Tuesday, April 5, 2016

A protection racket

While the global media has been almost entirely focused on the "circle of close Putin friends" who have emerged as some of Mossack Fonseca's clients, and moments ago the Panama Papers even had their first official casualty when the Iceland prime minister resigned, far more amusing examples of "shell firm" perpetrators have emerged, if deep under the radar.
As Reuters reports with barely a trace of humor, the president of the Chilean branch of Transparency International resigned on Monday after documents from a Panamanian law firm showed he was linked to at least five offshore companies.
For those who are unfamiliar, Transparency International is a German-based organization that seeks to monitor and root out corporate and political corruption worldwide.

Transparency International gets the inside information on evasion, then blackmails the companies involved. 

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