Local April 4, 2016 | 4:37 pm

The 57 Dominican links to the Panama Papers, reports

The dominican link to the PanamaPapers, reports

Santo Domingo.- Citing participation fromRussia’s Vladimir Putin to Argentina’s Mauricio Macri, the InternationalConsortium of Investigative Journalists (ICIJ) on Sunday published a massiveleak of documents, dubbed the Panama Papers. CNN, reports Monday.

Local media report that in thePanama Papers also figure 486 companies and 57 clients from the Dominican Republic.

“ICIJ and an internationalcoalition of media outlets investigated the trove of papers which allegedlyreveal a clandestine network involving associates of Russian President VladimirPutin, and business ties between a member of FIFA’s ethics committee and men whomthe United States has indicted for corruption,” CNN reports.

It said the more than 11 milliondocuments, which date back four decades, are allegedly connected to Panama lawfirm Mossack Fonseca. ICIJ reports that the firm helped establish secret shellcompanies and offshore accounts for global power players. ICIJ reports that a2015 audit found that Mossack Fonseca knew the identities of the real owners ofjust 204 of 14,086 companies it had incorporated in Seychelles, an Indian Ocean

“The documents do not necessarilyindicate illegal activity. But shell companies and offshore accounts can beused to mask the origin of financial transactions and ownership. The filesinclude people and companies that the U.S. has blacklisted due to drug traffickingand terrorism links,” the outlet said, quoting ICIJ.


The documents mention 12 currentor former world leaders, as well as 128 other politicians and public officials.

In addition to Putin and FIFA,and Macri, the papers also allege involvement by Iceland’s prime ministerSigmundur David Gunnlaugsson, among others.

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