Panama Papers: The latest on the data leak

Panama Papers: The latest on the data leak

Panama Papers: The latest on the data leak

Written by Tharushan Fernando

09 Apr, 2016 | 10:09 pm

The data leak that rocked the global community is still creating questions and have thrust various political and public figureheads into the spotlight, raising questions on off-shore companies and tax evasion.

Sri Lanka still in the grey

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It was reported that three Sri Lankan companies, with three clients and twenty two shareholders have been listed in the Panama Papers report.

Ajith P. Perera, the Deputy Minister of Power and Renewable Energy commented on this situation while speaking in Bandaragama on Friday.

Deputy Minister of Power and Renewable Energy, Ajith P. Perera noted that over 11 million documents from the Mossack Fonseca firm in Panama have been leaked and 2000 of those documents are pertaining to companies registered in the Seychelles.

“In the recent past, there was much interest in investing in the Seychelles”, he said and pointed out that banks were opened in the Seychelles with direct lines, and family members of the elected in the country commenced to have transactions with the Seychelles as well.

He added that 2000 leaked documents are related to companies registered in the Seychelles, and the people can understand why some went there in the first place – and the responsibility of uncovering these persons lies with the police in the country.

FILE - In this Nov. 9, 2015, file photo, a member of the black student protest group Concerned Student 1950 gestures while addressing a crowd following the announcement that University of Missouri System President Tim Wolfe would resign, at the university in Columbia, Mo. The bullet points are blunt and direct: Blacks at the University of Missouri are harassed and threatened, the university has too few African-American faculty members, administration doesn't seem to care, and all of that needs to change. A set of demands addressing those concerns is strikingly similar to demands made in 1969. But this time, it appears the university is listening. (AP Photo/Jeff Roberson, File)

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Police have raided the El Salvador offices of the Panama-based law firm at the heart of the Panama Papers scandal that has revealed how the rich and famous stashed their wealth offshore.

El Salvador’s state prosecutor’s office said on its Twitter account that the raid on the San Salvador offices of the firm, Mossack Fonseca, netted “a good amount of computer equipment”.

No arrests were made.

Authorities in El Salvador announced they had launched a probe to see if the Salvadorans identified in the Panama Papers reports had broken any law.

Reports said some 33 Salvadorans were named.

 

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Hundreds have gathered outside Downing Street demanding the resignation of P.M Cameron. Mr Cameron has denied any wrongdoing, but has admitted that he could have handled the tax row better

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