panamapapers

On April 2016, the ICIJ (International Consortium of Investigative Journalists) revealed the largest leak in offshore history. 11.5 millions of leaked documents that shine a light on the shadowy world of offshore finance. The leak was originally made by ‘John Doe’ to Süddeutsche Zeitung journalists Bastian Obermayer and Frederik Obermaier, who sought the participation of the ICIJ in the examination and publication of some of the data.

 

The Panama Papers exposed how some of the world’s wealthiest people have used shell companies to avoid taxes. Celebrities, billionaire company owners, drug smugglers, sport stars, fraudster, politicians and public officials coming from 200 countries are connected by the services of the Panamanian law firm Mossack Fonseca that created more than 214,000 offshore entities for their clients.

 

“The collective impact of these failures has been a complete erosion of ethical standards, ultimately leading to a novel system we still call Capitalism, but which is tantamount to economic slavery. In this system—our system—the slaves are unaware both of their status and of their masters, who exist in a world apart where the intangible shackles are carefully hidden amongst reams of unreachable legalese.” – John Doe

 

Here you can find the complete database and below a video with Marina Walkers, deputy director of the ICIJ, explaining the work behind the leak.