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MAS and MOF currently poring through Panama Papers; will take firm action on wrongdoers here

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Panama papers

A massive 2.6-terabyte of confidential documents titled the Panama Papers was recently leaked by law firm Mossack Fonseca to the International Consortium of Investigative Journalists.

What's the big hullaballoo then? Welp, it uncovers a mind-bogglingly massive global network of corruption and tax avoidance involving offshore funds hidden in the tax haven of Panama. 

The world's rich and famous — including heads of governments, celebrities and other bigwigs — have had their names exposed in this pretty explosive reveal. Folks such as Russian president Vladimir Putin, Argentine footballer Lionel Messi, Hong Kong actor Jackie Chan, singer Tina Turner and many more have been called out in the Panama Papers — and there'll be more companies and people to be named soon. 


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