Tuesday, May 10, 2016

Panama Papers affair widens as database goes online

The Panama Papers affair has widened, with a huge database of documents relating to more than 200,000 offshore accounts posted online.

The database became accessible from 18:00 GMT at offshoreleaks.icij.org.

The Panama Papers have shown how some wealthy people use offshore firms to evade tax and avoid sanctions.

The papers belonged to Panama-based law firm Mossack Fonseca and were leaked by a source simply known as "John Doe". The company denies any wrongdoing.

Last week it issued a "cease and desist " order to prevent the database being made public but the organisation that has the documents, the International Consortium of Investigative Journalists (ICIJ), went ahead.

http://www.bbc.com/news/world-latin-america-36249982

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