Later that year, the ICIJ reveals secret agreements between Luxembourg and 340 multinational companies including Amazon, Apple, IKEA, Pepsi, AIG and Verizon to avoid paying billions of dollars in taxes. Among those cited are several people close to President Xi Jinping. In January 2014, the group scores a new coup with documents showing that China's elite is also parking money in offshore tax havens. Read more: Pandora Papers leak: Here are the biggest revelationsĪzerbaijan's President Ilham Aliyev is named as one of the big beneficiaries. In April 2013, the ICIJ reveals a 'who's who' of people and entities hiding assets offshore in 122,000 companies run from Singapore and the British Virgin Islands.

Here is a recap of how the global network of investigative journalists has made the offshore industry's money laundering and tax dodging a political hot potato.

The Pandora Papers leak is the latest - and biggest - to shine a light on tax evasion of the rich and powerful from the whistleblowing International Consortium of Investigative Journalists (ICIJ).

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