The Panama Papers: ICIJ Investigators Expose Global Corruption and Crime

Corruption

The Panama Papers is an unprecedented, global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.

The International Consortium of Investigative Journalists, together with the German newspaper Suddeutsche Zeitung and more than 100 other media partners, spent a year sifting through 11.5 million leaked files to expose the offshore holdings of world political leaders, links to global scandals, and details of the hidden financial dealings of fraudsters, tax evasion, drug traffickers, billionaires, celebrities, sports stars and more.

The trove of documents is likely the biggest leak of inside information in history. It includes nearly 40 years of data from a little-known but powerful law firm based in Panama. That firm, Mossack Fonseca, has offices in more than 35 locations around the globe, and is one of the world’s top creators of shell companies, corporate structures that can be used to hide ownership of assets.

Executive producer: Hamish Boland-Rudder
Producer: Carrie Ching
Animation artist: Arthur Jones
Report: Will Fitzgibbon
Narrator: Eleanor Bell Fox
Supported by the Pulitzer Center on Crisis Reporting

ICIJ’s analysis of the leaked records revealed information on more than 214,000 offshore companies connected to people in more than 200 countries and territories.

The leaked data reveals information about 140 politicians, 12 current or former heads of state from 50 countries, including Syria’s president Bashar al-Assad, Egypt’s former president Hosni Mubarak, and Libya’s former leader Muammar Qaddafi. It reported Icelandic Prime Minister Sigmundur Gunnlaugsson stored millions of dollars of investments in Iceland’s major banks in an offshore company. The Guardian reported that Russian President Vladimir Putin’s associates secretly moved as much as $2 billion through offshore accounts. Sueddeutsche Zeitung reported Juan Pedro Damiani, the Uruguayan lawyer who is president of the country’s most popular soccer team and a FIFA ethics expert, managed companies through which FIFA members may have received bribes.

ICIJ’s data and research unit indexed, organized and analyzed the 2.6 terabytes of data that make up the leak, using collaborative platforms to communicate and share documents with over 100 news outlets and 400 journalists working in 25 languages in nearly 80 countries.

The first news reports based on the papers, and 149 of the documents themselves, were published on April 3, 2016. The ICIJ plans to publish a full list of companies involved in early May 2016.

Source: The Panama Papers | ICIJ


Related & Recommended
❋ The Panama Papers: The Power Players

❋ The Panama Papers: Explore the Panama Papers Key Figures

❋ Inside The Panama Papers: Dirty Little Secrets | FUSION (Video)

❋ The Panama Papers: Secrets Of The Super Rich | The Journeyman (Video)

❋ Panama Papers: The Real Scandal Is What’s Legal by Brooke Harrington | The Atlantic

❋ The Panama Papers: The Mysterious U.S. Connection by John Carey | WSJ

❋ Mossack Fonseca: Statement Regarding Recent Media Coverage (Web/PDF)

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