German Paper Claim Enormous Trove of Data on Offshore Accounts

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Source:   —  April 03, 2016, at 10:48 PM

The Munich-based newspaper says it received the data from an anonymous source more than a year ago and shared it with over one hundred news organizations.

German daily Sueddeutsche Zeitung says it's obtained a vast trove of documents detailing the offshore financial dealings of the wealthy and famous.

The Munich-based newspaper says it received the data from an anonymous source more than a year ago and shared it with over one hundred news organizations.

Their work was coordinated by the International Consortium of Investigative Journalism, a nonprofit organization based in Washington.

Sueddeutsche Zeitung said Sun the quantity of data it obtained is several times larger than a previous cache of offshore data published by WikiLeaks in two thousand-thirteenth that exposed the financial dealings of prominent individuals.

The ICIJ says the latest trove contains includes nearly forty years of data from a Panama-based law firm, Mossack Fonseca. The company didn't immediately reply to a request for comment.

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