The "Panama papers" leak exposes the tax havens and offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies.
They also provide details of the hidden financial dealings of 128 other politicians and public officials around the world and show how a global industry of law firms and big banks sells financial secrecy to fraudsters and drug traffickers as well as billionaires, celebrities and sports stars.
The Panama Papers expose the tax havens and offshore companies controlled by the prime ministers of Iceland, Pakistan, Ukraine, the king of Saudi Arabia, The president of Argentina, The former Prime Minister of Georgia, Bashar al-Assad ’s cousins, the children of the president of Azerbaijan, the family of the Chinese president and the father of the UK's prime minister.
Watch the reaction of the Icelandic prime minster when he was asked about his tax haven :
The leaked records – which were reviewed by a team of more than 370 journalists from nearly 80 countries – come from a little-known but powerful law firm based in Panama, Mossack Fonseca, that has branches in London, Beijing, Miami, Zurich and more than 35 other places around the globe.