Panama Papers Reveal Global Cash Stash Of Elites

imageA huge database of leaked “Panama Papers” containing more than 200,000 offshore entities set up by the rich and wealthy elite of the world is to be made public on Monday. The leak is set to go live at 2:00 p.m. Eastern time. The searchable database includes more than 200,000 offshore companies managed under Panamanian law firm Mossack Fonseca. Telesur reports: The new data, a select part of the over 11.5 million documents of the Panama Papers, will open a searchable database to the public including the names of directors and shareholders of more than 200,000 offshore entities set up through Mossack Fonseca, as well as the intermediary agencies involved in the running accounts. The leak is set to go live at 2:00 p.m. Eastern time. The information comes as the second installment of what’s being called the largest leak in the history of data journalism that has already implicated dozens of politicians, wealthy elites, and celebrities around the world in questionable financial practices of hiding their riches in shell companies and tax havens. Read Article