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Czech Leader Dismisses Pandora Papers Report as Election Ambush

Oct. 4, 2021, 11:16 AM

Czech billionaire Prime Minister Andrej Babis dismissed attacks from his political rivals over offshore transactions revealed in the Pandora Papers, saying the report about personal transactions was aimed at undermining his front-running position before this week’s national elections.

The unprecedented leak of financial records published by the International Consortium of Investigative Journalists showed Babis moved $22 million through offshore companies to buy a property on the French Riviera in 2009, two years before he entered politics by creating his party.

Babis, who built a chemical, agriculture and media empire with annual revenue of about $7 billion, acknowledged the transaction and ...