07:05 GMT17 February 2020
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    #PanamaPapers: Biggest Ever Offshore Leaks (94)

    Moscow assumes "Panama papers" on offshore companies have been stolen, Russian presidential spokesman said Tuesday.

    MOSCOW (Sputnik) — Moscow believes that so-called Panama papers on shell firms were stolen from the Panamanian company and that offshore companies in general are not illegal, the presidential spokesman said Tuesday.

    "Offshores per se are not something illegal. And Panama papers are stolen documents, if we call things by their proper names," Dmitry Peskov said.

    On Monday, the International Consortium of Independent Journalists (ICIJ) published documents on 320,000 offshore accounts that were leaked from the Panama-based law firm Mossack Fonseca.

    "I would not link the push against offshores to the Panama papers. They are totally different things. ‘De-offshorization' exists in the Russian economy, but no one has banned offshore companies. There is nothing inherently illegal in offshore companies, and this is an important point to remember. It is only illegal when it is an attempt to evade taxes…"

    In April, the German newspaper Sueddeutsche Zeitung exposed the alleged involvement of the world's wealthy including a number of former and current leaders, in offshore schemes by publishing materials it claimed came from Mossack Fonseca, a Panama firm selling offshore companies.

    Mossack Fonseca refused to confirm that the leaked papers were authentic, although it claimed that it had been hacked.

    #PanamaPapers: Biggest Ever Offshore Leaks (94)


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    offshore companies, Panama papers, Mossack Fonseca & Co, Consortium of Investigative Journalists (ICIJ), Dmitry Peskov, Panama
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