Tax havens of the world’s most rich and famous revealed in huge data leak

The biggest leak of financial data in history has revealed how 12 world leaders, the global rich and a host of celebrities are allegedly using offshore tax havens to hide their wealth.

The so-called Panama Papers, part of a leak of 11million files, implicate those in Russian president Vladimir Putin’s inner circle, along with families and associates of Egypt’s former president Hosni Mubarak, Libya’s former leader Muammar Gaddafi and Syria’s president Bashar al-Assad.

Documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca, and show how the company has allegedly helped clients launder money, dodge sanctions and evade tax. 

Revelation: The so-called Panama Papers, part of a leak of 11million files, implicate those in Russian president Vladimir Putin’s inner circle, along with families and associates of Syria’s president Bashar al-Assad (right)

The unprecedented leak of confidential documents – bigger than the amount of data stolen by Edward Snowden in 2013 – reveals: 

  • A network of secret offshore deals and loans worth £1.4 billion that leads to Russian President Vladimir Putin;
  • Twelve national leaders, including Pakistan’s prime minister, president of Ukraine and the prime minister of Iceland, are among 143 politicians revealed to have offshore accounts, including several dictators;
  • Six members of the House of Lords, three former Conservative MPs and dozens of donors to British political parties are among those said to have benefited from tax havens;
  • A member of Fifa

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