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The International Consortium of Investigative Journalists (ICIJ) released the full list of companies and individuals in the Panama Papers on 10 May 2016. [1] ICIJ published the following disclaimer with regard to the data provided: "There are legitimate uses for offshore companies, foundations and trusts. We do not intend to suggest or imply ...
The Minister of Economy and Finance of Panama, Dulcidio de la Guardia, formerly an offshore specialist at Mossack Fonseca competitor Morgan & Morgan, said the legal but often "murky" niche of establishing offshore accounts, firms and trusts make up "less than half a percentage point" of Panama's GDP. He appeared to suggest that the publication ...
[2] [4] At one time it was the world's fourth-largest provider of offshore financial services. From its establishment in 1977 until the publication of the Panama Papers in April 2016, the company remained mostly obscured from public attention, even though it was a major firm in the global offshore industry and acted for approximately 300,000 ...
MF records show Anurag Kejriwal as director of three offshore companies based in the British Virgin Islands (BVI), and holding two private foundations in Panama and power of attorney of another BVI company. He acknowledged having had offshore companies but said he shut them down after a short period of time. [50]
The Panama Papers are 11.5 million leaked documents that detail financial and attorney-client information for more than 214,488 offshore entities. [ 1 ] [ 2 ] The documents, some dating back to the 1970s, were created by and taken from, Panamanian law firm and corporate service provider Mossack Fonseca , [ 3 ] and were leaked in 2015 by an ...
The government argued that the name "Panama" became linked to offshore companies and money laundering due to efforts from the ICIJ, despite not being the main tax haven or destination for tax structuring contrary to what the Tax Justice Network said, the ICIJ's use of "Panama Papers" caused global media to associate Panama with tax havens, and ...
The Panama Papers confirmed that the politician Stavros Papastavrou, who was the advisor of former Prime Ministers Kostas Karamanlis and Antonis Samaras, had been a member of the council of the Panamanian foundations, Green Shamrock Foundation and Diman Foundation, from 2005 to 2014. In 2006, he became deputy chairman of the Aisios Foundation ...
On April 4, 2016 Hetq Online reported that according to the Panama Papers, Major-General of Justice and head of the Armenia's Compulsory Enforcement Service Mihran Poghosyan was connected to three Panama-registered companies (Sigtem Real Estates Inc., Hopkinten Trading Inc. and Bangio Invest S.A., being the sole owner of Sigtem and Hopkinten).