Iran and its proxy Hezbollah named in Panama Papers scandal


Hezbollah and  Iranian Revolutionary  guard flags
Hezbollah and Iranian Revolutionary guard flags
Iran and its Lebanese proxy Hezbollah have been implicated in the Panama Papers scandal, one of the largest document leaks in history.

According to the International Consortium of Investigative Journalists (ICIJ) — which, along with German newspaper Süddeutsche Zeitung and more than 100 other outlets, conducted a yearlong investigation — the files expose “at least 33 people and companies blacklisted by the US government because of evidence that they’d been involved in wrongdoing, such as doing business with Mexican drug lords, terrorist organizations like Hezbollah or rogue nations like North Korea and Iran.”

In addition, one of the blacklisted companies was charged by US authorities with having “supplied fuel for the aircraft that the Syrian government used to bomb and kill thousands of its own citizens.”

The leak of 11.5 million tax documents outlining the confidential dealings of Panamanian offshore law firm Mossack Fonseca has brought to light the dark side of tax havens and offshore tax laws. Initial public findings of the ICIJ investigation reveal how several companies utilized tax havens to launder money, avoid taxes and finance arms and drug deals.

The investigation also exposed the hidden assets and financial dealings of some 140 political leaders, including 12 former and current heads of state. Russian President Vladimir Putin, ICIJ investigators concluded, “secretly shuffled as much as $2 billion through banks and shadow companies.” The Kremlin dismissed reports of any misconduct by the president on Monday, accusing the US of “Putinophobia” as a means to discredit the Russian leader.

Iceland’s prime minister, Sigmunder David Gunnlaugsson, and his wife “secretly owned an offshore firm that held millions of dollars in Icelandic bank bonds during that country’s financial crisis,” the ICIJ said. The families and associates of former Egyptian president Hosni Mubarak, former Libyan leader Muammar Gaddafi and current Syrian President Bashar al-Assad are all linked to offshore companies set up by Mossack Fonseca.

“The cache of 11.5 million records shows how a global industry of law firms and big banks sells financial secrecy to politicians, fraudsters and drug traffickers as well as billionaires, celebrities and sports stars,” the ICIJ said.

Data gathered from the documents contained information on 214,488 offshore entities with connections to more than 200 countries and territories, spanning from the 1970s to the end of 2015. Mossack Fonseca denies any claims of wrongdoing and says it has been a victim of data theft. “The facts are these: while we may have been the victim of a data breach, nothing we’ve seen in this illegally obtained cache of documents suggests we’ve done anything illegal,” the firm said in a statement.

Tax authorities in several countries, including Australia and New Zealand, have launched investigations into “over 800 individual taxpayers” involvement in the scandal, Reuters reported.




8 responses to “Iran and its proxy Hezbollah named in Panama Papers scandal”

  1. 5thDrawer Avatar

    And all this is ONLY from the papers of ONE ‘company’ of ‘Legal Beagles’ working for ‘special clients’.
    The average worker doesn’t have enough money to get into this ‘business’.
    And usually has taxes deducted before the pay comes in.

    1. Hind Abyad Avatar
      Hind Abyad

      From Kubrick to Cowell: Panama Papers expose offshore dealings of the stars

      1. 5thDrawer Avatar

        Let’s admit everyone hates paying taxes … even if they love the benefits that come from them.
        The only ‘Fair’ tax-system is a ‘Flat Tax’ on all taxable entities.
        But the way MOST tax-systems are ‘planned’, with tons of convoluted rules only accountants can figure out, there are ‘perks’ for many ‘high-income’ people due to various allowable ‘deduction-rules’, which have been created because of poor-mouth tears from the theoretical ‘Money-Makers’.
        Which means the ones with the ‘most’ usually pay the least, as it happens.
        The ‘SHAME’ of then salting extra money away in ‘nefarious funds’ to avoid some taxes on even bigger incomes from those, has become almost ‘de-rigeur’ among the ‘rich & famous’. By this, they take away from their own societies which supported their rise to such positions.
        ‘Market strategy.’
        I’m sure they tell any one in ‘their sects’ that they are ‘being stupid’ if they don’t do it.

        Why do we hate paying taxes? Because OFTEN we notice how politicians waste our money.
        And then apply more tax to play ‘catch-up’. (see Ontario Liberals … etc …)

  2. Crooks in clerical cloaks. Not the first nor the last.

    1. 5thDrawer Avatar

      PACs .. and Super PACs ?? ;-))

  3. Blake Beagelsmith Avatar
    Blake Beagelsmith

    what about israehell and its proxy ISIS?

    1. Hind Abyad Avatar
      Hind Abyad

      They don’t kill each others..

    2. I’m pretty sure you can tell us all about them.

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