Panama Papers: 2229 Russians on the list

The scandal about offshore companies goes on as the list is being expanded.

10 May 2016 11:00

The Panama Papers leak reveals offshore companies in each country. According to the information, 2229 Russians are on the list and more than seven thousand offshore companies were registered by Russian citizens.

According to the analysis carried out by Columbia University professor James S Henry for the Tax Justice Network, by the end of 2014, $1.3tn of assets from Russia were sitting offshore. In general, more than $12tn has been siphoned out of developing countries such as Russia, China, Malaysia and Indonesia, reported Russian Dozhd citing The Guardian.

Leading Ukrainian politicians and businessmen have also ended up being on the list.

Photo: Internet