April 03, 2016

"Some 72 current or former heads of state, including Russia’s President Vladimir Putin, have been linked with secret offshore deals following a leak of 11 million papers from one of the world’s largest offshore law firms, Mossack Fonseca."

quartz: The documents suggesting Putin’s connection, first reported on by The Guardian, do not feature the President’s name. by Olivia Goldhill

'However, they show that two offshore companies used to channel money are owned by one of Putin’s closest friends, concert cellist Sergei Roldugin. A suspected billion-dollar money-laundering ring involves several close Putin associates, and the Guardian reports that documents suggest the Russian leader spent the money his friends made in such deals.

'Further documents released from the secretive Panamanian firm suggest Egypt’s former president Hosni Mubarak, Libya’s former leader Muammar Gaddafi, Syria’s president Bashar al-Assad, Pakistan’s prime minister Nawaz Sharif and Iceland’s prime minister Sigmundur Davíð Gunnlaugsson also have connections to secret offshore companies.

'Gunnlaugsson has since walked out of an interview with Swedish television company SVT when questioned over his links to tax havens. He has faced calls for a snap general election, effectively a public vote of confidence, from opposition leaders following the leak.'

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