Thread: Pandora Papers
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Old 4th October 2021, 09:06 AM   #12
Gord_in_Toronto
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Originally Posted by timhau View Post
Well, boo hoo. Maybe he should have declared that Riviera mansion before campaign start.

As for legal consequences, I assume they will be minimal because the majority of the unearthed cases involving Western politicials don't actually involve anything illegal, and in a not insignificant portion the connection to Panama will be the main dubious factor. When it comes to e.g. Russian politicians or oligarchs, fraud sanctioned by Putin is de facto legal (but to balance things out, fraud not sanctioned by Putin will be penalized even when fictional).
Today's long article in the Toronto Star points out that some of the activities violate the laws of the British Virgin Islands (strengthened after the Panama Papers came out) with respect to disclosure of the true ownership of accounts held there. There may some consequences, no mater how minor, if the BVI wants to pretend to uphold the rule of law.
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