A huge leak of data from Panama has exposed a web of secret offshore companies that has allegedly been used to hide wealth, evade taxes and launder money. Hundreds of politicians, business people and sportspeople, including 72 current or former heads of state, have been implicated in the findings published by the International Consortium of Investigative Journalists (ICIJ).
What has been leaked?
The report is based on a data leak from Mossack Fonseca, a Panamanian law firm, of 11.5m records for 214,488 entities connected to people in more than 200 countries or territories. The leak includes emails, financial spreadsheets, passport information and corporate records. It spans almost 40 years, from 1977 through to the end of 2015.