‘Panama Papers’ reveal worldwide web of corruption by leaders and celebs

The so-called Panama Papers have been leaked to the media.

It contains more than 11 million records from a Panama-based law firm Mossack Fonseca that show how leaders, businessman and celebrities have been hiding their money in offshore tax shelters such as the British Virgin Islands or the Seychelles.

Jackie Chan and Lionel Messi - as well as Khulubuse Zuma - are among the big names mentioned in the Panama files.

The Money Show’s Bruce Whitfield interviewed Steven Powell, Forensics Executive at ENS.

Scroll down for quotes from the audio below.

This is one of the biggest scandals we’ve seen to date. It will have repercussions for many years.

Steven Powell, Forensics Executive at ENS

Tax investigators across the globe will take a major interest in this.

Steven Powell, Forensics Executive at ENS

There’s going to be the boost to the fiscus of many countries across the globe.

Steven Powell, Forensics Executive at ENS

The world is becoming a harder place to hide funds.

Steven Powell, Forensics Executive at ENS

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This article first appeared on 702 : ‘Panama Papers’ reveal worldwide web of corruption by leaders and celebs


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