He is co-author of the book Panama Papers: The Story of a Worldwide Revelation.
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CNN spoke with the International Consortium of Investigative Journalists (ICIJ) director regarding the source, legality and credibility surrounding the scandal. “This is a hack”, Fonseca told the news service.
“Mrs Cameron owns a small number of shares connected to her father’s land, which she declares on her tax return”.
The Labour leader said: “It’s a private matter in so far as it’s a privately held interest, but it’s not a private matter if tax has not been paid”.
About a dozen current and former world leaders and 140 political figures were named in the 11 million documents leaked from Panamanian law firm Mossack Fonseca.
Credit Suisse chief executive Tidjane Thiam said Tuesday the bank would only endorse “legitimate” offshore arrangements.
Sigmundur David Gunnlaugsson quit in the face of mass protests over reported offshore financial dealings by him and his wife.
China’s online censors are restricting many search results and discussions on social media involving the terms “Panama Papers” and “Panama”.
France announced on Tuesday it would put the Central American nation back on its blacklist of uncooperative tax jurisdictions.
Who is implicated in the documents? .
It provides data on the financial activities of more than 120 other politicians and public officials from different countries.
So how do you turn mountains of data into a week’s worth of news headlines which have seen leaders step down and raised serious questions about the inner workings of tax havens? Moscow has dismissed the reports about the Putin associates as a “series of fibs”.
A key member of FIFA’s powerful ethics committee acted as a lawyer for individuals and companies recently charged with bribery and corruption.
Henry said while the actions described in the documents are not necessarily illegal – a judicial body will have to make that determination – the practices are indefensible and prosecutors are investigating the documents.
– A North Korean front company used to help fund the country’s nuclear weapons programme, Pyongyang-based DCB Finance Ltd, was among the clients of the Panamanian law firm at the centre of a massive data leak, according to the BBC and The Guardian.
Legal firm Mossack Fonseca listed these firms, many of which are shell companies used by their stakeholders as a means of avoiding taxes and duties.
The leak is one of the biggest ever.
“We are amazed that nobody has said: “Hey, a crime has been committed here”, founding Mossack Fonseca partner Ramon Fonseca told Reuters news agency.
In a statement to CNN, the firm denied that numerous people named by the reports were its clients.
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Asked if he had any offshore holding linked to the Panama Papers, he joked “I wish”.
