Quote:
A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth.
Eleven million documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca.
They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax.
The company says it has operated beyond reproach for 40 years and has never been charged with criminal 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.
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http://www.bbc.co.uk/news/world-35918844
I dare say there's going to be more than a few red faces and sweaty palms amongst the elite.
---------- Post added at 19:26 ---------- Previous post was at 19:20 ----------
Unsurprisingly, Putin associates appear to be amongst those engaged in dubious activity:
Quote:
A suspected money laundering ring involving close associates of Vladimir Putin has been uncovered in a leak of confidential documents.
The billion-dollar operation was run by Bank Rossiya, which is subject to US and EU sanctions following Russia's annexation of Crimea.
Evidence seen by BBC Panorama reveals for the first time how the bank operates.
Documents show how money has been channelled through offshore companies.
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http://www.bbc.co.uk/news/world-europe-35918845
I wonder who's really behind all this.