The International Consortium of Investigative Journalists will publish on 9 May what will likely be the largest-ever release of information about secret offshore companies and the people behind them, based on data from the Panama Papers investigation,ICIJ said.
The searchable database will include information about more than 200,000 companies, trusts, foundations and funds incorporated in 21 tax havens, from Hong Kong to Nevada in the United States.
This release is the next step in our ongoing year-long investigation; ICIJ and its partners will continue to investigate and publish more stories in the weeks and months to come.
The impact of Panama Papers has been epic, ICIJ said. The investigation has led to high profile resignations, including the Prime Minister of Icelan; triggered official inquiries in multiple countries; and put pressure on world leaders and other politicians, such as Britain’s Prime Minister David Cameron, to explain their connections to offshore companies. It sparked a new sense of urgency among lawmakers and regulators to close loopholes and make information about the owners of shell companies public.
In Malta, the Panama Papers continued to put pressure on Health and Energy Minister Konrad Mizzi, who was listed among the politicians who had opened a company in Panama, as well as on Prime Minister Joseph Muscat, who has so far not taken any action against him as well as against OPM chief of staff Keith Schembri, who also opened a company in Panama.