Friday, 8 April 2016

Panama Leaks unveiled the corruption by the top leadership


Panama papers were leaked few days before and the whole world became familiar with these Panama Papers Leaks. These papers are a reflection of the world top leaders corruption as well as tax evasion by the authoritative persons in the world.
These papers were leaked out by the Law firm  of Panama. The name of this firm is Mossack Fonseca. Mossack is a special law firm which is very helpful for the outsiders in building off shore or shell companies internationally . The purpose of these companies is to protect the assets and tax evasion.

Mossack Fonseca  leaked or presented these papers to International Consortium of journalists(Investigative). The purpose of this leakage was to expose the off shore or hidden companies of famous world leaders.
 Panama Papers provide many shocking facts about the corruption in Russia , Iceland and many developing companies like Pakistan as well.

These papers show that not only the developing  countries but also in many strong and wealthiest companies  are involved in this game. These off shore companies helped those leaders to protect the assets  from taxes .
Panama papers are prepared by about 100 organizations of media and it is having the data about 2,14,000  off shore companies related to many countries.

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