The biggest data leak in history has exposed the offshore holdings of 12 current and former world leaders.
The leak from Mossack Fonseca, the world’s fourth biggest offshore
law firm, reveals how associates of Russian President Vladimir Putin were involved in a web of secret offshore deals and loans worth as much as $2 billion.
The offshore trail, which involves a massive 11.5million records, starts in Panama, and also travels into Russia and Switzerland.
Sergei Roldugin, who is Putin’s best friend, is at the centre of one scheme in which money from Russian state banks is hidden offshore. Some of it shows up in a ski resort where Putin’s daughter Katerina got married in 2013.
The sensational findings are the result of a year’s work by the International Consortium of Investigative Journalists, which involves more than 100 news organisations, including The Irish Times and German newspaper Süddeutsche Zeitung.
The massive leak is bigger than that of whistleblower Edward Snowden in the US, and the publication by Wikileaks of secret American documents.
Oxfam Ireland Chief Executive Jim Clarken described the revelations as a colossal betrayal of taxpayers.
“This exposé offers a rare glimpse into the murky practices of tax dodging – and the sheer size and scale revealed is staggering.
The leak from Mossack Fonseca, the world’s fourth biggest offshore
law firm, reveals how associates of Russian President Vladimir Putin were involved in a web of secret offshore deals and loans worth as much as $2 billion.
The offshore trail, which involves a massive 11.5million records, starts in Panama, and also travels into Russia and Switzerland.
Sergei Roldugin, who is Putin’s best friend, is at the centre of one scheme in which money from Russian state banks is hidden offshore. Some of it shows up in a ski resort where Putin’s daughter Katerina got married in 2013.
The sensational findings are the result of a year’s work by the International Consortium of Investigative Journalists, which involves more than 100 news organisations, including The Irish Times and German newspaper Süddeutsche Zeitung.
The massive leak is bigger than that of whistleblower Edward Snowden in the US, and the publication by Wikileaks of secret American documents.
Oxfam Ireland Chief Executive Jim Clarken described the revelations as a colossal betrayal of taxpayers.
“This exposé offers a rare glimpse into the murky practices of tax dodging – and the sheer size and scale revealed is staggering.
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