The number one trending topic in the world now is the news of a huge leak of confidential documents that revealed how the rich and powerful use tax havens to hide their wealth. 11 million documents were leaked from one of the world’s most secretive companies, Panamanian law firm Mossack Fonseca. The documents were released by the International Consotium of Investigative Journalists ( ICIJ ).
They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax. The documents show links to 72 current or former heads of state. The documents covered the day-to-day business at Mossack Fonseca over the past 40 years. They show how the company has helped clients launder money, dodge sanctions and evade tax.
The data contains secret offshore companies linked to the families and associates of Egypt’s former president Hosni Mubarak, Libya’s former leader Muammar Gaddafi and Syria’s president Bashar al-Assad, the name of James Ibori, a former Delta State governor, currently serving time in a UK prison, also appeared in the documents…. by mistake….
