Profile in Focus | The Panama Papers Part 2 (May 2016)
Russia Is A Terrorist State: Part 3 (2011 - 2016)
Profile in Focus | The Panama Papers Part 2 (May 2016)
“Frederik Obermaier (Journalist og forfatter, Süddeutsche Zeitung) , Nina Selbo Torset (Journalist, Aftenposten) Moderator: Gøran Skaalmo (Journalist, Dagens Næringsliv)” by Nordiske Mediedager from Panama Papers - Tidenes Største Dokumentlekasje under CC BY-SA 2.0.
In May 2016, the fallout from the Panama Papers leak continued to unfold, revealing more names and exposing the extent of corruption and tax evasion. The impact of the leak was far-reaching, leading to discussions about data security and the need for global action.
The source of the leak, known as John Doe, broke their silence and spoke out about the scale of injustices that motivated the release of the Panama Papers. In a manifesto, they highlighted income inequality as a driving force behind the leak, calling for an end to the corrupt practices that allowed the global elite to hide their wealth.
The Panama Papers became more accessible to the public as an online database was launched, allowing people to search the secret accounts and uncover the names involved. Media outlets, such as The Washington Post and CNN, provided instructions on how to access and navigate the database. This development empowered individuals to explore the information for themselves and increased public awareness of the extent of offshore accounts and tax havens.
The database revealed the involvement of several notable figures and institutions. Names from various countries were implicated, including the United States, New Zealand, India, and Australia. It was discovered that large banks, such as Goldman Sachs, were legally hiding cash for their wealthy clients in offshore accounts.
The Panama Papers also had implications for public figures. Actress Emma Watson admitted to having an offshore company following exposure in the leak. The scandal even reached the highest levels of government, with Australian Prime Minister Malcolm Turnbull's name surfacing in connection with the Panama Papers.
The revelations continued to make headlines around the world. The leak exposed the involvement of individuals and companies in international bribery schemes. It also shed light on the connections between offshore companies and homes in expensive areas, highlighting the use of offshore accounts for real estate investments.
The Panama Papers leak had significant repercussions for global markets. Firms mentioned in the papers suffered a loss of $230 billion in market value, indicating the gravity of the scandal and its impact on the business world.
The leak had international ramifications as well. Connections to the Panama Papers were unearthed in countries like Scotland, Tunisia, and Uzbekistan, revealing the global reach of the corrupt practices and the need for action.
As the month came to a close, the Panama Papers continued to expose corruption and illicit financial activities. Canadian businessman Victor Dahdaleh was revealed as a key figure in an international bribery scheme, further highlighting the involvement of influential individuals in illegal activities.
The Panama Papers leak in May 2016 served as a stark reminder of the pervasive nature of corruption and tax evasion. It ignited a global conversation about the need for data security, regulatory reforms, and international cooperation to combat these practices. The revelations had far-reaching implications and forced individuals, governments, and institutions to confront the hidden world of offshore finance and take steps toward transparency and accountability.
Written in part in collaboration with ChatGPT on June 6, 2023
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Part 3 (2011 - 2016)
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Part 5 (2020 - 2021)
Part 6: (2022+)
Sources for Profile in Focus | The Panama Papers Part 2 (May 2016):
Panama Papers revelation: we must rethink data security systems - The Conversation May 4, 2016
Panama Papers: Source breaks silence on Mossack Fonseca leaks - BBC News May 6, 2016
Panama Papers source breaks silence over 'scale of injustices' - The Guardian May 6, 2016
Panama Papers: Leaker Claims Credit With Manifesto - NBC News May 6, 2016
Panama Papers' Source Explains Motivation Behind Leak - ABC News May 6, 2016
Panama Papers Source Cites 'Income Inequality' Behind Leak - VOA News May 7, 2016
Panama paper trail goes online with massive searchable database - CNET May 8, 2016
Panama Papers names going public - CBC News May 8, 2016
Panama Papers online database goes live - DW May 9, 2016
Panama Papers include dozens of Americans linked with fraud - The Irish Times May 9, 2016
Panama Papers report alleges NZ prime place for rich to hide money - Reuters May 8, 2016
Panama Papers: Offshore Accounts, Tax Havens - VOA News May 9, 2016
You can now search the Panama Papers database online - CNN May 9, 2016
Journalism Group Releases Full List Of People, Companies Named In 'Panama Papers' - NPR May 9, 2016
Panama Papers: What we know now - USA Today May 9, 2016
Panama Papers: New ICIJ Data Reveals About 2,000 Indian Links - Huffington Post May 9, 2016
Panama Papers: New Data Reveals Around 2,000 Indian Links - NDTV | Press Trust of India May 10, 2016
Here's a Running List of Every Notable Name in the Panama Papers So Far - Esquire May 11, 2016
Emma Watson Admits to Offshore Company After Exposure in the Panama Papers - TIME May 11, 2016
The Panama Papers Arrive in Tunis - Carnegie Endowment for International Peace May 11, 2016
Uzbekistan: President’s daughter and the Panama Papers - Al Jazeera May 12, 2016
What is Malcolm Turnbull's name doing in the Panama Papers? - ABC News Australia May 12, 2016
Nearly 500 New Yorkers’ offshore accounts exposed by Panama Papers - MarketWatch May 15, 2016
Offshore companies linked to homes in expensive areas - CNBC May 18, 2016
Pedro Almodóvar Explains His Connection to the Panama Papers - The New York Times May 19, 2016
Scots links unearthed in Panama Papers exposé - The Times May 22, 2016