Panama Papers will make a more transparent world
You have probably heard the phrase “ The Panama Papers” dropped in casual conversations, emphatically reported on television and written all over newspapers by now. What exactly is going on? Over a year ago, an unknown source reached out to German Newspaper Süddeutsche Zeitung, leaking data about a Panamanian firm called Mossack Fonseca. These pages identified certain rich and powerful figures in the world and described how they had hidden their assets with the aid of Mossack Fonseca. This German newspaper reached out to a nonprofit organization called International Consortium of Investigative Journalists and after a great deal of analysis, the lid on many shady deals exploded. You can call it another Edward Snowden, but the information amounts to a total of 11.5 million files on information alleging 12 former or current leaders and a total of 128 political and/or public figures. Huge.