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German minister asks press to return Panama Papers

Tax investigators and lawyers in Germany were carefully looking at all clues related to reports on the scandal

Policy Pulse
Publish Date: Apr 11 2016 12:36PM | Updated Date: Apr 11 2016 12:36PM

German minister asks press to return Panama Papers

 German Justice Minister Heiko Maas appealed in a newspaper interview to media to hand over the Panama Papers that show how offshore firms are used to stash the wealth of the world's elite.

 
Governments around the globe have started investigating possible financial wrongdoing by the world's rich and powerful since details of hundreds of thousands of clients were leaked from Panama-based law firm Mossack Fonseca, which has set up around 250,000 companies in the last four decades.
 
Maas told German newspaper Tagesspiegel that tax investigators and lawyers in Germany were carefully looking at all clues related to reports on the Panama Papers and several investigations were already underway.
 
"It would help bring about justice if important documents were handed over to the authorities," he said, adding that this would also boost revenues for state coffers.
 
He said he was optimistic that investigating authorities and the media would together find a way to at least exchange "certain valuable information".
 
On Friday a spokeswoman for the German finance ministry said the government had taken note of comments from media that they did not want to hand over documents, adding that the media had the right not to.
 
The scandal broke when an investigation was published last Sunday, with German newspaper Sueddeutsche Zeitung saying it had received a cache of 11.5 million leaked documents from Mossack Fonseca and then shared them with more than 100 other international news outlets and the International Consortium of Investigative Journalists (ICIJ).