Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday after a leak of four decades of documents from a Panamanian law firm that specialized in setting up offshore companies.
The "Panama Papers" revealed financial arrangements of global politicians and public figures including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine.
While holding money in offshore companies is not illegal, journalists who received the leaked documents said they could provide evidence of wealth hidden for tax evasion, money laundering, sanctions busting, drug deals or other crimes.
The law firm, Mossack Fonseca, which says it has set up more than 240,000 offshore companies for clients around the globe, denied any wrongdoing and called itself the victim of a campaign against privacy.
The Kremlin said the documents contained "nothing concrete and nothing new" while a spokesman for British Prime Minister David Cameron said his late father's reported links to an offshore company were a "private matter." Full story...
Related posts:
The "Panama Papers" revealed financial arrangements of global politicians and public figures including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine.
While holding money in offshore companies is not illegal, journalists who received the leaked documents said they could provide evidence of wealth hidden for tax evasion, money laundering, sanctions busting, drug deals or other crimes.
The law firm, Mossack Fonseca, which says it has set up more than 240,000 offshore companies for clients around the globe, denied any wrongdoing and called itself the victim of a campaign against privacy.
The Kremlin said the documents contained "nothing concrete and nothing new" while a spokesman for British Prime Minister David Cameron said his late father's reported links to an offshore company were a "private matter." Full story...
Related posts:
- Panama Papers: Mossack Fonseca leak reveals elite's tax havens...
- German paper unveils biggest leak in history...
- About the Panama Papers...
- Revealed: the $2billion offshore trail that leads to Vladimir Putin...
- Mossack Fonseca leaks reveal Xi Jinping's family links to offshore companies...
- Samsung, Hyundai, Rolls-Royce implicated in $1tn oil industry corruption...
- Putin ‘is the richest person in the world until he leaves power’
- Budget 2016: Wealth of super rich soars as the worst-off lose out, report says...
No comments:
Post a Comment