mossack fonseca say the allegations are unsupported and false.always complied with international protocol to insure companies are not used for elicit purposes. >> we need to shine a spotlight on who owns what and where money is really flowing. correspondent: it is david cameron who introduced the u.k.'s register of company ownership, but his late father is revealed in the files as a client of mossack fonseca. they show ian cameron helped set up a company in the bahamas. they wanted to attract investors to put their money in a fund, so they made sure it never paid u.k. tax. mr. cameron and other directors would fly to the bahamas for board meetings so they could say the company was run offshore. but there is more. the mossack fonseca files reveal investors held their stakes through bearer shares. now, they were widely used at the time, but are now banned in many countries because they can be used for money laundering and tax evasion. >> bearer share is a piece of paper saying that you own a share of a company, which means that you can hide your ow

they will arrange with a registered agent like mossack fonseca to create and administer the shelf for a fee. peoplet will have a few named as its executives, the shell company's only purpose is to discreetly manage the money it holds. itsack fonseca claims complies with anti-money laundering laws and carries out due diligence on all its clients. according to the 11.5 million document leak which include vladimir putin's best friends, 12 world leaders, and around 22 individuals subject to sanctions for their support of regimes in north korea, syria, russia, and zimbabwe. it's an incredible story. what else has mossack fonseca said? a pretty longed statement in response to the release of these documents. it says that for 40 years mossack fonseca has operated beyond reproach in their home country and other jurisdictions and the firm has never been accused or charged in connection with criminal wrongdoing. the company's founders has taken leave from his position as an advisor to panama's president after the company's application in a scandal in brazil. genie: another important element is t

from the, that is data panamanian law firm mossack fonseca. we started investigating and the data grew and grew and we realized it is by far too much for us, and we started to investigate it as a team of two. as we are members of icij, we realized we have to share this with our partners because this is a worldwide story. amy: and talk about what started to be revealed. i mean, 11.5 million documents is astounding. and why this is called -- this week, is called the panama papers. >> this leak is called the panama papers because the documents are from the panamanian law firm mossack fonseca, a law firm that is headquartered in panama but has branches all around the world. they are offering offshore companies to their customers, banks, lawyers, and customers, and what we see now -- i mean, offshore company was, like, a wall. we cannot see inside before. now we have inside through this data. we see which people are the ultimate beneficial owners of offshore companies which people are using to hide crime, using them to obviously evade taxes. amy: l

that firm mossack fonseca is a key player in a sprawling secretive industry for the world's rich anderful used to hide assets and skirt rolls but setting up front companies in injures dictions, more than 300 drilled through millions of records from mossack fonseca to expose the list of clients involved in bribery, arms deals, tax evasion, financial fraud and drug trafficking. behind the invoices, e-mails and paper trails, a real victims. in uganda a company that wanted to sell a pros peckive oil field pay mossack fonseca to help it avoid $400 million in taxes. it was sent the paper work. the company's address was changed from one tax haven to another. in a country where one in three people live on less than $1.25 a day, $400 million represents more than the government's annual-- uganda spent years in court trying to force the company to pay its taxes. meanwhile hospitals in the shadow of the oil field lacked funds for even the most basic equipment. patients slept on floors and were asked to bring their own medical supplies like sterile gloves and cotton balls it was a surprise to me

who is being business with a panama based firm, should mossack fonseca know who its clients are?> thank you very much for having me on your program this morning. mossack fonseca has said most of its clients are institutional clients, these institutions in turn sell the panamanian clients to a third party. i want to clear up that in the panama papers case not only does mossack fonseca sell panamanian corporations but also from other jurisdictions. i think bvi was most sold -- as president said -- >> we'll get into that. but should mossack fonseca know who its end customers are especially when they relate to drug cartels and pedophilia? >> saying his clients is an institutional clients. do we need to review that? i think so, because as we have seen, what's been published within the panama papers these corporations have been used by third parties using it for illicit activities. as i mentioned before, this not only involved panamanian extrapolations but corporations from other jurisdictions as well. >> is the work from companies like mossack fonseca which you're right has subsidiari

