“A quater (sic) of Iceland´s cabinet members held offshore companies – even the current prime minister. Sigmundur David Gunnlaugsson is suspected of having been influenced, also by personal interests in his fight against the banking crisis.”
A new massive leak was revealed today.
A storm is coming
The interrogation room in which Iceland’s recent history was rewritten is sparse, furnished only with a table, some chairs, and a computer. A camera is fixed to the wall, and the frosted, double-glazed windows have completely blocked out the sound of the gale-force winds in Reykjavik’s Faxafloi Bay.
It was in this room that some of Iceland’s most powerful bankers, executives, and investors had to answer to special investigator Olaf Hauksson. A tall man with a heavy build, Haukkson has spent the past six years investigating the transactions that brought Iceland’s economy to its knees in October 2008.
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About the Panama Papers
Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) and submitted encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world. These shell firms enable their owners to cover up their business dealings, no matter how shady.
In the months that followed, the number of documents continued to grow far beyond the original leak. Ultimately, SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with. The source wanted neither financial compensation nor anything else in return, apart from a few security measures.
Americans were already named in the documents, who are mostly hedgefunders who have previously been indicted for tax fraud. They have not listed all of the Americans yet. I am not going to post the link since you prefer no links in comments. I posted those links on my blog though.
Also, check out Mossack Fonseca’s statement on their website. They are saying that they are being portrayed in an inaccurate view of the services that they provide.