Poker players to find a mention in the recently released list of wealthy and high-profile figures who used an offshore tax haven to deposit their wealth.
The lid on this was blown open by a whistleblower to show links of the rich and famous with world’s fourth largest offshore law firm, Mossack Fonseca.
A massive 11.5m documents were leaked revealing names of 12 national leaders, 143 politicians, as well as some Swedish poker players.
Included among the poker players are three men who have previously served a three-year jail term for fraud back in 2011.
According to court documents, they operated a firm in Sweden, also registered in the British Virgin Islands, with Mossack Fonseca as their agent.
After the Panama Papers were leaked, Swedish newspaper Dagens Nyheter highlighted the links of these men and their Nordic gambling site.
Following that, several other parties have now come under the scanner of authorities. These include several Swedish individuals, businesses, and the famous Scandinavian bank, Nordea.
Sweden boasts of one of the highest corporate and personal tax rates across the globe.
After the recent revelations, over 400 Swedish firms and people named in the Panama Papers will be investigated by Swedish tax authority.
Sweden's Finance Minister Magdalena Andersson said:
“It is a crime – tax evasion – it is totally unacceptable. I mean, the whole of the Swedish model is based on the fact that you accept and pay taxes.”
The Panama Papers were first handed over to a German newspaper Süddeutsche Zeitung in August 2015. Journalists from over 80 countries across the globe worked on these documents to join the dots.
Interestingly, the full list of names is being worked on at the moment and is likely to be made public in May.
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