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"Putin. Offshore, Impeachment." -- A lone protester holds up a sign in Moscow protesting over the fact that Russian President Vladimir Putin is seen to have been implicated in murky financial dealings revealed in the Panama Papers
"Putin. Offshore, Impeachment." -- A lone protester holds up a sign in Moscow protesting over the fact that Russian President Vladimir Putin is seen to have been implicated in murky financial dealings revealed in the Panama Papers

Live Blog: The Panama Papers

Follow all the latest developments as they happen

Final Summary for April 13

-- The Russian cellist linked by the Panama Papers to murky offshore finances says the money came from donations.

-- German Finance Minister Wolfgang Schaeuble has outlined details of a plan to combat tax havens in the wake of the Panama leaks.

-- British Prime Minister David Cameron is set to announce that new legislation making companies criminally liable if employees aid tax evasion will be introduced this year

-- -- Cameron had earlier published his tax records in an attempt to draw a line under questions about his personal finances raised by the mention of his late father in the Panama Papers for setting up an offshore fund.

-- The unauthorized use of the International Red Cross's name by entities listed in the Panama Papers poses "enormous" risks for its operations and staff, the head of the humanitarian body said.

-- Several thousand people filled a big square in Malta's capital on April 10 and demanded the resignation of Prime Minister Joseph Muscat after the leaked Panama Papers said two of his political allies had offshore accounts.

-- Police have raided the El Salvador offices of the Panama-based law firm at the heart of the "Panama Papers" scandal that has revealed how the wealthy in many countries stashed their riches offshore.

10:42 7.4.2016
A Bollywood film being screened in Kabul, Afghanistan, in 2011
A Bollywood film being screened in Kabul, Afghanistan, in 2011

If you thought the fantasy land of Bollywood, at least, would not be tainted by the Panama papers leaks, you were wrong. Bollywood stars Amitabh and his daughter-in-law Aishwarya Rai Bachchan are among the 500 Indian citizens whose names appear:

"The Express stated that, back in 1993, Bachchan was appointed director in at least four offshore shipping companies which were registered in tax havens. Three of these were registered in the Bahamas with another in the British Virgin Islands.

"According to the newspaper, "The authorized capital of these companies ranged between a modest $5,000-50,000 but they traded in ships worth millions of dollars."

"The newspaper also added that it had earlier attempted to solicit a response from the actor and his company AB Corporation, but did not get a response."

10:25 7.4.2016

Russian political scientist Maria Snegovaya spoke with RFE/RL's Russian Service about how the Panama leaks could affect Russia.

"It is clear that these documents are not directed straight at Russians because Russians are hardly likely to find out about them -- the Kremlin-controlled media are not going to show them -- and even if Russians did find out, they would say: 'We already know that, but at least he gave us back Crimea.'

"This information is for the West, for organizations that investigate corruption mechanisms, and for Western leaders who know have clear proof of the Kremlin's corruption. I have no doubt that the State Department and other U.S. structures had this information earlier, but the value of these documents is that they give precise legal levers of influence over the Kremlin."

10:19 7.4.2016

In case you haven't seen it yet, RFE/RL has aggregated its English-language coverage of the Panama papers here.

10:16 7.4.2016

Popular television detective Columbo has a question for British Prime Minister David Cameron:

10:09 7.4.2016

Gonzalo Delaveau, the head of the Chilean branch of the international NGO Transparency International resigned on April 5 after his name appeared in the Panama papers linked to at least five offshore firms. It is not known if he did anything illegal, but the revelation was embarrassing.

Transparency International issued a statement that read in part:

"While Delaveau is not reportedly accused of illegal activity, and he may be able to explain his activities, for us that is not the point. Not all secret companies are illegal, but many are used to hide money flows and to support acts of corruption. As we said yesterday in a press release about the Panama Papers investigation: Transparency International wants public registers of all companies' beneficial owners to make it harder for the corrupt to hide their illicit wealth in secret companies and trusts that use nominees to register ownership.

"We are now looking into measures to ensure this does not happen again."

10:04 7.4.2016

Money laundering:

09:55 7.4.2016
Mario Vargas Llosa speaking in Montenegro in June 2015
Mario Vargas Llosa speaking in Montenegro in June 2015

Yesterday's LA Times looked at the Panama papers' connection with Peruvian author and 2010 Nobel literature prize laureate Mario Vargas Llosa. According to the paper, Llosa and his ex-wife were listed as shareholders in an offshore company "for about a month in 2010." His lawyers apparently asked that their names be removed from the register on October 6, 2010, just one day before Llosa was awarded the Nobel Prize. " According to the news site El Confidencial, "the company's shareholders were changed from Vargas Llosa and his ex-wife to two Russians on Oct. 12."

09:48 7.4.2016
British Prime Minister David Cameron
British Prime Minister David Cameron

The Guardian on April 7 continues to probe the connection between the Panama leaks and the father of British Prime Minister David Cameron. A holding fund that Cameron's father set up was apparently doing extensive research on tax-avoidance schemes in 2012, at a time when Cameron himself was already criticizing them. "Some of these schemes we have seen are quite frankly morally wrong," Cameron is quoted as saying at the time.

09:43 7.4.2016

This poster is making waves in Russia as the official state media continue to largely ignore the implications of the Panama papers for President Vladimir Putin's government. In Russian, "panama" usually refers to a panama hat and this poster shows Putin wearing one (in the style of gonzo American journalist Hunter. S. Thompson) with the caption: "What panama?"​

09:36 7.4.2016

The International Consortium of Investigative Journalists (ICIJ), which is coordinating the investigation of the Panama papers, has issued a FAQ on themselves and the entire project.

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