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Panama Papers trigger US criminal investigation

Bnamericas Published: Wednesday, April 20, 2016
Panama Papers trigger US criminal investigation

The US justice department has launched a criminal probe into tax evasion schemes revealed by the so-called Panama Papers.

The leak of 11.5mn secret files from Panamanian law firm Mossack Fonseca has connected 140 politicians from over 50 countries with offshore companies in tax havens.

The Panama Papers were released by the International Consortium of Investigative Journalists and name 72 current or former heads of state.

Preet Bharara, US attorney for the southern district of New York, made the probe announcement through a letter to the ICIJ, requesting help with the massive amount of information uncovered, the BBC reported.

The ICIJ worked with the BBC and many other media outlets to disclose the Panama Papers to the world. The scandal has been highly embarrassing for several heads of state as well as for Panama.

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