28 Sep 2016
Chair Werner Langen kicked off Tuesday’s hearing with the investigative journalists behind the Panama Papers revelations by announcing that the inquiry committee will also look into the recent Bahama Leaks affair and the case of former Commissioner Neelie Kroes, who failed to declare a directorship in an offshore firm while she held the competition portfolio.
“Ms Kroes told us she had given up all her engagements. After her hearing for that post she passed the vote in the Economic and Monetary Affairs Committee with a narrow majority of 24 to 22. With the current knowledge, the outcome could well have been different. We want to hear Ms Kroes”, Mr Langen explained.
The investigative journalists, cooperating through the Washington based International Consortium for Investigative Journalism, were welcomed with applause. They explained their findings, which are based on 2.6 terabytes of leaked information compromising banks, heads of state, ministers, criminals and other clients of Mossack Fonseca, a company offering anonymity services and low tax solutions.
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