The Panama Papers: What’s new on Egypt, and why should you care?

Source: Madamasr
Author(s): Hossam Bahgat

Original Link:

On Tuesday evening, the International Consortium for Investigative Journalism CK (ICIJ) released a new database of people and companies who own shares in businesses registered in tax havens and who were exposed in the document leak known as the Panama Papers.

The leak contains more than 11.5 million documents from the Panama-based law firm Mossack Fonseca, which specializes in providing legal services for offshore companies. The documents, some of which date back to the 1970s, were originally provided to the German newspaper Süddeutsche Zeitung by an anonymous source.

In cooperation with the ICIJ, the Süddeutsche Zeitung published an initial batch of documents on April 3. The only information relating to Egypt concerned Pan World Investments, a fund owned by Alaa and Gamal Mubarak…

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