Trump and Ocean Club named in Panama Papers

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 Republican presidential nominee Donald Trump has been linked to anonymous companies created by the Panama law firm Mossack Fonseca, according to documents released by the International Consortium of Investigative Journalists known ( ICIJ),

The leaked documents show that the Trump empire is linked to 32 offshore companies, including the Trump Ocean Club International Hotel and Tower in Panama.

His name appears 3,540 times in the database, but according to media reports that doesn’t mean he is directly involved since Trump has sold his name to other investors in different countries.

The latest release of documents includes the names of more than 320,000 people and companies around the world, including politicians, businesspeople and movie stars.

 

Among the people named in the papers are Argentine President Mauricio Macri, British Prime Minister David Cameron, Saudi Arabian King Salman bin Abdulaziz bin Abdulrahman Al Saud, and actress Emma Watson.

Offshore companies are not illegal, but are often used to evade taxes. Trump is in the midst of a current furor over his  refusal to publish  his tax returns.

Mossack Fonseca has rejected the publishing of this database, which they say was stolen from their offices. They have announced legal actions against ICIJ, according to a statement.

“Beside being obtained illegally, the database is filled with errors and leads to wrong conclusions among people, companies and middlemen,” said Mossack Fonseca in a statement. “The use of stolen private information is a crime in every state that we work in.”

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