China tops the Panama Papers

May 12, 2016 | 08:16 am GMT+7

VnExpress International has analyzed the Panama Papers, the biggest data leak in history. We found that businesses from China are the biggest clients of Mossack Fonseca, the law firm that helped the world’s elite to secretly move and hide massive sums of wealth.

Over 50 percent of offshores companies in the Panama Papers are incorporated in the British Virgin Islands.

Hong Kong and Switzerland top the chart for the number of entities.

China is the biggest client Mossack Fonseca by number of registered offshore companies.

Over 100,000 entities are in default.

Source: International Consortium of Investigative Journalists (ICIJ)

 
 
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