Rolls-Royce plc, Britain’s leading manufacturing multinational, hired a network of agents to help it land lucrative contracts in at least 12 different countries around the world, sometimes allegedly using bribe.
“The 2015 Corruption Perceptions Index clearly shows that Corruption remains a blight around the world. But 2015 was also a year when people again took to the streets to protest Corruption. People across the globe sent a strong signal to those in power: it is time to tackle grand Corruption.”
Malaysia's prime minister Najib Razak was today cleared of Corruption as the country’s top prosecutor ruled that nearly £500million he received in his bank account was a personal donation from the Saudi royal family.
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 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.