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The Panama Papers are a massive leak of 11.5 million documents from the Panamanian law firm Mossack Fonseca, released in April 2016. These documents exposed the secretive offshore financial activities of numerous wealthy individuals, politicians, and public officials worldwide. The leak revealed how these entities used offshore shell companies to evade taxes, launder money, and hide wealth. Journalists from the International Consortium of Investigative Journalists (ICIJ) coordinated the investigation, uncovering high-profile names such as heads of state and celebrities. The scandal sparked global outrage, leading to calls for greater financial transparency and reforms in international tax laws.
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