mossack fonseca manages 60,000 offshore companies created through chinese offices. .t is not just thership growing numbers of people are moving money out of china on a scale never seen before. much passes through hong kong. that money has to go somewhere. is in real estate. last year chinese buyers snapped up $52 billion in overseas property around the world. she works for a company that finds property that might be of interest to chinese buyers. london is very popular. seen an has increase in popularity. every chinese citizen can transfer $50,000 a year. anything more than that has to be moved illegally. eggne who feels their nest want to wiped out or hides the wealth from the chinese government has to turn to illegal methods. >> it is something the government is aware of. they are aware of the scale, but they are giving it parity -- yet the problem remains so large -- it means they are not entirely on top of it. correspondent: across hong kong it is common to see visitors from mainland china splashing shops. china's richest people, including the leaders, are taking their money out o

the secretive law firm of mossack fonseca, in panama. tax authorities across the globe are launching investigations after leaked documents from the firm revealed how tens of thousands of wealthy people hide their money in offshore companies. 12 current and former heads of government have been implicated. greece has begun deporting migrants to turkey as part of the controversial deal to stem the flow of people coming to europe. under the agreement, many migrants arriving by boat on the greek islands will be sent back. human rights groups say that the move will put refugees in danger. one million people have been killed or maimed by land mines around the world. now, today is the international day for mine awareness. it's a way that the u.n. calls attention to this hidden but devastating danger. more than 80% of land mine casualties are civilians, at least one third of those victims are children. here are some more disturbing numbers. this image you're going to see gives you a sense of the extent of the global problem. more than 50 countrie

mossack fonseca is one of the biggest setter-ups of offshore accounts in the world.ut it is only one of about 800 other firms that do this around the world. so what we're seeing here is just one subset of data. sharyl: the panamanian law firm involved released a statement saying, "while we may have been the victim of a data breach, nothing in this illegally obtained cache of documents suggest we've done anything wrong or illegal." are they correct? mr. ryle: no, i think that they have done things wrong. you see actual evidence that they're helping people avoid taxes around the world. but i think what's most surprising about this all, is that the law firm in panama did not know who the end customer was often. they, as far as they were concerned, their customers were the big banks and the big accountancy firms and big law firms. actual end client was. they didn't do any due diligence. sharyl: and in the big picture, what have we learned from this? mr. ryle: i think what we're learning from this is that the range of people that use offshore accounts. they're actually th

documentos a la que tuvo acceso univision investiga destapa como funcionaba la firma panameqa mossack fonsecao a importantes figuras publicas en todo el mundo . gerardo reyes tiene detalles y nombres de los papeles de panama. venezuela es uno de los paÍses mÁs representados. >> en venezuela se ha creado una especie de nueva clase social gracias a los negocios con estrabismo el control cambiario se le llama la pÓliza porque hacÍa que muchos han aprovechado haciendo negocios guardando dinero gerardo: el capital del ejÉrcito venezolano de la enfermera privada del presidente hugo chÁvez quien fue director del tesoro. >> habrÍa que preguntarle por quÉ registrÓ una empresa cuatro dÍas despuÉs de que maduro llegar a la presidencia. gerardo: accedimos con el efecto de obtener las investigaciones que no nos quisieron dar por correo electrÓnico. >> aquÍ estÁ muy claro nosotros no lavamos dinero ni aceptamos dinero. gerardo: las sociedades ficticias que abren esta y otras firmas panameÑas sirven a personas como las citadas para abrir cuentas bancarias los bancos son la segunda gran fuente de ingresos de

leaked documents from the panama-based law firm mossack fonseca revealed that prime minister sigmundur david gunnlaugsson owned an offshore company wiwith his w wife whiche failed to declare when he entered parliament. he is accused of concealing millions of dollars' worth of family assets. gunnlaugsson's resignation followed the largest public demonstrations in iceland's history. reykjavik later the broadcast. meanwhile, president obama has spoken out about the panama papers while urging congress to close tax loopholes, known as "inversions," in which american corporations agree to be bought by a foreign company simply to avoid paying u.s. taxes. treasury department has unveiled new regulations to try to limit this process. on tuesday, obama said that many in the united states were taking advantage of legal loopholes to avoid u.s. taxes. >> we have had another reminder in this big dump of data coming out of panama that tax avoidance is a big global problem. it is not unique to other countries because, frankly,y, there are folks here in america who are taking advantage of the same stuf

