The document discusses the Panama Papers leak of 11.5 million documents from the Panama-based law firm Mossack Fonseca, which revealed how world leaders and public officials have used offshore shell companies and tax havens to conceal assets. Some of those named include the leaders of China, Russia, Saudi Arabia, Argentina, and the UK, as well as relatives of Xi Jinping, Vladimir Putin, and David Cameron. The documents show how politicians, public officials, and their associates have secretly invested money and held assets in offshore jurisdictions like Switzerland.

1. Panama Papers: Offshore Assets of
World Leaders Revealed by Leak

2. What Is Mossack Fonseca Group?
• Mossack Fonseca Group
• Who: Firm was founded by Jurgen Mossack, who was born in Germany in 1948,
and Ramon Fonseca, who was born in Panama in 1952
• When: Established in 1977; became Mossack Fonseca in 1986, when the two men
merged their law firms
• What: A global company that provides comprehensive legal, trust and wealth
management services. Incorporates and administers companies in offshore
jurisdictions such as Switzerland, the United Kingdom, Hong Kong, the British Virgin
Islands and Malta, as well as in the U.S. states of Nevada and Wyoming.
• Where: Located in Panama
• Global presence: Considered the fourth-largest provider of offshore services
• Response to Panama Papers: Firm declined to comment on specific allegations,
citing client confidentiality, but said it acted responsibly and complied with
international protocols, saying, “The companies we incorporate are not being used
for tax evasion, money laundering, terrorist financing or other illicit purposes."
However, they added, "We regret any misuse of our services and actively take steps
to prevent it.”

3. Iceland Prime Minister Sigmundur David Gunnlaugsson with his wife Anna Sigurlaug
Palsdottir. Gunnlaugsson owned a 50 per cent stake in offshore firm Wintris for more
than two years, then transferred it to Pálsdottir, who held the other 50 per cent, for
one dollar

4. Under pressure: Vladimir Putin listens during a meeting today hours after it emerged his inner
circle and a 'dirty dozen' list of world leaders are using offshore tax havens to hide their
wealth

5. The families of some of China's top communist brass — including
President Xi Jinping — used offshore tax havens to conceal their
fortunes, a treasure trove of leaked documents has revealed.

6. • At least eight current or former members of the Politburo
Standing Committee, the ruling Communist Party's most
powerful body, have been implicated, highlighting the hot-
button issue of wealth among China's ruling elite.
• The eight are among 140 political figures around the world
alleged to have links to offshore accounts, after an investigation
into the leak of 11.5 million documents from the Panama-based
law firm Mossack Fonseca.
• They include Xi's brother-in-law Deng Jiagui, who in 2009 –
when his famous relation was a member of the Politburo
Standing Committee but not yet president – set up two British
Virgin Islands companies.
• Xi has been dogged by foreign media reports of great family
wealth. The claims are ignored by mainstream Chinese outlets,
and their publication on the Internet in China is supressed.
• In 2012 the Bloomberg news agency published investigations
into the vast wealth said to have been amassed by Xi's family,
revealing that Deng and his wife had accumulated several
hundred million dollars in company shares and property assets.

7. • Since becoming president that same year, Xi has staked his reputation on
pushing for transparency by initiating a vast anti-graft campaign to clean the
party's ranks of corruption and to reassert his authority.
• The daughter of former premier Li Peng – who was in power from 1987 to 1998
– was also identified in the documents.
• They revealed that Li Xiaolin, the former vice president of state-run power
company China Power Investment Corporation, was the beneficiary of a
Liechtenstein foundation controlling a firm registered in the British Virgin
Islands during the period when her father was in office.
• A granddaughter of Jia Qinglin, a former member of the Politburo Standing
Committee, Li Xiaolin was also the sole shareholder in several offshore
companies, through which she discretely controlled companies within China.
• The so-called "Panama Papers" were obtained from an anonymous source by
German daily Sueddeutsche Zeitung and shared with media worldwide by the
International Consortium of Investigative Journalists (ICIJ).
• They come two years after an ICIJ investigation identified nearly 22 000
offshore clients from mainland China and Hong Kong, including relatives of
former president Hu Jintao, former premier Li Peng and late leader Deng
Xiaoping, the man credited with opening up China's economy in the 1980s.

8. Revelation: The so-called Panama Papers, part of a leak of
11million files, also implicate associates of Syria's president
Bashar al-Assad

9. King of Saudi Arabia, King Salman bin Abdulaziz bin
Abdulrahman Al Saud (pictured left) was also named

10. Argentina's president Mauricio Macri (left) and Ukraine's
president Petro Poroshenko (right) were listed

11. UAE President Khalifa bin Zayed bin Sultan Al Nahyan
(pictured centre) is one of the world leaders named

12. Families and associates of Egypt's former president Hosni
Mubarak (pictured left), Libya's former leader Muammar
Gaddafi (right) were also implicated in the data leak

13. Former Emir of Qatar Sheikh Hamad bin Khalifa Al
Thani (pictured) is also named in the data release

14. Former prime minister of Jordan Ali Abu al-Ragheb (left) and former
president of Sudan Ahmad Ali al-Mirghani (right) were both listed in the
leaked confidential documents

15. Convicted former Ukraine prime minister Pavlo Lazarenko
(left) and former prime minister of Georgia Bidzina Ivanishvili
(right) are among those revealed to have offshore accounts

16. The ex-prime minister of Iraq Ayad Allawi (pictured) is
also said to have benefited from using tax havens

17. Named: The world's best footballer Lionel Messi, left, and
martial arts star Jackie Chan have used Mossack Fonseca's
services to set up offshore companies

18. The Prime Minister's late father Ian Cameron (right) was
named in a huge leak of millions of documents exposing the
use of offshore tax regimes by the world's richest people

19. Lord Ashcroft (left), Baroness Pamela Sharples and
former Tory MP Michael Mates (right) are among the
British politicians also named in the data release

20. Revealed: Cash from the notorious Brink's Mat heist
at Heathrow in 1983 may have been moved offshire
by the Panamanian Law Firm

21. Hunt for the cash: Police have for years searched for the
money, pictured here in 2001, 18 years after the heist, digging
up land in east London

22. The so-called Panama Papers implicate those in Russian president Vladimir Putin's inner circle. This
graphic shows how Putin's best friend Sergei Roldugin, who owns 3.2 per cent of Bank Rossiya, and the
man who heads the bank up, Yuri Kovalchuk, are linked to a trail which has seen money moved offshore
via Swiss lawyers, Mossack Fonseca, and a subsidiary of Russia's state-owned VTB bank in Cyprus to a firm
set up in the British Virgin Islands called Sandalwood Continental Ltd. Money was then lent to Ozon, which
owns the private Igora ski resort outside St Petersburg, the place where Putin's daughter Katya got
married

23. International operations: Mossack Fonseca lists 37 offices in countries around the world
(pictured above) but only a handful of addresses are listed, including those for their
Amsterdam branch (pictured), Asian headquarters in Hong Kong, and head office in Panama

24. Global reach: Mossack Fonseca has its headquarters
in this building in Panama City, Panama, pictured

25. This building in Amsterdam is one of the office addresses listed on the
Mossack Fonseca website