The Panama Papers:Why They Matter?

By:Syed Jamal Ahsan (CRN: 81960)

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

What is Panama papers?

11.5MDocuments leaked

214,488+Enities involved

2.6Terabytes (TB)

BIGGESTData leak of history

200+Countries/Territories involved

12Current or former country leaders involved

+ +100

Other Media partners

Source: International Consortium of Investigative Journalists (ICIJ)

Law firms’s 40 years documents leaked by an anonymous source John Doe

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Who is named?

King of Saudia Arabia

Iceland’s Prime Minister Children of PM Nawaz Sharif

and many more …

Father of British Prime Minister

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Is forming an offshore company illegal?Well, technically speaking, no.

But is it either?ethicaldodgeFact is, many use them to taxes and hide proceeds from

activities. criminal

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Why they matter?

Terrorism financing• How extremists became so powerful to topple a government and impose self-caliphate?

• “… breeding crime and stripping national treasuries of tax revenues.” — ICIJ

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Fraudsters, Drug Traffickers and Mafias• They form a considerable chunk of illicit off-shore structure

•“A drug boss set up a fake charity … and several shell corps donated generously.” — Irish Times

Why they matter?

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Our money against us• “World leaders who have embraced anti-corruption moves feature in the leaked documents.” — ICIJ

• “One of those companies supplied fuel for the aircraft that Syrian government used to bomb and kill thousands of its own citizens.” — ICIJ

Why they matter?

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Why they matter?

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

panamapapers.icij.org

For more details

Prepared & presented by: Syed Jamal Ahsan (CRN: 81960)

Thank you