Media representatives who have reviewed the documents and data we call the Panama Papers have reported that, of the approximately 25,000 offshore corporations found, at least 13,000 are traced to Hong Kong, where Mossack Fonseca ran a thriving business, for tax evaders, corrupt PEPs, criminal organizations, and all the other usual suspects.
Many relatives of senior Chinese leaders, themselves Politically Exposed persons, have been found as Mossack clients, but Chinese readers have reported that the online ICIJ database is totally blocked in China, as well as articles and commentary analyzing the entries. If you doubt this, go to the website where we test accessibility of websites within China, www.GreatFire.org
One Hong Kong Newspaper reports that it located more than 33,000 Chinese names in the data, including those of prominent Chinese government officials. No wonder Chinese censors fear the truth; they do not want the names of Politburo members who have offshore accounts, which spells corruption and/or tax evasion, disclosed to the public.
I would not want to be a bank compliance officer in China today, for those poor blokes have been denied critical knowledge about their high-risk customers, just so that some corrupt, fat-cat Chinese Communist Party official can continue to take bribes, kickbacks, and gifts from companies that want government business; Hiding the truth is what China is all about. No wonder their economy is suffering.
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