Eli5: what are the Panama Papers and what did they expose?
In: Culture
The Panama Papers have some interesting revelations about where some serious sums of illegitimate money are being held. For one example, there is a multibillion dollar account from a close friend of Putin that potentially suggest funneling of Russian taxpayer funds offshore to be lavishly spent in western countries at the expense of the Russian people.
My source on that is just connecting the dots from the book Red Notice by William Browder. Some of the funds involved in the Russian tax rebate scandal that Magnitsky uncovered were linked to that account IIRC. When magnitsky act was passed, the funds that the oligarchs (those involved in gross human rights violations at least) had been funneling offshore were in jeopardy.
Latest Answers