The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities – including three former Tory MPs and six peers – has been revealed in a massive leak.

Millions of documents leaked to a number of media organisations across Europe apparently show the ways the rich and famous can exploit secretive offshore tax regimes.

It is reported that journalists from more than 80 countries have been reviewing 11.5 million files leaked from the database of Mossack Fonseca, the world’s fourth biggest offshore law firm.

Among the revelations is a network of secret deals and loans worth £2bn which apparently leads to Russian President Vladimir Putin.

According to The Guardian, one of the media organisations receiving the leaked documents – the so-called ‘Panama Papers’ – reveal:

:: Six members of the House of Lords, three former Conservative MPs and dozens of donors to UK political parties have had offshore assets.

:: A key member of FIFA’s powerful ethics committee, which is supposed to be spearheading reform at world football’s scandal-hit governing body, acted as a lawyer for individuals and companies recently charged with bribery and corruption… see more

source: skynews