The Putin Shuffle: Visualizing World Leaders' Hidden Wealth
A dozen heads of state or former heads of state are included in the data leak from Panamanian law firm Mossack Fonseca.By Zach Toombs | April 4, 2016
The Panama Papers are the biggest data leak in history. But that leak is so deep and so wide, it’s tough to grasp what the law firm in question actually did.
Mossack Fonseca helped world leaders and their friends hide their wealth, shuffling it through shell companies. That allowed the rich and powerful to avoid taxes and to work around around international sanctions, like those placed on Russia.
That’s where a trail of $2 billion in hidden funds leads back to Vladimir Putin, whose close friends moved money to a Putin-aligned bank, then to Panama’s Mossack Fonseca, then to an offshore company in the Virgin Islands called Sandalwood, and finally to a Russian ski resort where Putin’s youngest daughter was married in 2013.