Uncategories Panama Papers leak: 7 shareholders from Nepal linked?

Wednesday 13 April 2016

| 17:58

Panama Papers leak: 7 shareholders from Nepal linked?

An interactive map published in the Irish Times, apparently based on the data collected by the International Consortium of Investigative Journalists (ICIJ) for the Panama Papers leak, suggested that there are seven people from Nepal who are shareholders in offshore firms, and linked to the possible tax evasion. The ICIJ’s exclusive website on the leak, however, has not published their names yet. ICIJ said it will release the full list of companies and people linked to them in early May. In collaboration with the German newspaper Süddeutsche Zeitung and 108 other media outlets around the globe, the ICIJ on Sunday published more than 11.5 million internal files of the law firm Mossack Fonseca, based in the tax haven of Panama.Iceland prime minister resigned after public learned that he used a shell company to shelter large sums of money. 

 The Panama Papers, which illustrate how a small class of global elites find elaborate ways to shield their wealth from tax collectors, bank regulators and police, offer a glimpse into what's driving the populist outrage that has marked this year's presidential campaign. The trove of 11.5 million leaked documents have thus far shed light mostly on foreign figures such as the prime minister of Iceland, who resigned Tuesday after the public learned that he used a shell company to shelter large sums of money while his country's economy foundered. 

 The reaction in the U.S., meanwhile, has been relatively muted. But voters and experts say the documents validate the frustration felt by Bernie Sanders' supporters on the left, who feel hard work is no longer enough to get ahead in America, and the anger of Donald Trump partisans on the right who say it will take someone who knows the insider system to dismantle it. Thehimalayantimes
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