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DarkKnightNomeD

Panama Papers names to be made public tomorrow

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hahaha wooooooo bbboyyyyyyyyy  hahhaha - Ric Flair  CALLIN YOU OUT!!!!

Panama Papers names to be made public tomorrow

Journalist group plans to publish identities of people behind more than 200,000 offshore accounts

By Zach Dubinsky, CBC News Posted: May 08, 2016 5:00 AM ET

http://www.cbc.ca/news/world/panama-papers-icij-database-names-public-1.3572138

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Russian President Vladimir Putin, right, and his close friend cellist Sergei Roldugin were among the first names to emerge from the Panama Papers, with some of the leaked records putting Roldugin atop an offshore empire worth more than $2 billion US. Now, tens of thousands of more names are being released. (Dmitry Astakhov/AFP/Getty Images)

They hoped to keep their business private, but some of the world's richest citizens will instead have their finances opened to prying eyes.

Confidential details of more than 200,000 offshore accounts in the Panama Papers — including the names of at least 625 Canadians — will be revealed tomorrow, in the hope that public scrutiny of the material will generate hundreds of tips about possible corruption and tax dodging..

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The new information, to be released online at 2 p.m. ET in a searchable database, will list:

The name of anyone listed as a director or shareholder of an offshore company in the huge Panama Papers leak.

The names and addresses of more than 200,000 offshore companies, though in most cases, the ultimate owner is still shrouded in secrecy.

The identities of dozens of intermediary agencies that helped set up and run those accounts in tandem with Mossack Fonseca, the Panamanian law firm from which the records were leaked.

CBC News and the Toronto Star, who have exclusive access in Canada to the leaked data, will be publishing a series of stories on Canadians named in it. Those include an examination of a lawyer who was known as a "go to" for wealthy people hoping to move money offshore, and of a convicted fraudster who set up 60 corporations in various tax havens.

Until now, only select names of high prominence have been made public since a group of global media outlets, including CBC and the Star, broke news of the Panama Papers last month.

"We think this is a logical next step in the investigation," said Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ), the Washington-based organization that has been co-ordinating reporting on the records.

"We have 370 journalists around the world looking at the data, but it's so vast, I mean 11½ million documents," Ryle said. "We know we've missed things."

Private documents withheld

Among the 2.6 terabytes of information leaked from Mossack Fonseca, the CBC and the Star have identified around 625 Canadians whose names could be exposed.

The ICIJ has said all along it intended to publish the list of names and accounts in the Panama Papers — which it got from two German journalists who obtained the leak from a source — while withholding the actual documents. Those documents include everything from copies of people's passports to telephone numbers, Mossack Fonseca's internal emails and, in some cases, financial records, material that will not be included in tomorrow's release and will remain available only to the ICIJ and its journalist partners like CBC and the Star.

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