the offices of mossack fonseca have been raided to search for illegal activities. the law firm has been accused of tax evasion and fraud. the founding partner denied the company had broken any laws or destroyed any documents. we want to hear from you on this ongoing case. get in touch. the address is streetsignseurope@cnbc.com. or get in touch with us directly on twitter. our show handle i is @streetsignscnbc. >>> britain's biggest retailer tesco is returning to quarterly growth, but it's the gloomy outlook spooking investors this morning. we'll tell you more after the break. >>> good morning and welcome back to "street signs." just over an hour into trade in europe here. we're enjoying a rally across the board with miners leading the way higher. let's give you a closer look at the miners on the board. remember, they're getting a lot of strength after that chinese data, showing much stronger exports than anticipated. that is good news for the china-linked firms, basic resources among them. this is the second straight day of gains there. we also saw relief and a mov

mossack fonseca, the co- founder of the law firm, said we have done nothing wrong. it is not illegal it set up companies, but it is illegal to not declare what you own in the bank accounts. >> it is not a surprise to people that rich, powerful people go to great ends to pay less in taxes than other people. people try to hide some money. what is an extraordinary, the number of them, the size of the file and it names names. >> reporter: yeah. apologies, john. i can only hear half of what you are saying. if you are saying this is surprising the fact we are seeing is such a big leak, but not surprising the fact that we known people have had offshore tax havens for some time. there are legitimate reasons for people to have offshore accounts. for instance for companies that do business in tax jurisdiction, it doesn't make sense for them to pay taxes in one place and rebate in another place. it makes sense for them to operate in tax neutral environments. the same goes for rich families with different family members inherited different assets across different jurisdictions.

a release of documents from mossack fonseca. hundreds of journalists from more than 70 countries have analyzed more than 11 million leaked files from the database. the documents appear to show links to 143 politicians. among the current leaders famed are the president of argentina, mauricio macri, iceland's prime minister, gunnlaunessgsson and veupt. his best friend ser gay ro roldugin, is implemented. others, include the son of malaysia's prime minister. >> i think it raises further questions for the political class as a whole. because european countries, the u.s., the oecd have been talking about greater transparency, swiss is trying to clean up its act in terms of banking, there have inten better than a serief scandals. >> one of the companies mentioned in the document, supplied fuel to syrians government. and a company owned by the football star lionel messi and his father. officials are investigating messi for tax evasion. mexico marsh who has received hundreds of millions of dollars much state contracts, instructed his aid

super= ramon fonseca, director de mossack fonseca, panama (ap) inq=..es muy injusto que nos quieran ligarres incluye un total de 128 politicos, 12 jefes de estado, deportistas, actores, empresarios y celebridades. entre los mas conocidos se encuentran, los presidentes de rusia y argentina, lionel messi y d yankee quienes han negado cualquier acto que se le impute al respecto. tambien menciona al narcotraficante caro quntero y al empresario que construyo y vendio la llamada " casa blanca" a la esposa del presidente de mexico..quienes han preferido guardar silencio. stand=jazive perez/ ciude mexico inq=.las toridad de cada ps investigarael caso para determinasi según s leyes,ay o no un deli que perseguir.. ya q establer empres en los paraís fisces va contra ley solosi si haceara lavarinero o evadiimpue. el gobierno panama asero que "cperara vigoromente" con la justicipara inveigar lopresuntos negocs oburos revelados r el expediente " pama papers. en meco, jazive pez, temundo.. take v---el volcn "pocatepetl" mxico hi nuamente erupcin. ---el centro nacional de prevencin de desastres inform qu

it seems fronted a number of companies that were set up by mossack fonseca.egations there that they helped to funnel about $2 billion through the particular accounts. now other world leaders also found their names coming up in the spotlight. notably xi jinping. the president of china. this is particularly interesting because xi jinping has been trying for years to net corrupt officials. now it seems according to the panama papers, his brother-in-law was on the board of directors of the offshore company as well as other chinese members. cnn is currently seeing their feed over chinese televisions blocked when we report this type of media. there seems to be a blackout in china as these allegations have emerged. >> nina, you will be busy for a while now. thanks. >>> let's take a look at what's coming up on "new day" as michaela pereira join us. >> happy tuesday, cristina. i hope you are well. busy day. voters are going to the polls in wisconsin. crucial primaries on both sides. how different will the republican race look just 24 hours from now. especially if ted

