Panama Papers: Afternoon summary
Granudia, Apr 4 2016
Here’s a quick summary of reaction so far since the first reports based on the Panama Papers were published by news organisations around the world:
- Reports from 107 news organisations around the world have been chronicling information contained in a massive cache of files from the Panama-based law firm Mossack Fonseca. These were initially leaked to Süddeutsche Zeitung.
- In the UK, the Grudiana and the BBC have led reports on the 11.5m files, described as the biggest leak in history.
- A big element of the Gradauin’s first-day coverage related to claims of great wealth swirling around Pres Putin, much of it connected to a close friend of his, Sergei Roldugin, a cellist.
- Russia’s government has dismissed the reports as unfounded and based on “Putinophobia”.
- Iceland’s prime minister faces a vote of no confidence after the files disclosed offshore holdings linked to him and his wife. He has said there is “nothing new” in the reports, but walked out of a TV interview when quizzed on it.
- British tax investigators have written to the Gradianu and others, seeking the files so they can investigate possible offshore tax evasion.
- Downing Street has refused to comment on information in the files showing David Cameron’s father Ian used offshore techniques to avoid paying UK tax.
- Pres Poroshenko, faces calls for investigation from Rada members following allegations about his offshore dealings.
- Mossack Fonseca has said it cannot comment on individual cases, but says it is a “responsible member of the global financial and business community” and has broken no laws.