Europol estimates that more than $8.46 trillion is held in offshore accounts globally with $1.69 trillion from within the European Union alone.
The inclusion of Turkey in the so-called list of grey countries that need increased monitoring once again raises eyebrows over the watchdog’s conduct.
Babis's main rivals are two groupings, one comprising the anti-establishment Pirate Party with the centrist Mayors and Independents, and the other being a three-party centre-right coalition called Together.
Dictators worldwide are using offshore tax havens to hedge against potential revolutions, while Western business and political leaders use them to dodge taxes. Will the latest revelations bring about meaningful change?
Campaigners and activists hail the "Pandora Papers" report, calling for end to financial secrecy that has allowed many of world's richest and most powerful people to hide their wealth from tax collectors.
Thirty five current and former leaders are among a list of businesspeople and celebrities featured in roughly 11.9 million documents exposing secret wealth stashed in offshore tax havens.
PM Khan welcomes "Pandora Papers" and vows to investigate "the ill-gotten wealth of elites laundered out to financial havens."
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2022 TRT World.