--la firma "mossack fonseca" se especializa en el registro de sociedades annimas.renta bral no afectar preparativos de los juegos olmpicos a realizarse en ro de janeiro... as lo aseguro el comit internacional de los juegos olmpicos... que este mircolesdijo tambin que estn monitoreando muy de cerca el crisis... de esta grave la presidenta de brasil... "dilma rousseff"... pudiera ser removida de su cargo por un escndalo de corrupcin que supera los tres mil millones de dlares... la inauguracin de los juegos olmpicos... los primeros realizados en sur amrica... det planeada para el prximo agosto... topvo/lorena estas son las historias que hacen noticia hoy... --el equipo de baloncesto de los warriors de oakland hicieron historia anoche al romper el record de mas partidos ganados en una temporada de la nba... --con 73 triunfos y nueve derrotas.. los warriors buscara campeonato en los playoffs que inician este sabado ... lorena-take vo --- en san francisco investigan alguacil dispar una pistola de forma accidental dentro del edificio de la corte superior de justicia... --

that law firm's name was mossack fonseca.owner had more than an inkling of what was going on. the company was described as the management of the money from the famous theft in london. the reason we know about this is because of some amazing story that's just broken. you get back to the criminality here. the case of the robbery, instead doing anything about fact they knew they were laundering money and helping authorities solve one of the biggest crimes, they took steps that prevented british police from gaining control of the shell company that was hiding all the money. the reason all of this is becoming known is because of new reporting that came out that's the result of one of the biggest data leaks in history. they're calling it the panama papers. more than 11 million internal documents from this law firm, from mossack fonseca was leaked to a german newspaper. the documents purport to show how everybody from politicians to celebrities to drug traffickers to star athletes, they've all been hiding billions of dollars in fair

animal-based law firm mossack fonseca has been named a facilitator.n terrorist groups are amongst its customers. [no audio] the association of german banks does not feed the penama next is not have anything to do with it. it's chairman supports the plans to punish tax evasion. it does not make sense for banks to do that sort of thing. and everybody should be aware that our association has always condemned the practices which are currently under suspicion. the banking association also points out not all offshore businesses are illegal or involved in illegal activities. >> now the global steel sector is in texas. the export price has fallen from its all-time high. most blame china and overcapacity. workers around the world are worried about their jobs. they had been taking to the streets, including germany. analysts say intervention would be the wrong move. >> in an unusual alliance, thousands of steelworkers demonstrated with bosses in the world region, the heart of germany's steel industry. if the steel industry percentile it is over for good. my car,

a panama law firm called mossack fonseca, 11 million documents taken from that law firm, given to a german newspaper, which shared them with a global consortium of media outlets around the world. in those documents, according to the reporters who had a chance to go through them, are accounts of world leaders, as many as 12 world leaders who set up shell corporations using that panamanian law firm to allegedly hide assets around the world. one of the leaders under scrutiny today is vladimir putin. his name does not show up in the documents personally, but the names of a lot of his close confidants and inner circle do show up in those documents. the kremlin has already had reaction here and we're getting reaction from some of the world capitals to this story. kremlin saying this report was simply an information attack on russia. also reaction from the icelandic prime minister who is being interviewed by a television crew when he was asked about this. he stood up, walked out of the interview , but said i have never hidden assets. also, a statement from a law firm called velum that ukrainian p

mossack fonseca released a statement saying nothing in his documents suggest their firm has done anything illegal. it could spur a major overhaul of our tax and financial systems. this is only getting started. stay tuned. >> the bidding war for virgin america is over. alaska airlines is the winner in a deal worth over $2 billion. the boards of both airlines have approved the sale and if light, alaska air will be the fifth largest airline in the u.s. in terms of passenger traffic. that will move it ahead of jetblue. this gives them a stronger presence on the west coast, especially in san francisco and l.a. it gives them more access at jfk and laguardia. virgin america's loyalty program members will be folded into alaska air's mileage program when the deal goes through. that should be wrapped up by next january. >> problems with oculus rift. people don't want to hear this. facebook, which owns oculus, is saying a parts shortage may hold up delivery of the virtual reality headsets, calling it an unexpected component shortage. they haven't said what parts they're missing or when customers can

