Panama Papers trigger investigations by several countries


panama_papers how to hide a billion dollar

The Panama Papers, the largest leak of secret documents to journalists in history, has triggered investigations into illicit finance and tax dodging in several countries including Zimbabwe and South Africa.

The Reserve Bank of Zimbabwe has already indicated that it will be carrying out investigations on the named individuals.

The central bank says the country lost $1.8 billion through illicit transfers last year and $50 million in the first three months of this year.

The Insider has so far published the full list of Zimbabwean individuals and entities that were named in the Panama Papers, which triggered lot of interest in the site.

It will soon be publishing details on each individual as detailed by the International Consortium of Investigative Journalists which has set up a database of the Panama Papers.

ICIJ clearly states that the inclusion of names of individuals and entities in the papers does not implicitly imply any wrong doing as there are legal offshore accounts.

Some 11.5 million documents from a Panamanian law firm were leaked to the media, making this the biggest leak so far.

Here is a list of major information leaks released to the media in recent years. The list was compiled by the New York Times.

  • Pentagon Papers, 1971: A secret Pentagon history of the Vietnam War, disclosed by Daniel Ellsberg, a military analyst for the RAND Corporation, to The New York Times. Size: 7,000 pages, 14 megabytes
  • WikiLeaks diplomatic cables, 2010: Army Pfc. Bradley Manning, now known as Chelsea, gave WikiLeaks a huge cache of State Department cables, along with military field reports. Size: 250,000 cables, 1.7 gigabytes
  • Snowden N.S.A. files, 2013: Edward Snowden, a former National Security Agency contractor, gave journalists a large quantity of highly classified documents about the agency's activities. Size: Uncertain, but an estimate is 1.7 million documents, 60 gigabytes
  • Panama Papers, 2016: An anonymous source using the name John Doe leaked decades of records from a Panamanian law firm about offshore companies to a German newspaper. Size: 11.5 million documents, 2.6 terabytes

Related stories:

RBZ opens investigations into Zimbabweans named in the Panama papers

Full list of Zimbabwean individuals and firms named in the Panama papers

The Panama Papers- Zimbabwe must not waste this opportunity

Eight Zimbabwean entities two of which are still active named in Panama Papers

How to steal from Africa perfectly legally


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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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