Panama Papers reveal spies used Mossack Fonseca to conceal their 'activities'

The Munich-based newspaper said Mossack Fonseca's clients included 'several players' in the 1980s Iran-Contra scandal, which saw senior US officials facilitate secret arms sales to Iran in a bid to secure the release of American hostages and fund Nicaragua's Contra rebels.

AFP April 12, 2016 16:31:29 IST
Panama Papers reveal spies used Mossack Fonseca to conceal their 'activities'

Berlin: Secret agents from several countries, including intermediaries of the CIA, have used the services of Panamanian law firm Mossack Fonseca in order to "conceal" their activities, a German newspaper reported on Tuesday.

"Secret agents and their informants have made wide use of the company's services," wrote the newspaper, which obtained a massive stash of 11.5 million documents from the company that is sending shockwaves around the globe.

"Agents have opened shell companies to conceal their activities... Among them are close intermediaries of the CIA," the Sueddeutsche Zeitung newspaper reported.

The Munich-based newspaper said Mossack Fonseca's clients included "several players" in the 1980s Iran-Contra scandal, which saw senior US officials facilitate secret arms sales to Iran in a bid to secure the release of American hostages and fund Nicaragua's Contra rebels.

Panama Papers reveal spies used Mossack Fonseca to conceal their activities

Representational image. Getty images

The Panama Papers also reveal that "current or former high-ranking officials of the secret services of at least three countries... Saudi Arabia, Colombia and Rwanda" are listed amongst the company's clients, the Sueddeutsche said.

Among them was Sheikh Kamal Adham, the former Saudi intelligence chief who died in 1999. Adham "spent the 1970s as one of the CIA's key intermediaries" in the Middle East, the daily said.

The daily received the huge stash of Mossack Fonseca documents from an anonymous source and shared them with more than 100 media groups through the International Consortium of Investigative Journalists (ICIJ).

A week after the first revelations, the documents have shed light on how the world's rich and powerful have used offshore companies to stash their assets, forcing Iceland's prime minister to resign and putting pressure on a slew of other leaders around the world.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Out of coma, Russia's Alexei Navalny says he is now more than 'technically alive'
World

Out of coma, Russia's Alexei Navalny says he is now more than 'technically alive'

The Russian opposition leader, who is being treated for suspected nerve agent poisoning in Germany, said that once he was brought out of the coma, he was confused and couldn't find the words to respond to a doctor's questions

Russian Opposition leader Alexei Navalny, discharged from German hospital after 32 days, mocks Vladimir Putin
World

Russian Opposition leader Alexei Navalny, discharged from German hospital after 32 days, mocks Vladimir Putin

In an Instagram post, the Russian Opposition leader scoffed at Putin's comments that Navalny might have poisoned himself, saying it was a "good theory"

Bundesliga: Erling Haaland double inspires Borussia Dortmund to win over Monchengladbach; Hertha Berlin thump Werder Bremen
Sports

Bundesliga: Erling Haaland double inspires Borussia Dortmund to win over Monchengladbach; Hertha Berlin thump Werder Bremen

Coach Lucien Favre banked on youth by starting two 17-year-olds in Reyna and England Under-21 midfielder Jude Bellingham, who made his league debut, with Sancho and Haaland, both 20, leading Dortmund's attack.