Politicians and chief execs deny ‘Panama Papers’ claims [Updated]
In the wake of the largest data leak in history, many celebrities, political figures and company leaders are scrambling for damage control.
On Sunday, the International Consortium of Investigative Journalists published more than 11.5 million leaked financial and legal records from Mossack Fonseca—a law firm in Panama that has opened more than 240,000 offshore companies for its clients.
Called “The Panama Papers,” the documents reveal offshore (and potentially illegal) activities in which scores of celebrities, executives and politicians engaged, allegedly to conceal wealth and avoid taxes.
The New York Times reported that the documents name 143 politicians—including 12 political leaders around the world:
The articles said nearly 215,000 offshore shell companies and 14,153 clients were tied to Mossack Fonseca. They linked 143 politicians, their families and close associates—including 12 highly placed political leaders—to the use of tax havens to shield vast wealth.
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