After tax authorities in Australia and New Zealand revealed they would be probing clients of a Panama-based law firm at the centre of a massive data leak for possible tax evasion other jurisdictions are expected to look into their countries for those in the report.
The leak is said to consist of more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama and in them, seven African countries are implicated.
African leaders associated with the report include, former President of Côte d’Ivoire, Laurent Gbagbo and his banking executive associate Jean-Claude N’Da Ametchi who is in the Mossack Fonseca data.
Nephew of South Africa’s President Jacob Zuma, Clive Khulubuse Zuma is in the data based on questionable oil field deals in the Democratic Republic of Congo.
Khulubuse Zuma’s spokesperson, Vuyo Mkhize was quoted in the Daily News, on Monday morning saying that Zuma did not have an offshore banking account and never had one.
Adding: “He was associated with a company that was set up and registered offshore in [the] British Islands. The extent of that association is that he was authorised to sign on behalf of the company that was doing business in the Democratic Republic of Congo.”
John Addo Kufuor, eldest son of Ghana’s former president, John Agyekum Kufuor, is seen in the report as having an offshore company which controlled a 75,000 dollar bank account for former president Kufour and his mother.
The report also shows that Mamadie Touré, widow of former dictator and president of Guinea, Lansana Conte, was granted the power of attorney to Matinda Partners and Co., which was a “conduit” for a lot of the money paid to Toure.
Others in the report are, personal secretary to the King of Morocco, Alaa Mubarak is an Egyptian businessman and the eldest son of ousted former Egyptian President Hosni Mubarak and lastly former president of Sudan, Ahmad Ali al-Mirghahi.
The leak, dubbed the “Panama Papers”, covers a period of over four decades, from 1977 until December 2015, allegedly shows that some companies domiciled in tax havens were being used for suspected money laundering, arms and drug deals and tax evasion.
African politicians and public figures also implicated in the report below