More than 100 news organizations collaborated to report on the “Panama Papers,” a cache of 11.5 million documents that illustrate the hidden financial dealings of current and former world leaders, politicians and public officials.
Among their findings:
- Associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies.
- Offshore companies linked to the family of China’s top leader, Xi Jinping, who has vowed to fight “armies of corruption,” and Ukrainian President Petro Poroshenko, who has positioned himself as a reformer in a country shaken by corruption scandals.
- Offshore dealings by the late father of British Prime Minister David Cameron, a leader in the push for tax-haven reform.
- Iceland’s Prime Minister Sigmundur David Gunnlaugsson and his wife secretly owned an offshore firm that held millions of dollars in Icelandic bank bonds during that country’s financial crisis.
More than 370 journalists from 76 countries reviewed the leaked records, which came from Mossack Fonseca, a powerful law firm based in Panama. The firm is also one of the world’s leading creators of shell companies.