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One Of The Largest-Ever Data Leaks Shows How World Leaders Hide Their Cash


An explosive year-long investigation just revealed where 140 political figures—12 of whom are current or former heads of state—illegally stash their cash.

In one of the biggest data dumps ever, more than 11 million documents held by the Panama-based law firm Mossack Fonseca were leaked to the German newspaper Süddeutsche Zeitung by an unknown source, Business Insider reports.

The data reveals close aides of Russian president Vladimir Putin, "secretly shuffled as much as $2B through banks and shadow companies,” the International Consortium of Investigative Journalists says.

In records dating from 1975, other notable people were found to criminally stash cash in offshore tax havens—including the president of Ukraine, the king of Saudi Arabia and the prime ministers of Pakistan and Iceland. [BI]