Germany’s Süddeutsche Zeitung (SZ) has released the biggest leak in journalistic history, posting 11.5 million documents – it means 260 GB data (Wikileaks Cablegate/2010 had 1,7 GB data) – from a Panamanian law firm online and providing “rare insights into a world that can only exist in the shadows. It proves how a global industry led by major banks, legal firms, and asset management companies secretly manages the estates of the world’s rich and famous: from politicians, Fifa officials, fraudsters and drug smugglers, to celebrities and professional athletes.”
Among others, Mossack Fonsecas’ clients include criminals and members of various Mafia groups. The documents also expose bribery scandals and corrupt heads of state and government.
The alleged offshore companies of twelve current and former heads of state make up one of the most spectacular parts of the leak, as do the links to other leaders, and to their families, closest advisors, and friends. The Panamanian law firm also counts almost 200 other politicians from around the globe among its clients, including a number of ministers.The leak claims to expose the offshore holdings of 12 current and former world leaders (Argentina, Saudi Arabia, China, Georgia, Russia, Ukraine etc) and provides data on the financial activities of 128 other politicians and public officials from different countries. “The Panama Papers include approximately 11.5 million documents – more than the combined total of the Wikileaks Cablegate, Offshore Leaks, Lux Leaks, and Swiss Leaks” SZ said. In the past 12 months, around 400 journalists from more than 100 media organizations in over 80 countries have taken part in researching the documents. More about