Leaks reveal secrets of the rich who hide cash offshore: How 86 journalists in 46 countries can work on a single investigation

piggy-bank-offshore-banking-beach

Over 2.5 million files analyzed by a global team of journalists reveal financial information about politicians, fundraisers. and celebrities from over 170 different countries.

On Thursday morning, the International Consortium of Investigative Journalists— a project of the Center for Public Integrity — will begin releasing detailed reports on the workings of offshore tax havens. A little over a year ago, 260 gigabytes of data were leaked to ICIJ executive dIrector Gerard Ryle; they contained information about the finances of individuals in over 170 countries.

***

British Virgin Islands

Offshore financial industry leak exposes identities of 1,000s of holders of anonymous wealth from around the world

Millions of internal records have leaked from Britain’s offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife.

The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands (BVI), has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas havens.

Advertisements