ) released a new cache of leaked data from the Pandora Papers investigation on their Offshore Leaks database which included information about eight people that used Bangladesh as their address.

The new data released on Monday lists beneficial owners of more than 15,000 offshore companies, foundations, trusts, and other entities, among whom eight people used Bangladesh as their address to open offshore entities in the tax heaven British Virgin Islands.

Monday’s leaks come from two offshore services providers: Panamanian law firm Alemán, Cordero, Galindo & Lee (Alcogal) and Fidelity Corporate Services, headquartered in the British Virgin Islands. It revealed more than 740,000 names of people and companies behind secret offshore structures, reported ICIJ.

The new data reveals confidential information about the owners of offshore entities mostly registered in the British Virgin Islands, a notoriously secretive jurisdiction, between 1980 and 2018.

The Pandora Papers are a follow-up to a similar project released in 2016 called the “Panama Papers" compiled by the same journalistic group.