A consortium of international journalists began reporting this weekend on the contents of a massive data leak from Credit Suisse that exposed 18,000 formerly secret bank accounts valued at over $100 billion in total.
Contents: China alarmed by consequences of its CPEC investment in Pakistan — terrorism and corruption; China halts CPEC funds over concerns about corruption in Pakistan; Pakistan alarmed about a Chinese ‘debt trap’
Pakistan’s parliament is set to elect a new prime minister on Tuesday, replacing fallen PM Nawaz Sharif after he was ruled ineligible for public office by the country’s highest court. Opposition leaders complain the parliamentary “election” is a sham in which the ruling party will appoint a placeholder until they can install Sharif’s brother Shahbaz as the new prime minister.
The Panama Papers scandal claimed a very big scalp on Friday as Pakistani Prime Minister Nawaz Sharif was forced to resign from office. His downfall may be encouraging for anti-corruption crusaders, but it could also have troubling implications for regional stability.
VALLETTA, Malta (AP) — Joseph Muscat was sworn in Monday for a second term as Malta’s prime minister, pledging to introduce a gay marriage law when Parliament convenes in the next few weeks.
VALLETTA (AFP) – Malta’s Prime Minister Joseph Muscat on Monday called a snap general election for June 3, bowing to pressure over his family being embroiled in the Panama Papers scandal.
A opposition-backed bill in Pakistan seeking to establish a commission to inquire into the revelations made by the controversial Panama Papers, which suggest financial wrongdoings by Prime Minister Sharif and his family, prompted an exchange of harsh words in the Islamabad-based parliament this week.
As Mossack Fonseca representatives like to say, just about every time the subject is raised, the only person or entity in the “Panama Papers” story who is unquestionably guilty of a crime is the anonymous individual who stole their data.
The International Monetary Fund (IMF) released a report Wednesday finding that annual cost of bribes paid in both developing countries and advanced economies amounts to $1.5 to $2 trillion globally.
The anonymous source for the “Panama Papers” leak – described by the International Consortium of Investigative Journalists as a “whistleblower,” although the Mossack Fonseca law firm of Panama would say “thief” is a better word – has written a lengthy manifesto, reprinted in full by the ICIJ.
Pakistan Awami Tehreek (PAT), a small right-wing opposition party, has reportedly demanded that the Pakistani Army lead the investigation into corruption allegations against embattled Prime Minister Nawaz Sharif and his family highlighted in the Panama Papers leak.
Emma Watson is the latest celebrity to be exposed in the Panama Papers leaks. Apparently she keeps chunks of her estimated $70 million fortune stashed away in an offshore company in the British Virgin Islands. Personally, I am more than
The UK Independent reports that “at least three dozen Americans with legal entanglements in their personal histories did business” with Mossack Fonseca, according to the second batch of “Panama Papers” files out this week.
New leaked Panama Papers documents will be available to the public today at 2PM EDT on the official ICIJ website.
The Panama Papers scandal promises to deepen around the world on Monday when a journalists’ group with access to the digital cache of documents is to put many of them online. The International Consortium of Investigative Journalists (ICIJ) is to
On Thursday, the Syrian city of Palmyra, which was recently recaptured from the Islamic State, hosted a concert by Russian cellist Sergei Roldugin – who is more famous for his friendship with Russian president Vladimir Putin, and his role in the “Panama Papers” story, than his music career.
The International Consortium of Investigative Journalists (ICIJ) is reportedly planning a second release of Panama Papers, data about some of the world’s wealthiest people.
After raids and investigations by the governments of El Salvador, Peru, and Panama itself, the U.S. government is looking into the tax-avoidance schemes exposed by the “Panama Papers.”
The now-infamous “Panama Papers” law firm Mossack Fonseca was raided by Panama itself. According to Reuters, the raid went down on Tuesday, with the national police force stating that it sought documentation that “would establish the possible use of the firm for illicit activities.”
Police have raided the headquarters of the Panamanian law firm whose leaked Panama Papers revealed how the world’s wealthy and powerful used offshore companies to stash assets. Police with an organized crime unit carried out the raid at Mossack Fonseca
The “Panama Papers,” a trove of documents taken from Panamanian law firm Mossack Fonseca, have triggered raids by the government of El Salvador against the local Mossack Fonseca office, while Peruvian authorities raided the home of an executive of the firm.
