The #PanamaPapers scandal explained

How biggest leak in history happened

A marquee of the Arango Orillac Building lists the Mossack Fonseca lawfirm in Panama City, April 3, 2016. Arnulfo Franco-The Associated Press

MIAMI – About 400 reporters worked on the analysis of 11.5 million files leaked from one of the world's top firms involved in maneuvering shell corporations for the world's one percent, according to the Washington-based International Consortium of Investigative Journalists

The reporters kept their work secret for about a year, as they worked on dissecting the biggest leak in history. It was only possible, because of the technology that allowed for the 4.8 million e-mails, 3 million database files and 2.1 million documents in ".PDF" format to be shared. 

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The reporting alleges that Panama-based Mossack Fonseca created shell companies for clients who may have used them to hide dirty money and avoid taxes. The data first released to a German investigative reporter in 2014 through encrypted communication tainted powerful world leaders, athletes, celebrities and business executives. 


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