The Panama Papers: what’s been revealed so far?
The leak of 11.5m files from the Panama-based law firm Mossack Fonseca continues to create upheaval around the world. The documents were leaked to the German daily Süddeutsche Zeitung, which shared them with the Washington-based International Consortium of Investigative Journalists, the Guardian, the BBC and other media organisations.
This is a list of principal revelations by the Guardian.
Mossack Fonseca has been providing updated responses to the revelations on a dedicated website.
The papers reveal a network of secret offshore deals and vast loans worth $2bn (£1.4bn) that lay a trail to Russia’s president, Vladimir Putin. Though his name does not appear in any of the records, the data shows how deals, that seemingly could not have been secured without his patronage, made members of his close circle fabulously wealthy.
Iceland’s PM faces calls for snap election after offshore revelations
The financial affairs of Sigmundur Davíð Gunnlaugsson and his wife have come under scrutiny in the Panama Papers. They show he co-owned a company set up in 2007 in the British Virgin Islands, to hold investments with his wealthy partner, later wife, Anna Sigurlaug Pálsdóttir. Both stressed their financial interests had always been properly disclosed to the Icelandic tax authorities.