Apr 16, 2016

Nearly 3,500 Toshiba workers apply for early retirement

Scandal-hit Toshiba Corp. said it has received applications from 3,449 workers, or 3 percent of its domestic workforce, for an early retirement program between January and March. As part of its restructuring efforts following an accounting scandal, the ailing electronics and machinery maker sought ...

Panama Papers reveal Hong Kong's murky financial underbelly

Apr 15, 2016

Panama Papers reveal Hong Kong's murky financial underbelly

Jasmine Li was still a student when she opened her first offshore bank account through Mossack Fonseca Hong Kong, but the shady world she entered that day had been part of the city’s underbelly for decades. The granddaughter of China’s then fourth-ranked politician was ...

Apr 7, 2016

Panama Papers reveal London as center of 'spider's web'

As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London’s role as a vital organ of the world’s tax-haven network. The files leaked from Panama law firm Mossack Fonseca exposed Britain’s ...

China was largest market for Panama Papers law firm: ICIJ

Apr 7, 2016

China was largest market for Panama Papers law firm: ICIJ

Nearly a third of the business of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, came from its offices in Hong Kong and China, reports say, making the Asian giant its biggest market. Shell companies incorporated through the Hong ...

Apr 5, 2016

Panama rejects money-launderer label following documents leak

Panamanians have long shrugged off their country’s checkered reputation as a financial haven for drug lords, tax dodgers and corrupt oligarchs. If they are crooks, they’ve learned from the world’s wealthy nations, according to a common joke. That same defensiveness has re-emerged amid the ...

Apr 4, 2016

Russian spokesman denies Putin's involvement in offshore accounts

The spokesman for Vladimir Putin has dismissed suggestions that the Russian president is involved in an offshore account scheme as a smear likely motivated by “Putinophobia.” Documents published by more than 100 media outlets alleged that Putin’s friends, including a leading cellist, were engaged ...