Claudia Schiffer and Shakira are among the famous faces linked to the unprecedented Pandora Papers leak – which has revealed how the super wealthy used offshore companies to accrue wealth and make transactions.
They are joined by Indian cricket legend Sachin Tendulkar – as well as associates of Vladimir Putin and 35 world leaders – after they were all found to have companies set up in tax havens.
The papers claim Colombian pop star Shakira set up offshore entities in the British Virgin Islands to conceal assets.
But lawyers of the 44-year-old said the singer declared the offshore companies, adding that they did not provide tax advantages.
It comes as the Hips Don’t Lie hitmaker is already in a legal wrangle with the Spanish Government, which has accused her of failing to pay taxes in Spain in the years 2012, 2013 and 2014.
In response to their client being named in the report, representatives of German supermodel Ms Schiffer, 51, said the mother-of-three correctly pays her taxes in the UK, where she lives.
Meanwhile Mr Tendulkar’s lawyers said his investment is legitimate and has been declared to tax authorities.
The cricket star is also reported to have dissolved an offshore company in the British Virgin Islands three months after the release of the Panama Papers in 2016.
The papers claim Colombian pop star Shakira (pictured) set up offshore entities in the British Virgin Islands to conceal assets
In response to their client being named in the report, representatives of German supermodel Claudia Schiffer (pictured), 51, said the mother-of-three correctly pays her taxes in the UK, where she lives
The Pandora Papers consist of 12 million documents from 14 financial services companies in countries including the British Virgin Islands, Panama, Belize, Cyprus, the United Arab Emirates, Singapore and Switzerland.
They were obtained by the International Consortium of Investigative Journalists (ICIJ) before being studied by more than 650 reporters from BBC Panorama, the Guardian and more than 100 other news outlets.
Italian mobster Raffaele Amato is also named in the leak, which shows how he used a shell company in the UK to buy land in Spain, where he fled to to set up his own crime gang.
Mr Amato, who has been tied to at least a dozen killings, is currently serving a 20-year prison sentence. His lawyers declined to comment.
While many of the transactions leaked in the papers – made by tens of thousands of different offshore firms – feature no legal wrongdoing, they expose how the UK Government has failed in its promise to bring in a register of offshore property owners.
There are concerns that some of the purchases could be the work of money laundering – while some of those named now face allegations of corruption and global tax avoidance.
The papers also exposed how current and former world leaders used offshore companies to carry out transactions.
They revealed 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.
Sachin Tendulkar’s (pictured) lawyers said his investment is legitimate and has been declared to tax authorities
In a statement, a spokeswoman for the couple said they had bought the property in ‘a normal way through reputable agents’ and should not have been ‘dragged into a story about “hidden” secrets of prime ministers etc’.
The spokeswoman said: ‘The vendor was an offshore company. The Blairs had nothing whatsoever to do with the original company nor those behind it.
‘The vendor sold the company not the property – again a decision the Blairs had nothing to with.
‘Since the purchase was of a company no buyer would have had to pay UK stamp duty on that transaction.
‘However, because the Blairs then repatriated the company and brought it onshore, they are liable for capital gains and other taxes on the resale of the property which will significantly exceed any stamp duty.
‘For the record, the Blairs pay full tax on all their earnings. And have never used offshore schemes either to hide transactions or avoid tax.’
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.
The luxury fourth-floor flat was purchased by Brockville Development Ltd, which was eventually traced back to Svetlana Krivonogikh, reported the Guardian.
The woman, who was 28 at the time, is said by Russian investigative outlet Proekt to be the mother of Putin’s child, after giving birth to Elizaveta, or Luiza, in March of the same year.
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, and Czech Prime Minister Andrej Babis – who is facing an election later this week – failed to declare an offshore investment company used to purchase two villas for $16.2million in the south of France.
The Pandora Papers probe is much larger than the landmark Panama Papers investigation, which rocked the world in 2016, spawning police raids and new laws in dozens of countries and the fall of prime ministers in Iceland and Pakistan, reported the ICIJ.
This time around, the papers also shine a light on the lawyers and middlemen who are at the heart of the offshore industry, with the owners of more than 29,000 companies revealed from more than 200 countries and territories – mostly from Russia, the UK, Argentina and China.