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    A view of the Arango Orillac Building where offices of the Mossack Fonseca law firm are located, in Panama City, Monday, April 4, 2016

    Bulgaria Ready to Investigate #PanamaPapers Offshore Links

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    #PanamaPapers: Biggest Ever Offshore Leaks (94)

    Bulgarian Finance Minister Vladislav Goranov made clear that his office and the National Revenue Agency (NRA) stand ready to look into allegations of Bulgarian nationals running or being linked to tax havens, a Bulgarian radio station reported.

    MOSCOW (Sputnik) – At least 50 Bulgarian firms, 16 owners and 78 shareholders have been reportedly linked to offshore companies since the so-called Panama Papers were leaked on April 3. A further 100 directors, agents, lawyers or liquidators have been implicated.

    "For me, the use of offshore companies shows that you want to run away from something, whether from your identity, whether the origin of the funds, whether from taxation," Goranov said as quoted by the Bulgarian National Radio on Tuesday.

    Goranov stressed that Sofia had "our instruments to collect what is owed."

    Germany’s Suddeutsche Zeitung published materials it claimed came from the Mossack Fonseca, a Panama-based law firm that sells offshore shell companies, exposing the alleged involvement of a number of world leaders and their circles in tax havens schemes.

    Mossack Fonseca refused to validate the information contained in the leaks and accused reporters of gaining unauthorized access to its proprietary documents. It warned that using unlawfully-obtained data was a crime that it would not hesitate to punish by legal means.

    #PanamaPapers: Biggest Ever Offshore Leaks (94)


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