The International Consortium of Investigative Journalists (ICIJ) is poised to reveal the second list of names, accounts, companies and trusts from the Panama Papers database.
The first 'Panama Papers' revelations caused panic among many high profile and wealthy people who have been using offshore accounts and financial structures to conceal their wealth and evade taxes.
The next batch of information is set to be released on May 9th which is widely expected to cause harm to more politicians, businessmen and further national leaders.
The ICIJ said that it will “publish what will likely be the largest-ever release of information about secret offshore companies and the people behind them, based on data from the Panama Papers investigation.”
ICIJ said that, “The searchable database will include information on more than 200,000 companies, trusts, foundations and funds incorporated in 21 tax havens, from Hong Kong to Nevada in the United States.”
The Panama Papers file is a list documents obtained by hacking into the compputer files of the Panamanian law firm Mossack Fonseca. The trove of names and accounts was leaked by the hackers to German newspaper Suddeutsche Zeitung which shared the information with the International Consortium of Investigative Journalists made up of 107 media organisations in 78 countries.
The massive global complex network of offshore companies which has been helping wealthy clients launder money, dodge sanctions and evade tax already has claimed the political scalps of Spain’s acting Industry Minister Jose Manuel Soria and the Icelandic Prime Minister Sigmundur David Gunnlaugsson and implicated, among others, Vladimir Putin.
Comments
Putin is implicated but not named.
Ed
The Premier League most advanced nations immediately rear up and demand change. Even Prime Ministers and Presidents must now explain themselves. Not having a 1st Division we find that the 2nd division countries mention a few miscreants who deny doing anything wrong. Their tax officers mutter that no current laws appear to have broken but that they will check in their own time if anyone has been a bit lax with their declarations. Dropping down to the South Eastern Pub Sunday League we hear no mention at all.