PARIS: Several countries have launched tax evasion probes after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities.
The scandal erupted on Sunday when media groups began revealing the results of a year-long investigation into a trove of 11.5 million documents from the Panamanian law firm Mossack Fonseca, which specialises in creating offshore shell companies.
Among those named in the “Panama Papers” are close associates of Russian President Vladimir Putin, relatives of Chinese leader Xi Jinping and Iceland’s Prime Minister Sigmundur David Gunnlaugsson, as well as Barcelona striker Lionel …read more
Source: The Kooza
