– Latest allegations –
Among the latest allegations of the Panama Papers investigations:
– A North Korean front company used to help fund the country’s nuclear weapons programme, Pyongyang-based DCB Finance Ltd, was among Mossack Fonseca’s clients, according to the BBC and The Guardian.
– Prime Minister David Cameron’s father ran an offshore fund that paid no tax in Britain for 30 years, according to the Panama Papers probe. Cameron’s Downing Street office insisted it was a “private matter” although a government source later told AFP that the prime minister himself did not have any such funds.
– Aides to French far-right leader Marine Le Pen put in place a “sophisticated offshore system” to hide money, according to Le Monde newspaper.
– Syria used Mossack Fonseca to create shell companies to help it break international sanctions and fund its war effort, the French paper said.
The papers, from around 214,000 offshore entities covering almost 40 years, also name the president of Ukraine and the king of Saudi Arabia. Ukrainian President Petro Poroshenko denied any wrongdoing, but he may face an attempt to impeach him.
One of the Panama law firm’s founders, Ramon Fonseca, told AFP the leaks themselves were “a crime, a felony” and “an attack on Panama”.
Mossack Fonseca is subject to investigations in Germany and also in Brazil, where it is part of a huge money laundering probe that has threatened to topple the current government.
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