April 25, 2016

Serbia: See no evil

By Bojana Jovanović, Pavle Petrović (KRIK) and Anna Csonka (Direkt36) In May 2014, lawyers from Budapest, Hungary, needed to arrange a power of attorney for an offshore company related to Serbian businessman Igor Sabo. So they emailed an agent at Mossack Fonseca, a Panamanian offshore services provider, seeking documents regarding […]

April 20, 2016

Mali’s Friend Founds Offshores in Emirates

Serbian businessman Vladimir Delić, who was involved in the 2004 privatization of a railroad parts company along with Belgrade Mayor Siniša Mali and his father, has opened an offshore company in the United Arab Emirates (UAE). Delić, who left Serbia in 2009, used a UAE company to buy an international […]

April 06, 2016

Serbia: Local Businessmen Show in Leaked Data

Serbian businessmen are well represented in the records of Mossack Fonseca, a firm based in the offshore tax haven of Panama that helps clients worldwide avoid scrutiny and taxes. Details about their activities are buried in the Panama Papers, a trove of Mossack Fonseca’s internal data of obtained by the […]

April 04, 2016

How Family that Runs Azerbaijan Built an Empire of Hidden Wealth

By Will Fitzgibbon, Miranda Patrucic and Marcos García Rey; Source: ICIJ On October 31, 2003, Ilham Aliyev, the newly elected president of Azerbaijan, stood behind a podium and a profusion of white flowers to address presidents, prime ministers and 2,000 other guests assembled at the Respublika Palace. First touching the […]

April 04, 2016

Leak Ties Ethics Guru to Three Men Charged in FIFA Scandal

By Gary Rivlin, Marcos García Rey and Michael Hudson; Source: ICIJ Leaked documents reveal that the law firm of a FIFA ethics watchdog had business relationships with three men who have been indicted in the world soccer association’s corruption scandal. The confidential files disclose previously unknown dealings between the three […]

April 04, 2016

Iceland’s Prime Minister Ducks Question But the Answer Catches Up with Him

By Ryan Chittum, Jóhannes Kr. Kristjánsson, Bastian Obermayer and Frederik Obermaier, Source: ICIJ On May 15, 2014, the prime minister of Iceland stood before parliament answering questions about how aggressively his government would sniff out tax cheats and fraudsters who use secret offshore companies. Would Iceland follow Germany’s lead by […]

April 04, 2016

All Putin’s Men: Secret Records Reveal Money Network Tied to Russian Leader

By Jake Bernstein, Petra Blum, Oliver Zihlmann, David Thompson, Frederik Obermaier and Bastian Obermayer, Source: ICIJ Vladimir Putin and Sergey Roldugin forged a bond as young men. Fast friends, almost like brothers, they cruised the streets of Leningrad, singing and, in Putin’s case, occasionally getting into fistfights. As Putin rose to […]

April 03, 2016

Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption

A massive leak of documents exposes the offshore holdings of 12 current and former world leaders and reveals how associates of Russian President Vladimir Putin secretly shuffled as much as $2 billion through banks and shadow companies. The leak also provides details of the hidden financial dealings of 128 more politicians […]