Panama Data Leak Shines Uncomfortable Spotlight on Wealth of the Global Elite
- Leaked files draw outrage from leaders named in group's report
- Documents land at tricky time for world financial industry
Panama Leak Reports World Leaders' Hidden Billions
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From Moscow to Reykjavik to Buenos Aires and beyond, the same two words are suddenly reverberating in financial circles: offshore accounts.
No sooner did a group of media outlets report Sunday that some of the world’s wealthiest people, including politicians and business figures, had channeled billions through offshore accounts than the inevitable blowback began.