Fallout from the Panama Papers leak
This week 11.5 million documents from legal firm Mossack
Fonseca, based in Panama, were leaked to the media. This is largest
ever leak in whistleblower history – bigger than the
WikiLeaks revelations of 2010.
The documents shed light on hundreds of accounts and companies
primarily set up to minimise tax liabilities of their owners. There
have also been allegations that the funds held here may have been
involved in fraud and money laundering.
Influential figures from across the globe have been connected to
the firm. These individuals include 12 current or former heads of
state and government, such as Icelandic Prime Minister Sigmundur
Gunnlaugsson, who has since stepped down after protests over his
failure to declare an interest in the company Wintris when entering
parliament in 2009. He sold his 50% stake to his wife, Anna
Sigurlaug Palsdottir, for $1 eight months later. There has also
been criticism of the British Prime
