World leaders hid wealth via shell companies, report alleges

Leaked files show politicians, criminals and celebrities have used banks and shadow firms to hide their finances

4th April, 2016
Panama City Pic: Pixabay

Leaked files from a Panama law firm that creates shell companies show that politicians, criminals and celebrities worldwide have used banks and shadow companies to hide their finances, according to a series of reports by the International Consortium of Investigative Journalists.

The consortium, in articles published on Sunday, said it had obtained a cache of 11.5 million records outlining the creation of more than 200,000 offshore shell companies. The trove includes offshore companies linked to...

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