Mossack Fonseca News
British Prime Minister David Cameron admitted that he had held a 30,000-pound stake in an offshore fund set up by his father
From Russia to China, and Britain to Iceland, the revelations of the "Panama Papers" have tarnished officials and the wealthy over the implication that they hide riches offshore.
With actor Amitabh Bachchan's name figuring in the Panama Papers leaks, the opposition Congress in Maharashtra on Thursday sought his ouster as state's ambassador for the 'Save Tiger project' even as a BJP MLA objected to the 'vilification campaign' against the Bollywood megastar.
Ramon Fonseca said the firm, Mossack Fonseca, had broken no laws and that all its operations were legal; it had never helped anyone evade taxes.
Amitabh Bachchan has categorically denied having any knowledge of the companies he had been linked to in the Panama Papers case
A leak of 11.5 million documents from a Panama-based law firm offers a glimpse into the shadowy world where the rich and powerful hide their money, raising sharp questions about the use of shell companies that obscure the identities of their true owners.
The revelations about his father are embarrassing for David Cameron, who has sought to lead international efforts to improve financial transparency.
Yet, the Panama Papers, the 2.6 terabytes of data or over 11 million documents that have been leaked from Mossack’s secretive offices containing information about 214,500 companies in 21 offshore jurisdictions and names of over 14,000 middlemen such as banks and law firms with whom the law firm has allegedly worked, are still a revelation.
A North Korean front company used to help fund the country's nuclear weapons programme was among the clients of the Panamanian law firm
The state prosecutor's office in Panama has said it will launch an investigation into revelations contained in a massive data leak of a law firm
Regarding the Panama Papers leak, Hussain said he apartments and companies are his and according to both British and Pakistani law
Government today declared that action will be taken against "unlawful" accounts held abroad by Indians and constituted a multi-agency group to continuously monitor information in the wake of Panama Papers that named 500 people including film actors and industrialists who have allegedly stashed money in offshore entities.
Amid reports of some Indians having unaccounted wealth in tax havens, Finance Minister Arun Jaitley today said those who did not take advantage of the compliance window last year to declare illegal assets abroad will find "such adventurism extremely costly".