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Pakistan Top Stories

5 underrated facts about Panama Leaks

Panama Leaks have brought a new era in journalism and in world history by shaking several regimes and forced one of the most powerful Prime Ministers, British Prime Minister David Cameron to provide an explanation to the citizens of their countries.

In the midst of high profile cases a few facts have been under rated the Panama Papers reveal especially in the developing countries such as Pakistan.

Mossack Fonseca is just one company

The 11.5 million documents are leaked from just one company and there are hundreds if not thousands of companies across the globe and various in Panama working on the same pattern as Mossack Fonseca.

U.S personnel have been indicted

U.S personnel especially Central Intelligence Agency (CIA) officers and their relatives have also been indicted through these documents.

Banks are among indicted organizations

Yes, Banks such as HSBC are also among the organizations revealed to have off shore companies in Panama which makes one wonder, how long does the rabbit hole runs?

Mossack Fonseca worked with Governments as well

The reason why Mossack Fonseca has successfully evaded detection so far is because it worked with government and some of the most powerful ones such as United States Government for dealings with Iran during 1980. The details of these deals were also revealed in the leaked documents.

There is more to come

International Consortium of Investigative Journalists has just launched the most important of the information mostly regarding people in high profile positions.

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