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World’s wealthy deny links in 'Panama Papers' leak

Monday, April 04, 2016 - 01:49

Governments across the world are investigating possible financial wrongdoing by the world's rich and powerful after a massive document leak out of Panamanian law firm Mossack Fonseca. Rough Cut - Subtitled (no reporter narration).

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ROUGH CUT - SUBTITLED (NO REPORTER NARRATION) A massive data leak out of Panamanian law firm Mossack Fonseca reveals it set up tax havens for the world's rich and powerful. Now, governments across the globe are probing possible financial wrong doing by public figures. Iceland's Prime Minister Sigmundur Gunnlaugsson says his wife's offshore haven was legitimate but he faces calls to resign. Opponents of Argentine President Mauricio Macri want him to explain his position as director of an offshore company for his wealthy father. Ukrainian President Petro Poroshenko is defending his commitment to transparency after allegations that he tried to avoid taxes. The British government is deflecting criticism of Prime Minister David Cameron after his late father's name appeared in the data leak. The leak alleges financial wrongdoing by associates of Vladimir Putin but many Russians don't think it will affect the Russian president. It's thought the Panama Papers could provide evidence of tax evasion, money laundering, sanctions busting, drug deals or other crimes. The law firm denies wrongdoing and says it's the victim of a campaign against privacy.

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World’s wealthy deny links in 'Panama Papers' leak

Monday, April 04, 2016 - 01:49