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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.

15:11 13.4.2016

British journalist Shaun Walker traveled three hours out of Moscow to the town of Kimry to find out why most Russians just don't care whether President Vladimir Putin is corrupt or not.

Outside the liberal online bubble of the politically active, most Russians who have heard about the Panama disclosures remain unmoved by them. When TV Rain, an independent channel, questioned Muscovites in the city’s White Square business district, many said it was quite normal for people to help out their friends, and that they didn’t see anything wrong with the president keeping some money to one side.

In Kimry, people are not so much approving as resigned to the idea. “Look, I don’t know what the point of making all these accusations and stirring up trouble is,” said Yaroslav, a 42-year-old factory worker. “So what if Putin is corrupt? There are two types of rulers: good corrupt rulers and bad corrupt rulers. At least Putin is trying to do good for the country.”

16:00 13.4.2016

As we reported earlier this week, it was revealed by the Panama Papers that the law firm Mossack Fonseca sometimes used the name of the International Red Cross as a beneficiary of its shell companies in order to lend them prestige. Now the Red Cross has responded.

Although these arrangements were made completely unbeknownst to the Red Cross, the records pose a very serious reputational threat to the international non-profit, as well as a real physical threat to its staff. The ICRC spokesperson Claire Kaplun expressed these concerns very well in her interview with the Associated Press:

“We work in conflict zones. We work without weapons. Our protection is our name, our emblem, the faith that people have in our reputation. Let’s say this money was linked to a warring party in a conflict. Imagine what consequences that could have.”

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