The leak of 11.5 million documents from the files of Panama based Mossack Fonseca, the world's fourth-biggest offshore law firm, show how some of the world's most prominent people use tax havens to hide their wealth.
The records, which were obtained from an anonymous source by German newspaper "Süddeutsche Zeitung," cover a period of almost 40 years. "2.6 terabytes of data ... the largest data leak journalists have ever worked with," Süddeutsche claimed. Here you can find a compilation of DW reporting on the topic.
The two founding partners of the Panama law firm Mossack Fonseca have been granted bail. Jürgen Mossack and Ramon Fonseca were arrested in February as part of a separate probe involving widespread corruption in Brazil.
The Icelandic upstart Pirate Party has witnessed lower-than-expected results at the polls. The party's leader said they had not expected to gain the most votes in the first elections since the Panama Papers leaks.