Updated By: LatestGKGS Desk
The 'Panama Papers' are a set of confidential documents leaked from one of the biggest law firms of Panama - 'Mossack Fonseca'. The Panama Papers provide information about thousands of offshore entities, identities of their shareholders and directors.
How much data has been leaked and by whom?
The leaked data consists of 11.5 Million Documents in around 2,600 GB taken from the Mossack Fonseca's internal database by one of its employees.
These documents were obtained by Sueddeutsche Zeitung, a daily newspaper headquartered in Munich, Germany. Sueddeutsche shared the Panama Papers with the Washington-based
Sueddeutsche mentioned that an employee at the law firm had leaked the data, telling the newspaper that he had risked his life in doing so.
What does the Panama Papers reveal?
The Panama Papers contain information on 2.15 lakhs offshore entities connected to people from more than 200 countries.
The leaked data covers nearly 40 years period from 1977 through the end of 2015.
It reveals the database of individuals who have set-up offshore entities through the Panama law firm.