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An Offshore Scandal Is The Largest Document Leak Ever 'Panama Papers'

Published on Apr 03,2016
by admin
Sunday’s jaw-dropping “Panama papers” leak, which shows a global network of offshore companies helping the wealthy hide their assets, is already being called “the Wikileaks of the mega-rich." The hashtag #panamapapers topped Twitter on Sunday afternoon. Among those reacting through tweets: Edward Snowden, the 2013 CIA leaker, who said the “Biggest leak in the history of data journalism just went live, and it's about corruption.” In Russia, President Vladimir Putin’s spokesman, Dmitry Peskov, told reporters that the Kremlin had already received “a series of questions in a rude manner” from an organization that he said was trying to smear Putin. “Journalists and members of other organizations have been actively trying to discredit Putin and this country’s leadership,” Peskov said. The Washington, D.C.-based International Consortium of Investigative Journalism (ICIJ) said the trove of 11.5 million records details the offshore holdings of a dozen current and former world leaders, as well as businessmen, criminals, celebrities and sports stars. The data span nearly 40 years, from 1977 through the end of 2015, ICIJ said, allowing “a never-before-seen view inside the offshore world — providing a day-to-day, decade-by-decade look at how dark money flows through the global financial system, breeding crime and stripping national treasuries of tax revenues.”