The offshore holdings of a dozen current and former world leaders and some of their closest allies have been revealed in a massive leak of information dubbed the Panama Papers.
Confidential documents obtained from Panamanian law firm Mossack Fonseca from an anonymous source purports to show how the firm, which has branches across the globe, allegedly helped clients launder money, dodge sanctions and evade tax.
The firm denied any wrongdoing. In a statement, Mossack Fonseca, said: “We only incorporate companies, which just about everyone acknowledges is important, and something that’s critical in ensuring the global economy functions efficiently. In providing those services, …read more
Source: Time