." ♪ [ cheers and applause ] >> seth: the leaked documents come from a law firm named mossack fonsecad in panama. a country best known for hats favored by business-casual hipsters, old rich guys in sports cars, and sean connery. [ laughter ] the world's hippest old rich guy. the law firm is known for helping foreigners set up shell companies in panama to hold their financial assets in secret. now, this story is massively important because it reveals the degree to which wealthy and powerful people have been allowed to hide their wealth and avoid taxes. and in this case, that includes some high-profile names you may recognize. >> vladimir putin, investigators say at the center of a star-studded list of 12 current and former heads of states, like the king of saudi arabia, even celebrities like jackie chan. >> seth: first of all, what a shame that jackie chan and vladimir putin are showing up together in anything other than "rush hour four: russian hour." [ laughter ] second of all -- [ applause ] there's no evidence, no evidence chan used these companies to do anything wrong, which demon

the massive data leak known as the panama papers has revealed the law firm mossack fonseca set up more than 1000 shell companies inside the united states, once again raising questions about the united states' role as an offshore tax haven. the papers show more than 600 shell companies were set up in nevada alone. matthew gardner of the institute on taxation and economic policy said -- "we should be thinking about this as a very american problem, and a problem that arguably is worse here in the states than it is in panama." this comes as an argentine prosecutor is calling for an investigation into argentine president mauricio macri's finances, following panama paper revelations that macri's family is connected to two offshore shell companies. federal prosecutor norman dario martinez spoke thursday. understand not only does he have to give an explanation for the panama papers case for the two companies to which he is tied, one of the bahamas and the other in panama, but he should also hold an open news conference with questions from all of the journalists and you should explain this to t

organized crime prosecutors and havet law -- in panama rated the offices of thomas exxon sica -- of mossack fonseca. stephen, hello. we are starting off in the u.s. the world's biggest privately owned coal mine. stephen: peabody energy has find that has filed for bankruptcy protection in missouri. the unprecedented falling coal prices have left it unable to pay its debt. peabody's financial problems have been exacerbated by its $3.8 billion takeover of macarthur back in 2011. since then, prices and demand have fallen dramatically in the coal industry. u.s. government figures estimate half of american producers of the coal industry have filed for bankruptcy since the downturn began, but peabody would be one of the biggest we seen in trouble in the sector. catherine: let's turn to the price of oil, which has had a volatile 24 hours. stephen: we were talking yesterday about sharp gains on oil markets. prices rising to their highest levels that we have seen so far this year. that is after an oil producer's meeting on sunday, the head of the oil producers' meeting on sunday. you can see not quite as bri

treasure trove of leaked data on the several hundreds of thousands of offshore companies on mossack fonseca's books. 28 german banks used the services for clients. papers set up thousands of offshore companies for their clients. hearing these may have been used for tax avoidance or money laundering, german officials were quick to call for action. >> shell companies which still have an anonymous beneficial owner must no longer be allowed. set a money laundering law and create a transparency register were these offshore companies will be uncovered. reporter: the minister says other governments will have to follow suit to be effective at the local level. at the moment, there are no international bodies to enforce this. >> it calls for an international response to tax avoidance locally, which has so far been absent. ministries need to work together to narrow the scope. reporter: in a deal concluded in agreedver 80 countries to set up an automatic exchange information to spot tax evasion, but it only concerns bank accounts. eu officials have called for concerted action, something all 28 member sta

industrialist and politician is listed as a beneficial hotel an of shell company set up by mossack fonseca>> i don't know the company, let me elaborate and tell you when i replied giving the newspaper all the details of my holding and my personal holding, including dates everything, both sh aboveboard as far as india is concerned >>> according to investigations, they were found as proof of identity, linking him. >> this is happening in 2005. >> reporter: he shows us an email from a group, a corporate service provider in the isle of man that he has accounts with him. >> they wrote back saying we have them, but you are not connected in any shape or form. >> reporter: this man is part of a team that led the investigation, he was corresponding before. >> as reporters we have access to data, after due diligence, we are putting out the reports. what is legal, what is illegal and what is in between, that's for the agencies to decide. >> the panama papers evoked much reaction, in a place where 20% live blow the poverty line. since release, the issue has been on the front pages of every paper dalry

now the panamanian law firm, mossack fonseca, is linked to more than 1,000 u.s. companies.y of them formed in wyoming and nevada in the last 15 years. >> that's sprawling, unbelievable. >>> ted cruz and bernie sanders win big in the wisconsin primary election. has the race for president reached a turning point? we are breaking it all down with an expert top class panel coming up. is it becoming a better professor by being a more adventurous student? is it one day giving your daughter the opportunity she deserves? is it finally witnessing all the artistic wonders of the natural world? whatever your definition of success is, helping you pursue it, is ours. t-i-a-a. courtyard, the official hotel and i got together to remind you that no one's the same without the game... like @sirloinking who writes, "just came home with $85 worth of groceries with names like, goats beard, pawpaw and that vile weed kale. what happened?" well, a lack of football is what happened. breathe. soon, you'll be enjoying a big 'ol brat at a tailgate and kale smoothies will be but a memory. next time you

