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.
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.
In all, more than a dozen world leaders are linked to the Panama Papers, with more than 60 friends and associates of those leaders also shown in the leak. All of them now face questions of laundering, tax avoidance or fraud.
German newspaper Sueddeutsche Zeitung and the International Consortium of Investigative Journalists reported data leaked from Mossack Fonseca, which was shared with more than a hundred newsrooms around the globe.
This video includes images from Getty Images.
World Cup Fans Find Booze At Hotels, Qatar's 1 Liquor Store
The only store currently selling liquor in Qatar operates on an appointment system.By Petr Josek / AP
China Eases Virus Controls Amid Effort To Head Off Protests
In some areas, markets and bus service reopened, and a newspaper reported Beijing has begun allowing some people with the virus to isolate at home.By AP Photo
Ukraine's 'Mad Max' Sends 4-Wheeled Foreign Fighters Into Battle
A Ukrainian software engineer is procuring used civilian cars and trucks and souping them up to survive battle.By Max Titov
How To Become A Millionaire By The Time You Retire
How can you become a millionaire? Personal finance experts say to start your retirement saving early and sock away a certain amount every year.By AP
Browns Quarterback Deshaun Watson Returns From Suspension
Watson returned from an 11-game suspension after being accused by more than two dozen women of sexual harassment and assault during massage sessions.By Eric Christian Smith / AP
Rover Releases Most Popular Dog Names Of 2022
If you have a Max or a Luna, you're far from alone.By Niranjan Shrestha / AP