The Panama Papers- The case that is shaking the world

A great number of documents about current and former world leaders as well as many other celebrities have been leaked out related to the illegal money transactions outside their nations.

What is exactly to describe the case of Panama Papers?


You might find it quite difficult to understand what is happening around Panama Papers. In brief, The International Consortium of Investigate Journalists (ICIJ) have announced a report saying that the people which have most influenced to the world have used an offshore legal company located in Panama in order to hide their money that was likely to be collected from illegal actions such as tax evasion, arms deals or financial fraud. Many important persons mentioned in the records have created a big shock to the society such as the President of Russia- Putin, the world best football player- Lionel Messi and so on.

What are the impacts that have been made to the world’s politics after the reveal of Panama Papers?


Immediate actions have been taken by many countries right after the shaking announcement of ICIJ about Panama Papers. In France, French government has eliminated Panama from the list of countries which will collaborate with France in the matter of anti tax evasion, according to BBC. In contrast, Panama announced that they are considering suitable retaliatory measures to strike back the decision of French Government. At the same time, Panama ensured that they are willing to support any investigations arising from this record. Mr. Gonzalo Delaveau, the chairman of Transparency International (the organization specialized in observing the corruptions in other countries), has resigned after his name is shown up in Panama Papers. President Barrack Obama has lately demanded the American National Assembly to search for a solution that could prevent the hidden money transfers to another country. Up to now, there are several countries which have officially opened the investigations related to Panama Papers including Russia, France, Australia,... And the U.S is likely to be the next one. The politician that was affected most by this reveal is the Prime Minister of Iceland, he is the first politician to resign owning to the Panama Papers. On the other hand, Chinese government has given an order to ban the social media of this country to publish the information about Panama Papers. The explanation for this ban is that the reveal of Panama Papers has the secret political motives aiming to disorder the political system of other countries.

What might happen next in the near future?


With the situation like this, the world’s politics is not going to be normal soon. After the investigations that has already been taken by some countries, there may be be at least one politician that has to take the responsibility. World leaders such as the President of Russia, Vladimir Putin or the President of China with the great power in their hands would not allow the reveal of Panama Papers could make significant effect on their political paths for sure.