Panama Papers source offers to help with prosecution


The anonymous source behind the leak of the Panama Papers has spoken for the first time, offering to help law authorities make prosecutions in return for immunity.

In a 1,800-word statement, “John Doe” revealed he has never worked for a spy agency or a government.

He started the statement by citing “income equality” as a motive.

The Panama Papers had shown how some wealthy people used offshore firms to evade tax and avoid sanctions, the BBC reports.

The papers belonged to the Mossack Fonseca law firm.

It denied any wrongdoing and said it is the victim of a hack.

It was investigated by hundreds of investigative journalists, including from the BBC, who worked in secret with the International Consortium of Investigative Journalists (ICIJ) for months.

The documents had revealed the hidden assets of hundreds of politicians, officials, current and former national leaders, celebrities and sports stars.

More than 200,000 shell companies, foundations and trusts set up in tax havens around the world were listed in the documents.

The John Doe statement came shortly before United States President, Barack Obama, delivered an address on the economy, in which he cited the Panama Papers as highlighting the problem of corruption and tax evasion.

He said the U.S would require banks to identify those behind shell corporations.



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