News

4th April 2016

Panama Papers – global reaction to huge leak of offshore tax files – LIVE

The biggest-ever leak of secret information involves 11m documents from Panamanian law firm Mossack Fonseca. Here’s how the story is being covered around the world. Read More

4th April 2016

Tanzania: Kitilya, Two Others Charged With Laundering U.S.$6 Million

Former Taxman Harry Kitilya and two ex-senior officers of Stanbic Bank were yesterday charged at the Kisutu Resident Magistrate’s Court with eight counts including forgery and laundering of over $6 million (Sh12 billion). Apart from the former Tanzania Revenue Authority commissioner general, the others accused are… Read More

4th April 2016

Panama Papers – UK Prime Minister criticised for not cracking down on tax avoidance

David Cameron has come under fire for not cracking down on tax avoidance in the UK following the leak of more than 11 million documents reportedly showing how a Panamanian law firm helped its clients to use offshore tax havens. In 2013 the UK Prime Minister vowed to fight tax evasion… Read More

4th April 2016

Panama Papers: Pakistan PM’s family hits back

The family of Pakistani Prime Minister Nawaz Sharif was defiant today, defending their ownership of offshore companies after they were named in the Panama Papers, one of the biggest leaks in history. Read More

4th April 2016

Panama Papers: The big names caught up in the Panama Papers scandal

Petro Poroshenko, President of Ukraine; Salman bin Abdulaziz bin Abdulrahman Al Saud, King of Saudi Arabia; Li Xiaolin, daughter of former Chinese premier Li Peng; Sergey Roldugin, a close friend of Vladimir Putin; Arkady and Boris Rotenberg, also friends of Vladimir Putin; Juan Pedro Damiani, FIFA ethics committee member; Sigmundur David Gunnlaugsson, Prime Minister… Read More

4th April 2016

Panama Papers: On the eve of Dutch referendum on Ukraine, Poroshenko caught up in Panama Papers scandal

The fact that Ukraine’s president Petro Poroshenko has been caught up in the Panama Papers scandal bodes ill for the result of the impending Dutch referendum when the Dutch will vote for or against Dutch ratification of the EU-Ukraine association agreement, as well as for the just agreed US financial aid to… Read More

4th April 2016

Panama Papers: Russian media keep mum on offshore scandal

Russian media are keeping mum about the $2 billion found in offshore accounts linked to close friends of President Vladimir Putin. An investigation published by an international coalition of more than 100 media outlets on Sunday details how politicians use banks, law firms and offshore shell companies to hide their… Read More

4th April 2016

Panama Papers: What are they, who is involved and why are they important?

Heads of state, politicians, celebrities and criminals have been named in a huge cache of leaked files exposing almost 40 years of intricate methods to make use of offshore assets. Read More

4th April 2016

Romanian Media Mogul Indicted for Laundering and Tax Evasion

BUCHAREST, Romania – Prosecutors have indicted a pioneer in Romania’s post-communist media market and ten others with tax evasion, instigation to tax evasion and money laundering. The prosecutor’s office said Friday that Adrian Sarbu, founder of the Mediafax Group in 1991, Mediafax itself, former managers, finance directors and a lawyer… Read More

4th April 2016

Turkey: President’s Son Blocks Access to Websites Detailing his Criminal Connections

In complying with a request made by the Turkish president’s son, Ankara blocked websites detailing alleged criminal connections between him and a businessman recently arrested in the United States. Read More