Corruption affair at ThyssenKrupp: The fraud allegations against the ThyssenKrupp subsidiary TKIS has obviously consequences. Chief Jens Michael Wegmann admits at least one mistake. An internal investigation is initiated.
Pakistan's elite stumbles over offshore deals: The Supreme Court in Pakistan has ordered to set up an investigation commission to investigate the allegations of corruption against Premier Nawaz Sharif.
Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks.
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.