Wednesday, April 06, 2016

THE PANAMA PAPERS_ Vladimir Putin associates, Jackie Chan identified in unprecedented leak of offshore financial records

ABC NEWS

Panama Papers: Vladimir Putin associates, Jackie Chan identified in unprecedented leak of offshore financial records Four Corners

By the International Consortium of Investigative Journalists
and Four Corners' Elise Worthington

Updated Tue at 1:11am



Photo: Associates of Russian President Vladimir Putin are among those identified in the investigation. (AFP: Kirill Kudryavtsev/Pool)

An unprecedented leak of more than 11 million documents has revealed the hidden financial dealings of some of the world's wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public officials around the world.

Key points:

* Investigation reveals data from more than 11 million documents relating to law firm Mossack Fonseca

* Leak includes information about world leaders from Russia, Iceland, Ukraine, China and others

* Firm's customers have included Ponzi schemers, drug kingpins, tax evaders and a jailed sex offender


More than 200,000 companies, foundations and trusts are contained in the leak of information which came from a little-known but powerful law firm based in Panama called Mossack Fonseca.

The law firm is one of the world's top creators of shell companies, which can be legally used to hide the ownership of assets.

The data includes emails, contracts, bank records, property deeds, passport copies and other sensitive information dating from 1977 to as recently as December 2015.

READ MORE: http://www.abc.net.au/news/2016-04-04/unprecedented-leak-of-offshore-financial-records-exposes-secrets/7293524


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