By definition, there is nothing wrong with owning an offshore company. However, it becomes rather fascinating when those who do deny it, especially when the entities in question are domiciled in places that attract certain types who present perturbations to the international finance system. As NTIBINYANE NTIBINYANE of INK Centre for Investigative Journalism reports, an international probe points at Ram of Choppies fame as one such person
Africa receives $50 billion of foreign aid money annually, but then loses roughly the same amount through illicit outflows. Can you uncover Africa’s offshore empires? Play now!
An exceptional diamond agreement revealed by Mossack Fonseca, a Panama-based offshore service provider, obtained by the International Consortium of Investigative Journalists, raises questions about the secrecy that shapes Botswana’s diamond industry.
As of 2010 about 21 to 32 Trillion Dollars of Offshore private financial wealth was invested through haven and one of those havens is Panama. For anyone with money to hide Panama is in the business of keeping secrets; dictators, thieves, drug lords and tax sheets find this tiny nation a safe place to stash their cash…