100 Views

Check Out What You Need To Know About Panama Papers Scandal

What do you know about the controversial Panama Papers that has leaked millions of hidden files about leaders, politicians, footballers and celebrities who stole and hid money abroad?

A huge leak has shown how world leaders, their families and their associates use tax havens to hide their riches. But what are the Panama Papers?
What are the Panama Papers? 
The Panama Papers consist of more than 11 million documents leaked from Panamanian law firm Mossack Fonseca, which offers offshore services.
The scandal is one of the biggest data leaks ever, eclipsing the leak by whistleblower Edward Snowden and the Wikileaks controversy.
The Panama Papers, which include more than 2.6 terabytes of leaked data, show how the rich and powerful use offshore tax havens.
Who leaked the Panama Papers? 
An anonymous source leaked the files to the German newspaper Süddeutsche Zeitung.
The files were then shared with the International Consortium of Investigative Journalists (ICIJ).
The ICIJ’s year-long investigation involved more than 100 publications from nearly 80 countries.
What is Mossack Fonseca? 
Mossack Fonseca is a large international law firm which specialises in helping to set up offshore companies in tax havens.
Founded in 1977, the industry leader has headquarters in Panama and other offices in more than 40 countries around the world.
Mossack Fonseca has defended its conduct, denied wrongdoing and said it has “operated beyond reproach” for over 40 years.

Who is in the Panama Papers? 
Twelve current and former world leaders were among 143 politicians, their families and close associates are shown to have been using offshore tax havens.
Leaders include Iceland’s Prime Minister Sigmundur Davíð Gunnlaugsson, Pakistan’s prime minister, Ukraine’s president, Argentina’s president and the king of Saudi Arabia.
The papers also refer to associates of Russia’s President Vladimir Putin, six members of the House of Lords, three former Tory MPs and dozens of UK political donors.
How can you search the Panama Papers? 
Not all of the documents have been released yet and there is no centralised place to find them.
But the ICIJ has provided a list of ‘power players’ with links to related documents that have been made public.
News organistations around the world have reported on the scandal and there is in-depth coverage by German newspaper Süddeutsche Zeitung.
Source: Tori.ng

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

This Soldier Has Promised N100K To Anybody Who Helps Find His Best Friend. [Photos]
Inspiring
47 views
Inspiring
47 views

This Soldier Has Promised N100K To Anybody Who Helps Find His Best Friend. [Photos]

MT - January 18, 2018

A Nigerian soldier simply identified as Daniel is set to give out N100,000 to anybody who could find his secondary schoolmate and best friend, Anthony Nwadike a.k.a…

“Buhari Didn’t Say He May Not Contest In 2019” – Presidency Rubbishes Reuters
Politics
42 views
Politics
42 views

“Buhari Didn’t Say He May Not Contest In 2019” – Presidency Rubbishes Reuters

MT - January 18, 2018

President Muhammadu Buhari said on Thursday he does not know if he will seek re-election in 2019 and the decision is personal and also for Nigerians. Buhari,…

Governor Ortom Reacts To Claims By Prof. Muhammad That Benue State Belongs To Fulani
Politics
48 views
Politics
48 views

Governor Ortom Reacts To Claims By Prof. Muhammad That Benue State Belongs To Fulani

MT - January 18, 2018

The Benue State Government has reacted to the claim by Professor Umar Labdo Muhammad of the Faculty of Humanities, Northwest University, Kano that Benue State belongs to…

See How Patience Jonathan’s Multimillion Naira Abuja Property Was Demolished (VIDEO)
Politics
53 views
Politics
53 views

See How Patience Jonathan’s Multimillion Naira Abuja Property Was Demolished (VIDEO)

MT - January 18, 2018

These are not the happiest of times for Nigeria’s former first lady, Patience Jonathan after the Court of Appeal (Lagos Division) on Friday upheld an order of…

Reekado Banks Manager, Temi, Arrested Over Two Million Naira
Entertainment
40 views
Entertainment
40 views

Reekado Banks Manager, Temi, Arrested Over Two Million Naira

MT - January 18, 2018

Mavin singer, Reekado Banks has been dragged to the police station for failing to show up at an event he received 2 million naira for, LIB claims.…

How To Fight Malaria With Toothpaste – New Study
Food and Health
47 views
Food and Health
47 views

How To Fight Malaria With Toothpaste – New Study

PH - January 18, 2018

Research carried out in part by an Artificially-Intelligent (AI)’robot scientist’ has found that a common ingredient of toothpaste could be developed to fight drug-resistant strains of malaria.…

Reasons Why Your Smartphone Gets Hot – What You Need To Know
Inspiring
56 views
Inspiring
56 views

