A massive leak of documents from a Panama law firm specializing in tax havens implicates dozens of politicians and officials from around the world in shady offshore holdings. The millions of leaked documents were handed to a German paper, which shared it with other news outlets. Two major Israeli banks are said to be among the organizations named in the leaked documents.
According to Haaretz, the documents show that Bank Hapoalim used the Panamanian law firm to manage activity for various trust funds until 2011. The paper also claims that the leaked documents include multiple correspondences regarding Bank Leumi operations in the Channel Islands, long considered to be a tax haven.
Individuals named in the so-called “Panama Papers” include Saudi Crown Prince Mohammad al-Saud; a confidant of Palestinian Authority President Mahmoud Abbas; and numerous associates of Russian President Vladimir Putin.
The list also includes current and former ministers from Argentina, Angola, France, Iceland and Malta, as well as high-ranking officials from the UK, Hungary, Kenya and Brazil.
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From the Liveblog of
Sunday, April 3, 2016
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