Shown to be bigger than 2010 WikiLeaks or the Edward Snowden leak of 2013, is the Panama Papers Leak of the offshore law firm Mossack Fonseka the largest online data leak so far?
By: Ringo Bones
Despite and online publication about it is currently being
blocked by Baidu – The People’s Republic of China’s equivalent of Google and
the only search engine permitted to function in Mainland China by the Beijing
Communist Party – the Panama Papers Leak of the offshore law firm Mossack
Fonseka is currently revealed to be the largest online data leak ever. It is
larger, in fact, than the US diplomatic cables released by WikiLeaks in 2010
and the secret intelligence documents given to journalists by former U.S. National
Security Agency analyst Edward Snowden in 2013 – but actually, how big is it?
There are 11.5 million documents and 2.6 terabytes – or about
260 gigabytes – of information drawn from Mossack Fonseca’s internal database. By
way of comparison, the 2010 WikiLeaks only consisted of 1.76 gigabytes of data
and the Edward Snowden revelations of 2013 is even much smaller in data size
despite of the large-scale global political fallout. And because of its size,
the Panama Papers Leak could be harder to cyber-censor because proxy sites are
probably popping up all over the world-wide-web. The “Great Firewall of China”
would be akin to using a sieve to plug a water leak.
The records were first obtained from an anonymous source by
the German newspaper Sϋddeutsche Zeitung, which shared them with the
International Consortium of Investigative Journalists (ICIJ). The ICIJ then
shared them with a large network of international partners – including the
Guardian and the BBC. The documents show the myriad ways in which the rich can
exploit secretive offshore tax regimes. Twelve national leaders are among the
143 politicians, their families and close associates from around the world
known to have been using offshore tax havens and a significant number of them
are incumbent members and immediate families of the Beijing Communist Party.
Ever since the news about the Panama Papers Leak went global, Baidu – The People’s
Republic of China’s equivalent of Google and the only search engine authorized
by the monolithic communist party to operate in Mainland China – had been
blocking the story for frat that it may be just a “Western Plot” against the Beijing
Communist Party.
A 2-billion US dollar trail leads all the way to Russian
strongman Vladimir Putin via the Russian president’s best friend – a cellist
named Sergei Roldugin – is at the center of a scheme in which money from the Russian
state banks is hidden offshore. Some of it ends up in a ski resort where in
2013 Putin’s daughter Katerina got married. And despite the legality of the
leaked documents, Russia’s official news agency had dismissed the revelations
as a “Western plot” against Vladimir Putin.
Among the other national leaders revealed by the Panama
Papers Leak to have offshore wealth are Pakistan’s Prime Minister Nawaz Sharif,
ex-interim prime minister and former vice-president of Iraq Ayad Alawi,
president of Ukraine Petro Poroshenko, Alaa Mubarak – son of Egypt’s former
president and the Prime Minister of Iceland, Sigmundur Davíỗ
Gunnlsughsson. And what irked the international community most is on how
Mossack Fonseca helped governments that are under imposed economic sanctions by
the UN Security Council to still do business with impunity – like North Korea
and Russia since the unlawful Donetsk Region annexation by the Putin regime.
Mossack Fonseca is a Panama-based law firm whose services include
incorporating companies in offshore jurisdictions such as the British Virgin
Islands. It administers offshore firms for a yearly fee. Other services include
wealth management. The firm is Panamanian but runs a worldwide operation. Its
website boasts of a global network with 600 people working in 42 countries. It
has franchises around the world, where separately owned affiliates sign up new
customers and have exclusive rights to use its brand. Mossack Fonseca operates
in tax havens including Switzerland, Cyprus and British Virgin Islands and in
the British crown dependencies of Guernsey, Jersey and the Isle of Man.