Reasons Why Your Smartphone Gets Hot – What You Need To Know

MT - January 18, 2018

  Ever had that experience where your smartphone gets so hot you think it’ll explode? You are eventually left wondering if it’s a phone issue, a battery…

6 Health Benefits Of Laughter: Why Humor Is Your Best Medicine
Best of Nigeria
39 views
Best of Nigeria
39 views

6 Health Benefits Of Laughter: Why Humor Is Your Best Medicine

MT - January 18, 2018

  Laughter which is just as natural as breathing, is a physical response to stimuli when our senses are exposed to something good or “funny”. Even a slight…

Li-Fi: How Scientists Will Replace Wi-Fi With Super Fast Internet Speed Li-Fi
Technology
48 views
Technology
48 views

Li-Fi: How Scientists Will Replace Wi-Fi With Super Fast Internet Speed Li-Fi

MT - January 18, 2018

  Light Fidelity or Li-Fi is a new scientific breakthrough which promises to make our phones and laptops a lot faster. It is a Visible Light Communications…

Wives Of Nigerian Billionaires: The 6 Success Pillars You Must Know
Best of Nigeria
59 views
Best of Nigeria
59 views

Wives Of Nigerian Billionaires: The 6 Success Pillars You Must Know

MT - January 18, 2018

  Behind the money, fame and power that popular Nigerian billionaires exude are some women of steel who you may never have heard of. While trying to…

7 Amazing Reasons Why You Should Own A Dog
Lifestyle
44 views
Lifestyle
44 views

7 Amazing Reasons Why You Should Own A Dog

MT - January 18, 2018

  Dogs have over the years been known as man’s best friend and it has been shown that a dog offers more than just companionship to its owners.…

Soy Milk: 5 Reasons Why This Healthy Drink Is Ideal For Your Diet
Food and Health
41 views
Food and Health
41 views

Soy Milk: 5 Reasons Why This Healthy Drink Is Ideal For Your Diet

MT - January 18, 2018

Soy milk produced from soybeans is a natural plant beverage which offers high nutritional value and a good dairy alternative. It is generally believed that soy milk is healthier…

Lady Who Says She Can’t Date A Guy That Earns 100k Spotted Begging Don Jazzy & Tekno For 50k
Shocking
47 views
Shocking
47 views

Lady Who Says She Can’t Date A Guy That Earns 100k Spotted Begging Don Jazzy & Tekno For 50k

MT - January 18, 2018

Yesterday, a social media user, Toke caused an uproar on social media, after she declined a request to date a guy who earns N100,000 salary monthly. She…

Yoruba Actress And Mother of 2, Iyabo Ojo Shares Lovely Family Photos With Her Kids
Entertainment
51 views
Entertainment
51 views

Yoruba Actress And Mother of 2, Iyabo Ojo Shares Lovely Family Photos With Her Kids

MT - January 18, 2018

Nollywood Yoruba actress Iyabo Ojo and single mum of two has just released some new family photos and we are loving them! Recall she narrated how she…

Pretty Burn Survivor, Shares Touching Story Of How She Suffered 3rd Degree Burns and 4 Surgeries -Photo
Inspiring
75 views
Inspiring
75 views

Pretty Burn Survivor, Shares Touching Story Of How She Suffered 3rd Degree Burns and 4 Surgeries -Photo

MT - January 18, 2018

Julie S.-Future is a 24-year old burn survivor who suffered a terrible accident in 2016 that left parts of her skin cooked, spent 4 weeks in the…

Face Of Nigerian Billionaire, Walter Wagbatsoma Jailed In UK Over N754million Oil Subsidy Fraud
Shocking
70 views
Shocking
70 views

Face Of Nigerian Billionaire, Walter Wagbatsoma Jailed In UK Over N754million Oil Subsidy Fraud

MT - January 18, 2018

Walter Wagbatsoma, chairman, Ontario Oil & Gas Limited who was sentenced to 10 years following his prosecution by EFCC for N754million oil subsidy fraud, has been convicted…

Former Beauty Queen, Anna Banner Still As Stunning As The 1st Day She Won The Pageant (See Photos)
Entertainment
62 views
Entertainment
62 views

Former Beauty Queen, Anna Banner Still As Stunning As The 1st Day She Won The Pageant (See Photos)

MT - January 18, 2018

Former most beautiful girl Anna Banner still as Stunning as the first day she won the pageant!

Revealed: See The 3 Countries To Face Super Eagles In 2018 World Cup Warm-Up
Sports
76 views
Sports
76 views

Revealed: See The 3 Countries To Face Super Eagles In 2018 World Cup Warm-Up

MT - January 18, 2018

Nigeria has on Wednesday announced friendlies against Serbia, Czech Republic, and Congo as part of their preparations for the World Cup finals, NAN reports. The president of…

Loading...