On April 2, Germany’s Suddeutsche Zeitung published alleged documents from the Panamanian Mossack Fonseca company in which the newspaper confirms ties to a number of world leaders and their circles to off-shore schemes.
The German publication specifically notes Chinese President Xi Jinping, Ukrainian President Petro Poroshenko, Azeri President Ilham Aliev, Moroccan King Mohammed VI, Saudi King Alman ibn Abdul-Aziz al Saud, the late father of British Prime Minister David Cameron, and a number of individuals allegedly close to Russian President Vladimir Putin.
Amitabh Bachchan - the Time Magazine Star of the Millenium, his daughter-in-law Aishwarya Rai and another actor Ajay Devgan are being investigated under the Foreign Exchange Management Act as their names figure in the leaked Panama Papers.
The EU Parliament is to question commissioner Vera Jourova, who is responsible for the EU's anti-money-laundering policy, as part of its inquiry into the Panama Papers scandal.
Sweden's Nordea financial group said on Wednesday in a statement that it has blocked 68 accounts during its investigation into the so-called Panama Papers revelations on the use of offshore tax havens.
The European Parliament on Wednesday approved a motion to set up an inquiry committee to investigate the so-called Panama Papers revelations on the use of offshore tax havens.
Politicians in the European Parliament are to set up a new inquiry into the so-called Panama Papers, which revealed detailed information on offshore companies and their ultimate beneficiaries, despite previous inquiries failing to nail similar practices.
Japan and Panama have reached an understanding on how to share tax and shell firm data after a scandal involving a Panamanian company that allegedly helped clients evade taxes.
The dearth of Americans named in the so-called Panama Papers as hidden owners of offshore shell companies is due in part to the presence of 13 US states that permit the same asset-hiding strategy, Tax Justice Network (TJN) senior advisor James Henry told Sputnik.
Measures against corporate fraud announced by British Prime Minister David Cameron risk driving away millions in foreign investment, analysts told Sputnik.
Australian Prime Minister Malcolm Turnbull used to be the director of a British Virgin Islands company administered by Mossack Fonseca, a law firm accused of being linked to offshore schemes, The Australian Financial Review reports.
Only a handful of wealthy Americans and institutions bother to use overseas tax havens because they know the US government and financial regulators will let them get away with illegal behavior, US analysts told Sputnik.
British Prime Minister David Cameron is facing a credibility crisis on the issue of tax evasion ahead of this week's anti-corruption summit in London, with some of the UK's overseas territories resisting calls to make fresh changes on the issue of financial secrecy.
Special investigating group meeting on Panama Papers online database is held on Tuesday in Warsaw, local media reported.
A database of some 360,000 offshore accounts, published y the International Consortium of Investigative Journalists (ICIJ), has links to 97 Norwegian legal entities and citizens, according to local media.
Moscow assumes "Panama papers" on offshore companies have been stolen, Russian presidential spokesman said Tuesday.
A newly posted Panama Papers online database includes corporations tied to 36 Americans who have been accused of financial misconduct, the International Consortium of Independent Journalists (ICIJ) said in a press release.
Washington intends to take measures against tax evasion following the Panama Papers leak.
The Russian Prosecutor General's Office has sent requests to Panama concerning the Mossack Fonseca offshore leak.
The British Government is set to respond to the Panama Papers leak - which exposed how the rich and powerful use tax havens to avoid tax - by demanding that offshore companies with properties in the UK reveal their ultimate owners.
The US attorney for Manhattan has asked journalists behind the alleged Panama Papers leak for cooperation in a US Justice Department criminal inquiry into reported tax dodging, The Guardian reported.