Dozens of world leaders and billionaires have been named in the deluge of documents, including Presidents and Prime Ministers who have invested significant sums into U.S. real estate - including $100 million spent by King Abdullah II of Jordan on luxury homes in California.

Several governments have already announced investigations into the findings, revealed on Sunday after analysis by over 600 journalists from dozens of media organizations.

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The leak links hundreds of Pakistanis to wealth secretly moved through offshore companies and Khan confirmed earlier he would take action if any wrongdoing was established.

The outlet claimed that Leung conducted business through two offshore companies and sold his 30 percent stake in DTZ Japan for HK$2.3 million in the first of his five years as chief executive of the region.

However, an attorney for Shakira—full name Shakira Isabel Mebarak Ripoll—has stated that the Colombian singer had declared her companies, which do not provide tax advantages, according to ICIJ.

Similarly, representatives for German fashion star Schiffer responded to the report by saying that the star pays her taxes in the U.K., where she is based, per ICIJ.

FULL STORY: Shakira, Claudia Schiffer Among Celebrities Named in Pandora Papers Leak

Both Russia and Ukraine have a significantly higher number of people caught up in the scandal - many of them reported to be friends of Russian President Vladimir Putin.

The U.S. does not feature in the top 10 but its close allies do, including the U.K.

The leak is similar in size to the 2015 revelations, which saw 11.5 million records exposing similar activities leaked to the press. The number of documents from the Pandora Papers is so large that over 600 journalists - from more than half the world’s countries - have spent most of 2021 searching through the data.

Reports from the Guardian reveal that South Dakota is particularly popular with those looking to discretely move around their money, with the state sheltering billions linked to people previously accused of serious financial crimes.

The findings could prove embarrassing for the Biden administration, which wants to be seen as cracking down on the shady activities of the wealthiest people.

But as the papers showed, this is a global phenomenon. We can do our bit, but we require other countries to co-operate with us as well and you will continue to expect us to press on that.

It also labeled the claims in the Pandora Papers reports “distorted” and “misleading”, and suggested that revealing the location of his many properties significantly increases his security risk.

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