October 4, 2021
Biden’s not the only politician to use his office to turn a profit
By Andrea Widburg
Our American media has always been singularly uninterested in how Joe Biden, who has spent all but four years since 1972 in public office, managed to amass a fortune equal to at least $8 million, and possibly as much as $25 million (although he still managed to stiff the government of $500,000 in taxes). Biden, however, is not the only government official to get rich, very, very rich. An organization called the International Consortium of Investigative Journalists obtained a treasure trove called the Pandora Papers, showing how 35 past and present world leaders, as well as 300 other public officials, have amassed massive sums of money and hidden them outside of their own countries.
A lot of the money, of course, is in the hands of known oligarchs from Vladimir Putin’s circles. However, it’s not just the Putin gang that’s been making bank from politics. Here are just some of the things the Pandora Papers reveal:
They reveal that former British prime minister Mr Blair and his wife Cherie saved some $434,000 (£321,000) in stamp duty when they bought an office in London by purchasing the offshore company that owned it.
Meanwhile Russian President Mr Putin was linked to secret assets in Monaco, while an offshore company owned by his alleged lover purchased a $4.1million apartment below the principality’s casino.
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Meanwhile, the King of Jordan was able to secretly add £70million worth of property to his portfolios in the UK and US - mainly in Malibu, California and in London and Ascot, the papers showed.
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The release of the documents could not have come at a worse time for Czech Prime Minister Andrej Babis - who is facing an election later this week - as they show how he failed to declare an offshore investment company used to purchase two villas for $16.2million in the south of France.
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Azerbaijani President Ilham Aliyev and his family and close associates snapped up more than $500million (£400million) worth of property in the UK, the papers revealed.
more
https://www.americanthinker.com/blog/2021/10/bidens_not_the_only_politician_to_use_his_office_to_turn_a_profit.html
