Panama Papers
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The Panama Papers is a news leak of confidential documents related to the hidden wealth of world leaders.[1]
Contents
The coordinated leak consists of 11.5 million documents from Mossack Fonseca, which The Guardian described as "the world's fourth biggest offshore law firm".[1] The 2.6 terabytes of data names 140 offshore firms related to public officials. The papers were reviewed by journalists across 80 countries.[1] Gerard Ryle, director of the International Consortium of Investigative Journalists, predicted that the leak would be "the biggest blow the offshore world has ever taken" due to the breadth of leaked documents.[3]
The anti-corruption Argentinian President Mauricio Macri was listed as a director of a Bahamas-based trading company that he did not disclose when mayor of Buenos Aires.[4] Other public figures implicated include former Iraqi Prime Minister Ayad Allawi, Icelandic Prime Minister Sigmundur Davíð Gunnlaugsson, Saudi Arabian King Salman bin Abdulaziz bin Salman Al Saud, footballer Lionel Messi, Ukranian President Petro Poroshenko[4] and friends of Russian President Vladimir Putin, as well as late father of David Cameron, six members of the UK House of Lords and three Conservative ex-members of the UK House of Commons.[1]
Leak
More than a year before the Panama leaks, the German newspaper Süddeutsche Zeitung received documents related to Mossack Fonseca from an anonymous source.[5]
Impact
Following an interview with The Guardian in advance of the leak, Icelandic Prime Minister Sigmundur Davíð Gunnlaugsson and his wife issued public statements about journalist encroachment in their private lives and insisted on the completeness of their legal disclosures. Gunnlaugsson was expected to receive calls for a snap election in parliament.[6]
The leak also revealed an extensive conflict of interest connection between a member of the FIFA Ethics Committee and former FIFA vice president Eugenio Figueredo.[7]
References
- ^ a b c d Garside, Juliette; Watt, Holly; Pegg, David (April 3, 2016). "The Panama Papers: how the world's rich and famous hide their money offshore". The Guardian. Archived from the original on April 3, 2016. Retrieved April 3, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "The Power Players". International Consortium of Investigative Journalists. Retrieved April 3, 2016.
- ^ Bilton, Richard (April 3, 2016). "Panama Papers: Mossack Fonseca leak reveals elite's tax havens". BBC News. Archived from the original on April 3, 2016. Retrieved April 3, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ a b Fusion Investigative Unit (April 3, 2016). "Here are the famous politicos in 'the Wikileaks of the mega-rich'". Fusion. Archived from the original on April 3, 2016. Retrieved April 3, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Obermaier, Frederik; Obermayer, Bastian; Wormer, Vanessa; Jaschensky, Wolfgang (April 3, 2016). "About the Panama Papers". Süddeutsche Zeitung. Archived from the original on April 3, 2016. Retrieved April 3, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Bowers, Simon (April 3, 2016). "Iceland's PM faces calls for snap election after offshore revelations". The Guardian. Archived from the original on April 3, 2016. Retrieved April 3, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Gibson, Owen (April 3, 2016). "Leaked papers give Fifa ethics committee new credibility crisis". The Guardian. Archived from the original on April 3, 2016. Retrieved April 3, 2016.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help)
