The Law Firm Mossack Fonseca & Co., who is at present in the centre of Panama Paper Scandal, says that it is filing suit against the International Consortium of Investigative Journalists (ICIJ) for the leak of information which the firm says is false.
The public got its first information related to the Panama Papers records of over 200,000 secret companies which are offshore when the ICIJ put a searchable database online earlier on Monday. The database which is built on a portion of the 11.5 million documents which is leaked from Panama’s Mossack Fonseca law firm reveals more than 360,000 names of individuals and companies behind the anonymous shell firms, the ICIJ said.
The law firm urged to the ICIJ to cease and abstain the records before leaking it online, but it moved ahead with the release.
The Panama Papers reveal the names of worlds wealthy, alongside criminals, create nominee companies to stash and transfer assets out of sight of the law and tax officials.
Reports which are already published in April based on the explosive dossier linked some of the world’s most powerful leaders, including Russian President Vladimir Putin, British Prime Minister David Cameron and others to unreported offshore companies, but the information is only limited to their names and not about those who are behind these offshore companies.
Submitted by:- JASJIT PRANJAL.
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