The unprecedented leak of 11. 5m files is causing upheaval across the globe. Here is what has been revealed by the Guardian
The leak of 11.5 m files from the Panama-based law firm Mossack Fonseca continues to create upheaval around the world. The documents were leaked to the German daily Sddeutsche Zeitung, which shared them with the Washington-based International Consortium of Investigative Journalists, the Guardian, the BBC and other media organisations.
This is a list of principal revelations by the Guardian.
Mossack Fonseca has been updated responses to the revelations on a dedicated website.
The papers disclose a network of secret offshore deals and vast loans worth$ 2bn( 1.4 bn) that lay a trail to Russias president, Vladimir Putin. Though his name does not was contained in any of the records, the data shows how deals, that seemingly could not have been secured without his patronage, made each member of his close circle fabulously wealthy.
The financial affairs of Sigmundur Dav Gunnlaugsson and his wife have come under scrutiny in the Panama Papers. They indicate he co-owned a company set up in 2007 in the British Virgin Islands, to hold investments with his wealthy partner, later wife, Anna Sigurlaug Plsdttir. Both stressed their financial interests had always been properly disclosed to the Icelandic taxation authorities.