Over 214,000 offshore entities are involved in financial transactions in more than 200 countries and territories around the world, according to the consortium. The use of offshore companies, the key tools of tax evasion, is a practice allowed in most countries.
Among those mentioned in the millions of documents including listed associates of Russian President Vladimir Putin, who embezzled up to $ 2 billion with the help of banks and shell companies, according to ICIJ. The king of Saudi Arabia, Salman of Saudi Arabia, President of the UAE and Ruler of Abu Dhabi, Sheikh Khalifa bin Zayed Al Nahyan, the former emir of Qatar, Sheikh Hamad bin Khalifa al-Thani and cousins of Syrian President Bashar al-Assad are also mentioned.
African leaders are also mentioned, although no head of state in the exercise personally. Only the former Sudanese President al-Amad Ali Mirghani, who died in 2008, had assets in a tax haven.
Relatives of the president are however. Among them include Clive Khulubuse Zuma, nephew of South African President Jacob Zuma, Mamadie Touré, the fourth wife of former Head of State of Guinea Lansana Conté (which is already widely cited in a mining bribery case in Simandou), Mounir Majidi, private secretary of the king of Morocco, Alaa Mubarak, the eldest son of former Egyptian president, but John Addo Kufuor, the eldest son of former Ghanaian President John Kufuour. Finally, the Ivorian banker Jean-Claude N’Da Ametchi, former member of President Laurent Gbagbo and today close to Charles Konan Banny, has, according to documents of the ICIJ, assets in an offshore company and an account in Monaco.
Among the mentioned African political leaders appear Jaynet Désirée Kabila Kyungu (MP and twin sister of DRC President Joseph Kabila), Abdeslam Bouchouareb (MP and Algerian Minister of Industry and Mines), José Maria Botelho de Vasconcelos (Angolan minister Oil), Kalpana Rawal (Vice-President of the Supreme Court of Kenya), Bruno Jean-Richard Itoua (former Minister of Energy and Water and current Minister of scientific Research and technical Innovation of Congo -Brazzaville), Brigadier General Emmanuel Ndahiro (director of the Rwandan intelligence agency from 2004 to 2011) and the Senegalese Pape Mamadou Pouye. Arrested in April 2013 with Karim Wade, he was sentenced to five years for illegal enrichment complicity.
Source: Jeune Afrique