.

Jürgen Ramón Fonseca

Mossack
Owner of the
company
• A Company which is established outside the
country is called offshore company.
 Benefit of offshore
companies
• Reduced administration
• Requires little information when doing
business.
• Minimum taxes.
• Lower capital requirement
• Multi - currency bank account
• Confidentiality
 Tax
haven
British Virgin Islands
Panama

Switzerland
Bermuda
Netherlands
Cyprus
Rwanda
• Estimated at
least

$7.6 TRILLION
That's upward of 8% of the worlds financial
wealth.
This Money can be use in
Are offshore accounts are
illegle?
• No , these accounts are not illegal

However ,these accounts for often

used
• Tax evasion
• Money laundering
• Corruption
 Effects of panama
papers on
Pakistan?
As more than 400 Pakistani including
politicians ,judges , actors ,Business
mans
,military officers and media personals.
Prime minister sons name exposed by
these papers.
Nawaz sharif address the nation
and promised free inquiry
So opposition is asking for inquiry by
the chief justices of supreme
court or parliamentary committee.
If independent commission is not
established then opposition promised to
launched another wave of protest against the
federal government.
Prime Minister says,
 If this commission proves the tax evasion
,corruption or money laundering then he
will resigned.


Names which has offshores
companies
Son's of prime minister 09
Shebaz sharif family 07
Saifullah family 34
Javed pasha 04
Benazir Bhutto 01
Rahman Malik 01
 Effect on Pakistan
economy?
• As Pakistan having low economic indicators;
terrorism, extremism, severe energy deficit
• For these circumstances people invest their
money abroad.
• We have excellent and attractive C-PEC plan
(China Pakistan economic corridor ) and this
plan needed peace and political stability.
• We should make strong rules against these kids
of unethical issues.
• We should develop trust in Pakistani
community to invest in their country.
Who has been exposed so
far?
 Russia President
 Argentina President
 Ukraine President
 king of Abu Dhabi
 Former Empire of Qatar
 former Sudan President
 England Prime minister
“Victims"
Politicians and their relatives and associates
 Russia’s president, Vladimir Putin’s relatives and associates
 Pakistan’s prime minister, Nawaz Sharif and his family members
 Brother-in-law of China's President Xi Jinping
 President of Ukraine, Petro Poroshenko
 Son of Egypt’s former president, Alaa Mubarak
 Prime minister of Iceland, Sigmundur Davíð Gunnlaugsson
 Father of ex Former British Prime Minister David Cameron
Victim
sSports

Personalities
Former members of FIFA
Executives of football teams like FC Barcelona, Real Madrid
Football players like Lionel Messi, Andy Cole
Other sports personalities like Tiger Woods
Victim
sPersonalities
Entertainment

Amitabh Bachchan
Aishwarya Rai Bachchan
Sarah Ferguson
Jackie Chan
Emma Watson
Simon Cowell
 Effect of Panama
papers
internationally ?
• Ice land Prime Minister Resigned
• Ukraine prime Minister Resigned
• Spain's Industry Minister resigned
• Indian prime minister Order an
inquire
• England ex prime Minister under
pressure
 Effect on International
economy?
• More bank regularity security .
• More security by U.S prosecutors
of foreign bank
• More regulation/taxation in general
In an interview that Jürgen Mossack and Ramón
Fonseca gave to Bloomberg, Mossack said: "The
cat's out of the bag, so now we have to deal with
the
aftermath."

Ramón Fonseca said the leak was not an

"inside job"—the company had been hacked
by servers based abroad. It filed a complaint
with the Panamanian attorney general's
office.