Panama Papers: 2.6 terabyte leak exposing massive global corruption

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2-0-Sixx

2-0-Sixx

Sicc OG
#1
May 13, 2002
49,944
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Seattle
www.socialistworld.net
#1
2.6 terabyte leak of Panamanian shell company data reveals "how a global industry led by major banks, legal firms, and asset management companies secretly manages the estates of politicians, Fifa officials, fraudsters and drug smugglers, celebrities and professional athletes."

http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3c3495adf4/



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Holy shit this is gold: Icelandic PM has melt down when asked about it, speaks the universal language of FUCK I'M BUSTED!


 
Props: NotAllThere, NotAllThere, iaoish and 3 others
2-0-Sixx

2-0-Sixx

Sicc OG
#2
May 13, 2002
49,944
47,800
113
43
Seattle
www.socialistworld.net
#2
Wikileaks started tweeting documents:
https://mobile.twitter.com/wikileaks?s=09

They appear ready to release what they have of the full 11 million documents at some point (Apparently Süddeutsche Zeitung received the data and then gave it to the ICIJ people so we'll see if all of it will be released at some point).
 
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Props: SeriouslyThug and SeriouslyThug
StillHustlin

StillHustlin

MAC AVE LEE
#3
May 7, 2013
13,350
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www.hoescantstopme.biz
#3
Who should be worried?

The world’s “1 percenters.” The BBC reported 72 current and former heads of state are linked to the firm, including Russian President Vladimir Putin, as well as celebrities, business leaders and other public officials. Iceland’s Prime Minister Sigmundur Davîo Gunnlaugsson is already facing calls to resign after documents revealed he opened a shell company to allegedly hide money in the British Virgin Islands.

Other prominent names mentioned include Saudi Arabia’s King Salman, and family members and associates of British Prime Minister David Cameron, Chinese Premier Li Peng and Syrian President Bashar al-Assad.

“I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents,” ICIJ director Gerard Ryle told the BBC.

Did everyone involved break the law?

Not necessarily. Keeping money in offshore accounts can be perfectly legal, and the practice can be preferable in some countries to keep the funds protected from criminals or taxes. However, it’s also a favored method of criminals to launder money and corrupt politicians to hide funds.
 
2-0-Sixx

2-0-Sixx

Sicc OG
#4
May 13, 2002
49,944
47,800
113
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Seattle
www.socialistworld.net
#4
Lionel Messi's family denies his involvement in the matter.

"In response to the news released by various media outlets in which Lionel Messi is held responsible for the forming of a company with the aim of 'putting in place a new web of tax fraud', the Messi family wishes to make it clear that Lionel Messi has not carried out any of the actions he is accused of, the accusations of having created a new web of tax fraud and, even, money laundering, are false and libelous."



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The Ecuadorean government will be suing journalists for "baseless slander."


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Royal Bank of Canada responds to allegations that it is implicated in the Panama Papers: Royal Bank of Canada defends practices after being named in Panama Papers leak | Financial Post /u/Mastermaze


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The Deutsche and Berenberg banks, both implicated by the documents, have denied any wrongdoing; a representative from Berenberg states that there is nothing inherently illegal with offshore companies. source


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Azerbaijan presidential family discovered to have massive amounts of hidden wealth stored off-shore; source here.


Interesting article revealing Azerbaijani presidential family's involvement in a fraudulent labor scheme to fleece miners.

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Live stream of Iceland protests, [ame=https://www.youtube.com/watch?v=qMT2zZcvIi8]here[/ame], following Iceland’s Prime Ministers announcement on live television that he will not be resigning in the wake of last night’s Panama Papers revelations.



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Radical party of Oleh Lyashko initiates the beginning of impeachment process of the Ukrainian president Petro Poroshenko and demands to establish a special investigative commission in Verhovna Rada (the parliament) to investigate the situation with offshore holdings.

Source in Russian: read more
 
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Props: NotAllThere and NotAllThere
iaoish

iaoish

Sicc OG
#5
May 14, 2002
6,278
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#5
If you live in one of the 200 countries and territories that Mossack Fonseca's clients call home—and, given the fact you're reading this article, you probably do—the story of the Panama Papers is your story. The money the law firm helps to hide should be used to pay for your schools, your highways, your hospitals. The criminals it works with run the most violent illegal organizations your country has ever seen. The politicians who have taken and made bribes, dodged taxes, and amassed fortunes of unimaginable scale are your politicians.
Click to expand...

Here's Why You Should Give a Shit About the Panama Papers | VICE | Australia / NZ
 
2-0-Sixx

2-0-Sixx

Sicc OG
#7
May 13, 2002
49,944
47,800
113
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Seattle
www.socialistworld.net
#7
So the Icelandic PM, before the protests started, with a smug look on his face literally said "I'm not worried about the protests. I doubt everyone will show up". That same day he said he absolutely will not resign as PM. And what do we have today? He resigns:

Iceland's Prime Minister resigns amid Panama Papers fallout
Iceland's Prime Minister resigns amid Panama Papers fallout - CNN.com
 
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