but the co-founder of mossack fonseca insists that just because they help set up these responsible for any wrongdoing. as he told "the new york times," quote, "we are like a car factory who sells its car to a dealer and he sells it to a lady that hits someone. the factory's not responsible for what is done with the car." it's more like, you made a car, left the car running outside a bank and loudly yelled, "i hope no bank robbers use this as a get away car." but maybe the most shocking thing about the "panama papers" is not what's illegal, but what's legal. because right now international laws basically allow wealthy people to stash their income in these offshore shell companies and hide their identity. that needs to change, because if it doesn't, we're looking at many more years of the world's wealthiest people doing this to us. [ laughter ] >> seth: this has been "a closer look." [ cheers and applause ] >> seth: w l, today is national t day and i lebrated it with my dog frisbee. she is a beautiful, tiny italian greyhound. and she and i drove around in the all new chrysler pacifica. s

in a statement the panama law firm mossack fonseca said in part it had operated beyond reproach for 40 years and had never been accused or charged with criminal wrongdoing. >>> former u.s. soccer star amy wombach was arrested. according to officials the retired soccer star failed sobriety test. a soccer legend, the 35-year-old is a two time olympic gold medalist. wombach holds the world record for most international goals scored. wombach apologized on facebook saying i let myself and others down. this is all on me. i promise i will do whatever it takes to ensure that my horrible mistake is never repeated. >>> we are now two weeks into spring. over the weekend devastating winds and blinding snow toppled trees, tore down homes and ripped through power lines. it left thousands of homes without electricity. this is the first sna series of clippers move in bringing winds up to 66 miles per hour. in massachusetts two people were killed after a tree fell on their car trapping them inside. bill karins is here with this latest winter blast. >> it is more like early march than early april. it is

david gunnlaugsson resigned tuesday after the leaked documents from the panama-based law firm mossack fonseca revealed he owned an offshore company with his wife, which he failed to declare when he entered the icelandic parliament. on wednesday, the coalition government announced agriculture minister sigurdur ingi johannsson would take over as prime minister and that a general election would be held in the fall. johannsson spoke out after the announcement. >> it is not the most is the situation when i am taking the prime minister's seat, but i will try to do my best. i am hoping the people of iceland will see the government will increase -- >> how would you describe the last three days? >> [indiscernible] amy: new articles of international consortium of investigative journalists's have revealed three of the most powerful people within the chinese government, including president xi jinping, have relatives with secret offshore companies set up by the law firm mossack fonseca. this comes as british prime minister david cameron and his family are facing increasing questioning over the revelations

gerard: it is 40 years of records of a firm in panama called mossack fonseca, and it is pretty much every detail of their clients. all of their e-mail addresses, all of the bank accounts they were holding for clients for up to 40 years, right up to december 2015. fernando: and who is in the database that you have? gerard: it ranges from everything from prime ministers, to presidents, to kings, to drug dealers, to mafia bosses. and not just talking about just the italian mafia, you've got the japanese mafia, the american mafia, people who have served jail time. fernando: and what were these people trying to achieve through this law firm in panama? gerard: what this firm sells is secrecy and what they were doing is they were going to this firm to get offshore accounts set up in various tax havens around the world to conceal what they were doing. so they were buying secrecy. they were setting up offshore accounts. and what happens there is when you set up an offshore account in the british virgin islands, if you link that to a swiss bank account, which is what we were seeing, then there was

focus of the latest revelations, and one panama-based company is at the heart of the scandal, mossack fonsecait is called and stands accused of offering tax evasasion and money launundering facilities to tens of thousands of clients. they apparently include members of the global political elite,e, the rich, and the superrich. there are sports stars, too. and there are criminals, including arms traders, drug barons, and terrorists. so on the show today, we will be discussing the question the panama papers, how dirty is the hidden money? to answer that question, i am joined by three excellent observers and journalists. i like to introduce them to you, beginning with max heywood, from transparency international, who sasays, "we have heardrd too may empty promises before. governments now have to take real action and make the ownership of all companies public." also with us is malte lehming from berlin's "tagesspiegel" newspaper. welcome, malte. he agrees with max. "we need to know the real and proper name of the owners of every company in the world." but that is easier said then done. business jo