The revelations of shell companies in Panama set several incumbent leaders under pressure. They have to explain why their names - or names of close confidants - appear in the documents.
The revelations of Panama Papers bring Argentina's president Mauricio Macri in distress. The prosecutor Federico Delgado said on Thursday that he had launched an investigation against the head of state in connection with two offshore companies.
The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.
Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking.