Firm’s founder says that Panama Papers leak was a hack

However it is not surprising more than 11.5 million documents have been leaked including the financial arrangements of prominent figures, including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain and Pakistan and Chinese President Xi Jinping, and the president of Ukraine. Few Americans have been named so far, but journalists involved in the investigation say more revelations are coming.

Mercedes would not comment, while a lawyer for Rosberg told the French sports daily L’Equipe that it is a private matter.
Iceland’s Prime Minister Sigmundur David Gunnlaugsson has resigned, his party said yesterday, the first major political casualty to emerge from the leak. An anonymous source gave the records to a German newspaper, which then shared them with the International Consortium of Investigative Journalists, or ICIJ, which passed them along to its network of international media partners.
The company is privately owned and intentionally kept itself from knowing the contents of the millions of documents the ICIJ scoured using Nuix software.
It’s not against the law to have offshore financial holdings, and the leaked documents don’t necessarily indicate illegal activity.
He and his wife Anna Sigurlaug Palsdottir were found to have set up a company Wintris the British Virgin Islands with the help of Mossack Fonseca.
“This is a hack“, Fonseca, 63, told Reuters news agency at the company’s headquarters in Panama City’s business district.
Fonseca said his firm, which has set up about 250,000 offshore companies over the last four decades, has lodged a complaint about the leak of the documents with Panamanian prosecutors. However, because the firm’s data breach implicated numerous billionaires, businesspeople, and celebrities of money laundering in offshore accounts, the public interest in the firm has increased.
The Hong Kong government said in a statement that its Inland Revenue Department has taken note of the recent release of the documents and will take “necessary actions” based on any information it gets.
His late father, Ian Cameron, is mentioned in the Panama Papers, alongside some members of his Conservative Party in the upper house of parliament, former Conservative lawmakers and party donors, British media said.
Mr Corbyn also called on the Government to intervene and take direct control of the UK’s offshore tax havens.
The president of the United Arab Emirates owns London properties worth more than 1.2 billion pounds (USD 1.7 billion, 1.5 billion euros) through offshore companies revealed in the so-called Panama Papers, The Guardian reported today.
The British government on Monday asked for a copy of the leaked data so it could examine the information and act on any possible tax evasion.


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