www.cheapairmax2018shoe.com

Xuwanghuan

Governments across the world began investigating possible financial wrongdoing by the rich and powerful on Monday after a leak of four decades of documents from a Panamanian law firm that specialized in setting up offshore companies.


The "Panama Papers" revealed financial arrangements of politicians and public figures including friends of Russian President Vladimir Putin Cheap Air Max 2018 , relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine.


While holding money in offshore companies is not illegal, journalists who received the leaked documents said they could provide evidence of wealth hidden for tax evasion, money laundering Cheap Air Max , sanctions busting, drug deals or other crimes.


The law firm, Mossack Fonseca, which says it has set up more than 240,000 offshore companies for clients around the globe Cheap Nike Air Max 1 Clearance , denied any wrongdoing and called itself the victim of a campaign against privacy. Mossack Fonseca, in a statement posted on its website on Monday, said media reports had "misrepresented the nature of our work."


"We routinely resign from client engagements when ongoing due diligence and updates to sanctions lists reveal that a beneficial owner of a company for which we provide services is compromised," it said.


The law firm added that "excluding the professional fees we earn, we do not take possession or custody of clients' money Cheap Nike Air Max 2017 Clearance , or have anything to do with any of the direct financial aspects" of their business operations.


Leading figures responded to the leaks with denials as prosecutors and regulators began a review of the reports from the investigation by the U.S.-based International Consortium of Investigative Journalists (ICIJ).


The U.S. Department of Justice would determine whether there was evidence of corruption and other violations of U.S. law, a spokesman said. A White House spokesman said that "in spite of the lack of transparency that exists in many of these transactions," there were U.S. experts who could find out whether they violated sanctions and laws.


Financial prosecutors in France announced the opening of a preliminary investigation for aggravated tax fraud.


Germany would also ���pick up the ball��� in the case, a Finance Ministry spokesman said on Monday. Financial market watchdog Bafin is looking into the matter, said a source close to the regulator Cheap Nike Air Max 2018 Clearance , which reports to the ministry.


Australia, Austria, Sweden and the Netherlands were among other countries that said they had begun investigating the allegations based on more than 11.5 million documents. Banks came under the spotlight over allegations they helped clients hide their wealth offshore.


In Argentina, political opposition parties demanded an explanation from center-right President Mauricio Macri because he served as a director of an offshore company in the Bahamas related to his wealthy father's business in the past.


In a short television interview, Macri denied any wrongdoing and said the company his father founded was legal.


"It was an offshore company to invest in Brazil Cheap Nike Air Max Clearance , an investment that ultimately wasn't completed, and where I was director," Macri said. "There is nothing strange about this."


In Brazil, where a corruption crisis threatens President Dilma Rousseff's administration, the O Estado de S.Paulo newspaper said politicians from seven parties were named as Mossack Fonseca clients. They did not include politicians from Rousseff's Workers' Party.


Brazil's tax agency said it would verify information about offshore tax avoidance in the documents and could impose fines on undeclared assets in offshore accounts of up to 150 percent of their value.


FORTY YEARS


The documents Cheap Air Max 1 Clearance , covering a period from 1977 until last December, were leaked to more than 100 news organizations around the world in cooperation with the ICIJ.


"I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents," ICIJ Director Gerard Ryle said.


The Kremlin said the documents contained "nothing concrete and nothing new," while a spokesman for British Prime Minister David Cameron said his late father's reported links to an offshore company were a "private matter."


Pakistan denied any wrongdoing by the family of Prime Minister Nawaz Sharif after his daughter and son were linked to offshore companies.


Ukrainian President Petro Poroshenko defended his commitment to transparency after lawmakers called for an investigation into allegations in the documents that he had used an offshore firm to avoid tax. Poroshenko purportedly moved his confectionery business, Roshen Cheap Air Max 2017 Clearance , to the British Virgin Islands in August 2014 as fighting between Ukraine and pro-Russian separatists peaked.


"I believe I might be the first top official in Ukraine who treats declaring of assets, paying taxes, conflict of interest issues seriously," Poroshenko tweeted.


Iceland's prime minister, Sigmundur Gunnlaugsson Cheap Air Max 2018 Clearance , faced calls for his resignation after ICIJ said he and his wife were connected with a secretive company in an offshore haven. His political opposition filed a no-confidence motion.


"I certainly won't (resign) because what we've seen is the fact that, well, my wife has always paid her taxes. We've also seen that she has avoided any conflict of interest by investing in Icelandic companies at the same time that I'm in politics," he told Reuters TV.


Britain's Guardian newspaper said the documents showed a network of secret offshore deals and loans worth $2 billion led to associates of Putin, including concert cellist Sergei Roldugin Cheap Air Max Clearance , a childhood friend of the president. Reuters could not confirm those details.

Russian president Putin

Putin's spokesman dismissed the reports as "Putinophobia".


The British government asked for a copy of the leaked data, which could be embarrassing for Cameron, who has spoken out again

STOCKHOLM, Oct. 21 (Xinh. Jerseys Cheap   Jerseys China   Jerseys China   College Jerseys Wholesale   MLB Jerseys China   NHL Jerseys From China   NFL Jerseys From China   New NBA Jerseys Cheap   Nike NFL Jerseys China   Replica Soccer Jerseys Online