(AFP) – Cabinet ministers, bankers and CEOs: the offshore companies at the heart of the leaked Panama Papers have drawn large numbers of Iceland’s elite into a scandal that has already brought down the country’s premier. The documents from the
Right-wing candidate Keiko Fujimori, daughter of former president Alberto Fujimori, has swept Peru’s presidential elections Sunday with 39.46 percent of the vote. In a run-off vote, she will face economist Pedro Pablo Kuczynski, whom she defeated by a solid 15 percentage points.
Former President of Argentina Cristina Fernández de Kirchner may be indicted in a sprawling money laundering case should the judge presiding accept federal prosecutor Guillermo Marijuan’s request to bring her into the investigation. Kirchner will be testifying regarding a separate case on Wednesday.
Sueddeutsche Zeitung, the German newspaper that was initially given the immense trove of stolen “Panama Papers” data from the Mossack Fonseca law firm by an unidentified source, has announced it will not present all 11.5 million documents to the public or law enforcement agencies.
British Prime Minister David Cameron on Sunday released his tax details in a bid to head off a row over his father’s offshore business, and announced a new taskforce to scrutinise the so-called Panama Papers. Hundreds of demonstrators rallied outside
Chicago Tribune Editorial Board member Clarence Page argued that a lower tax rate “means you have less incentive to want to hide your money overseas” on Friday’s “McLaughlin Group.” Page said, “Certainly, the lower tax rate means you have less incentive
LONDON, United Kingdom – Around 1,000 left wing protesters took to the streets of London today to protest against Prime Minister David Cameron’s tax affairs, calling on the PM to resign. Attendees included the usual “class war”, “Momentum” and Socialist
One of the more curious Panama Papers stories comes from North Korea, which suffered a massive Internet outage for three hours on Wednesday, two days after the North Korea’s Daedong Credit Bank was revealed as a client of Panamanian law firm Mossack Fonseca.
The co-founder of Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” data leak, has a simple explanation for why few Americans have been among the clients exposed by the scandal: the firm preferred to seek customers in other parts of the world.
Iran, with its puppet terrorist organization Hezbollah, is among the many nations implicated in the Panama Papers scandal, in which leaked documents from Panamanian law firm Mossack Fonseca revealed world leaders were stashing millions of dollars in offshore corporations.
Contents: Putin decrees new Russian National Guard that can shoot or arrest citizens on sight; Russia’s National Guard thought to be preparation for September elections; ‘Panama Papers’ scandal may have triggered Putin’s National Guard announcement
Russian President Vladimir Putin on Thursday denied any “element of corruption” after the Panama Papers claimed his cellist friend Sergei Roldugin ran a $2-billion offshore empire, adding that his own name is not in the documents. Putin also claimed that
British Prime Minister David Cameron admitted Thursday he had a £30,000 stake in an offshore fund set up by his father, after days of pressure following publication of the so-called Panama Papers. “We owned 5,000 units in Blairmore Investment Trust,
Hillary Clinton’s campaign chairman, John Podesta, has ties to Russia’s Sberbank, which has been implicated in the “Panama Papers” tax-avoidance scandal.
Search the Internet for “China” and “corruption” today, and you’ll be swamped with links to the Panama Papers story, in which Chinese officials and their families were among the many world leaders revealed to have millions of dollars socked away in overseas accounts. (That’s assuming you perform your web search outside the grasp of Chinese censors, of course.)
At 2.6 terabytes of data, the Panama Papers leak easily represents the largest exposure of private communication ever released.
China is dealing with the “Panama Papers” scandal in a predictable fashion: by censoring online discussion of the revelations that top Chinese officials have been salting away huge fortunes through overseas shell companies.
The massive legal firm data leak known as the Panama Papers have exposed business dealings that allowed the government of Venezuela under Hugo Chávez to use Cuban money to purchase advanced passport technology from Germany. Venezuela would later be accused of falsifying passports for Hezbollah terrorists.
The Daily Mail writes that Mossack Fonseca “has been the law firm of choice for some of history’s most notorious politicians, bank robbers and drug lords.”
