The Panama Papers bombshell in a nutshell

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Toronto, April 8 (CINEWS): The Panama Papers are an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca.
Twelve national leaders are among 143 politicians, their families and close associates from around the world known have been named, they include Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt’s former president; and the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson who recently resigned. 350 Canadians are on that list. In India film stars Amitabh Bachchan and Aishwary Rai Bacchan are among others that include businessmen and politicians.
In Kenya, Kalpana Rawal, the country’s deputy Chief Justice is on that list. The extent of tax evasion is huge and it has brought out the deep dark financial secrets of the rich, famous and infamous who’ve stashed away millions, deprived their countries of much needed taxes and for the longest time have managed to get away with their financial wrongdoings.

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