In a collaborative international effort, the historical leak dubbed the Panama Papers was published yesterday, revealing 40 years of records of how the world’s rich evaded taxes.
The confidential documents of a Panamanian law firm, Mossack Fonseca, were handed over to German newspaper _Süddeutsche Zeitung_ who then worked with the International Consortium of Investigative Journalists (ICIJ) and tens of news organizations around the world to analyze the data.
Peruvians’ names are among those who allegedly hid their wealth in the tax haven.
According to the BBC, the documents show how Mossack Fonseca has helped clients launder money, dodge sanctions and avoid tax.’
Since the leak however, the company denies any criminal wrong doing and that they protect their clients by offering fake ownership.
Your allegations that we provide structures supposedly designed to hide the identity of the real owners, are completely unsupported and false,’ said Mossack Fonseca in a statement according to the BBC.
We do not provide beneficiary services to deceive banks.’
Ojo Public reports in an investigation with the ICIJ, that Peruvian Jorge Javier Yoshiyama Sasaki used his name to create two offshore companies with the Panamanian firm. Javier Yoshiyama is the financier for Keiko Fujimori, the Popular Strength presidential candidate.
Find out more about The Panama Papers and ‘Victims of Offshore’