ICIJ: Secret dealings of world leaders exposed

An international group of journalists says it has uncovered the financial secrets of 35 current and former leaders from around the world.

The International Consortium of Investigative Journalists, or ICIJ, used confidential files from offshore services firms to conduct a two-year investigation.

The ICIJ says its investigation has exposed the offshore dealings of former British Prime Minister Tony Blair, Jordan's King Abdullah, Czech Prime Minister Andrej Babis, Ukrainian President Volodymyr Zelenskyy, and others.

It says Blair and his wife saved more than 400,000 dollars in property taxes when they became the owners of a building in London in 2017.

The ICIJ says the Blairs bought a firm in the British Virgin Islands that owned the building. It adds the couple benefited from a legal arrangement that saved them from having to pay the taxes.

The group also says Jordan's monarch set up at least 36 shell companies in the British Virgin Islands and other tax havens. It reports the monarch used the firms to purchase 14 properties in the US and the UK worth more than 100 million dollars.

The ICIJ says the financial secrets of more than 330 politicians and public officials in 91 countries and territories have been uncovered.

The group is accusing "many of the power players who could help bring an end to the offshore system" of benefiting from it instead.