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‘Panama Papers’ to go public tomorrow

‘Panama Papers’ to go public tomorrow
May 9, 2016
ISLAMABAD (92 News) – The second episode of "Panama Papers" trove of leaked documents revealing the vast extent of global tax evasion will be made available to the public on Monday (tomorrow). The Washington-based International Consortium of Investigative Journalists (ICIJ), which coordinated the Panama Papers investigation will release a database containing information on more than 200,000 offshore entities set up by Panamanian law firm Mossack Fonseca. From May 9, the public will be able to search information about companies, trusts, foundations, and funds incorporated in 21 different jurisdictions linking to people in more than 200 countries around the world, the organization said on Tuesday evening. “When the data is released, users will be able to search through the data and visualize the networks around thousands of offshore entities, including, when possible, Mossack Fonseca’s internal records of the company’s true owners.”   Panama Papers   The ICIJ underlined that the information is not going to be a “data dump” of original documents including personal details, email correspondence and telephone numbers but a careful and limited selection of basic corporate information “published in the public interest.” About 11.5 million leaked documents of the Panamanian law firm Mossack Fonseca, reveal the large-scale use of offshore entities to conceal assets from tax authorities. In its statement, the ICIJ had said that the public release next month "is the next step in our ongoing year-long investigation" and that it will continue to publish more stories in the coming weeks and months.
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