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Pandora Papers expose world leaders’ offshore entities, Thai tycoon families among listed

15 Sept 13:58 Key points summarised by AI

The "Pandora Papers" investigation, based on 11.9 million leaked financial documents, reveals how over a dozen heads of state and government, along with wealthy individuals, utilized offshore tax havens to conceal assets worth hundreds of millions of dollars.
Key figures implicated include Jordan's King Abdullah II, Czech Prime Minister Andrej Babis, Azerbaijani President Ilham Aliyev, and Kenya's President Uhuru Kenyatta, all linked to secret offshore property acquisitions or company holdings.
In Thailand, six prominent families, including the Chiaravanont (CP Group) and Sirivadhanabhakdi (Thai Beverage) clans, were identified as owning various offshore entities.
The exposé also details the hidden wealth of Pakistani cabinet ministers and military leaders, and highlights the U.S. state of South Dakota's emergence as a significant hub for financial secrecy, holding nearly $360 billion in customer assets.

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.