podcastsinenglish Level B.56 The Panama papers
Apr 28, 2016
Dive into the dark world of offshore finance and its human cost. Discover how companies fueled Syria’s air force and the subsequent sanctions. Unearth the shocking revelations from the Mossack Fonseca leak, exposing clients involved in trafficking and abuse. Learn about a scandal where Uganda lost $400 million in tax revenue, crippling healthcare. Hear calls for accountability in the offshore industry, emphasizing the need to tackle the evasion of taxes and the protection of innocent lives.
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Offshore Links To Bombing In Syria
- Syria's Air Force dropped barrel bombs and missiles on civilians, killing over 21,000 people in three years.
- Offshore companies were accused of supplying fuel to the Syrian Air Force despite international bans.
How Offshore Firms Shield Illicit Activity
- Offshore firms like Mossack Fonseca enable secretive structures that hide assets and skirt rules for the wealthy and powerful.
- Large-scale leaks revealed how these structures connect to bribery, arms deals, tax evasion, and drug trafficking.
Horrific Abuse Tied To An Offshore Client
- In Russia, traffickers kidnapped and raped orphaned girls, then sold them for sex, and one alleged ringleader was a Mossack Fonseca client.
- The firm chose not to report the client's offshore activities after learning he was a pedophile.