Numerous confidential documents have been leaked from one of the world's most secretive law firms, exposing how the powerful and rich have hidden their money.
11.5 million tax documents have exposed the secret offshore dealings of aides to Russian president Vladimir Putin, political leaders and celebrities including Barcelona forward Lionel Messi. 500 Indians are also named in the documents.
Heads of state and dictators have been accused of laundering money, evading tax and avoiding sanction, according to the unprecedented cache of papers that show the inner workings of the law firm Mossack Fonseca, which is based in Panama.
The vast records was obtained from an anonymous source by German daily Sueddeutsche Zeitung and shared with media worldwide by the International Consortium of Investigative Journalists (ICIJ).
12 current or former heads of state are named in the investigations, including the prime ministers of Pakistan and Iceland, King of Saudi Arabia and President of Ukraine, as well as movie stars including Jackie Chan. Moreover, Chinese President Xi Jinping and his family have links to offshore accounts, and claim Iceland's prime minister secretly owned millions of dollars of bank bonds during the financial crisis.
The papers shed light on the corruption scandal engulfing FIFA ethics committee member Juan Pedro Damiani who had business ties with 3 men who have been indicted over the probe.
Disgraced UEFA chief Michel Platini allegedly used Mossack Fonseca to administer an offshore company, whereas Messi and his father apparently own a shell company not discovered in a Spanish investigation into the football star's tax affairs.
This week, Iceland's Prime Minister Sigmundur David Gunnlaugsson would face a no-confidence vote over allegations he used a secret offshore firm called Wintris Inc. to hide millions of dollars in the British Virgin Islands.
According to ICIJ, 33 people and companies listed in the documents were blacklisted by the US government for wrongdoing, including dealings with Iran, North Korea and Lebanon's Islamist group Hezbollah.