Panama Papers: Mossack Fonseca leak reveals elite's tax havens | Post Land
  • Panama Papers: Mossack Fonseca leak reveals elite's tax havens

    Reporter: Kateb
    Published: Sunday, April 3, 2016
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    In the details ... A big leak of confidential documents has revealed how the rich and powerful use tax havens to cover

    their wealth.
    Eleven mil| documents were leaked from one of the planet's most secretive companies, Panamanian law firm Mossack Fonseca.
    They show how Mossack Fonseca has helped clients launder money, dodge supports and evade tax.
    The business says it has managed beyond reproach for forty five years and has never been charged with lawbreaker wrong-doing.
    The documents show links to 72 current or former heads of state in the data, including dictators accused of looting their own countries.
    Gerard Ryle, director of the ICIJ, said the documents covered the everyday business at Mossack Fonseca in the last 40 years.
    "I think the leak will prove to be most likely the biggest blow the just offshore world has ever considered due to extent of the documents, " he said.


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