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Wednesday, April 6, 2016

Fonseca Files leak of Panama offshore accounts

It is more fun criticizing

Rizal Philippines
April 6, 2016


Millions of documents were leaked from Panamanian law firm Mossack Fonseca
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From UK Telegraph - 10 things we know from Mossack Fonseca Leak

Leaked Fonseca files sparks anger


After the Bangladesh heist, there is another explosive scandal in the financial world - the Mossack  Fonseca Law firm leak of the so called Panama files. The files covered emails that cover 143 world politicians (143)  and leaders

The offshore accounts/companies has enabled such persons evade taxes and sanctions  We are all surprised:

  1. National leaders with offshore wealth include Pakistan’s prime minister, Nawaz Sharif; former vice-president of Iraq, Ayad Allawi; president of the Ukraine, Petro Poroshenko and the son of Egypt’s former president, Alaa Mubarak.
Some of those included are Russian President and members supreme ruling body of the Communist Party in China.

The data gathered are results of collaborative effort of Innternational Consortium of Investigaive Journalists, German Newspaper  Suddeutsche Zeitung, and Israle Newspaper
Haaretz

The Panama Papers: Politicians, Criminals, and the Rogue Industry That Hides Their Cash