The biggest leak of financial data in history is trending right now after it revealed how world leaders, the global rich and celebrities are allegedly using offshore tax havens to hide their wealth.
The so-called Panama Papers, part of a leak of 11million files, implicate twelve world leaders and more. Those in Russian president Vladimir
Putin's inner circle, along with families and associates of Egypt's former president Hosni Mubarak, Libya's former leader Muammar
Gaddafi and Syria's president Bashar al-Assad.
The name of James Ibori, a former Delta State governor, currently serving prison time in the UK ,also
appeared in the documents.
Documents were leaked from one of the world's most secretive companies, Panamanian law firm
Mossack Fonseca, and show how the company has allegedly helped clients launder money,dodge sanctions and evade tax.
The unprecedented leak of confidential documents - bigger than the amount of data stolen by Edward Snowden in 2013 - reveals:
*A network of secret offshore deals
and loans worth £1.4 billion that leads to Russian President Vladimir
Putin;
*Twelve national leaders, including
Pakistan's prime minister, president
of Ukraine and the prime minister of
Iceland, are among 143 politicians
revealed to have offshore accounts,
including several dictators;
*Six members of the House of Lords,
three former Conservative MPs and
dozens of donors to British political
parties are among those said to have benefited from tax havens;
*A member of Fifa’s ethics committee, which is supposed to be
reforming the organisation, worked
as a lawyer for people charged with
bribery and corruption.
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