PANDORA PAPERS Q&A
What are the Pandora Papers?
The Pandora Papers are the 12 million leaked documents obtained and published by the International Consortium of Investigative Journalists (ICIJ). The ICIJ received the data over several years and released the data in early October 2021.
What do the Papers reveal?
The Pandora Papers disclose the affairs of politicians, celebrities, and business leaders. The papers disclose how individuals used offshore corporations to reduce their tax liabilities, hold foreign assets and in some cases disclosed improperly undisclosed assets held in offshore companies.
How did the ICIJ obtain the information?
The ICIJ did not reveal how it obtained the information. However, it did name the following 14 service providers from which they obtained the documents:
All About Offshore Limited (Seychelles) Demetrios A. Demetriades LLC (Cyprus)
Alemán, Cordero, Galindo & Lee (Panama) Fidelity Corporate Services Limited (BVI)
Alpha Consulting Limited (Seychelles) Glenn D. Godfrey and Company LLP (Belize)
Asiaciti Trust Asia Limited (Hong Kong) Il Shin (Hong Kong)
CCS Trust Limited (Belize) Overseas Management Company Inc (Panama)
CIL Trust International (Belize) SFM Corporate Services (CH and UAE)
Commence Overseas Limited (BVI) Trident Trust Company Limited (BVI)
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Was information obtained from Coverdale Trust Services Limited?
We reviewed the information publicly available and our systems and, to the best of our information and belief, we determined:
- No information revealed by ICIJ was obtained from Coverdale Trust Services Limited; and
- None of Coverdale Trust Services Limited record keeping or reporting systems were breached.
Who do I contact for further information?
Ronald Schmalcel, General Manager
Coverdale Trust Services Limited
4th Floor, Water’s Edge Building, Meridian Plaza
PO Box 4519
Road Town, Tortola
British Virgin Islands VG1110