Gas Leak Emergency in Karnobat: People Seek Medical Assistance
A new report of a gas leak in Karnobat has sparked concern among residents and authorities, as emergency services rush to address the situation
An unprecedented leak of documents is revealing the closely guarded investment information of more than 100,000 people around the world, who sought utmost secrecy in offshore tax havens.
In what is believed to be one of the largest ever leaks of financial data, the Washington, D.C.-based International Consortium of Investigative Journalists has received nearly 30 years of data entries, emails and other confidential details from 10 offshore havens around the world
Nearly forty media outlets in 35 other countries have also been involved, but not Bulgaria.
The files contain information on over 120,000 offshore entities — including shell corporations and legal structures known as trusts — involving people in over 170 countries.
The leak amounts to 260 gigabytes of data, or 162 times larger than the US State Department cables published by WikiLeaks in 2010.
"What we found as we started digging in the records is a pretty extensive collection of dodgy characters: Wall Street fraudsters, Ponzi schemers, figures connected to organized crime, to arms dealing, money launderers," said Michael Hudson, a senior editor at the ICIJ, as cited by CBC.
"We just found a lot of folks involved in questionable or outright illegal activities."
There was also plenty of information related to legal offshore dealings. Offshore investments aren't illicit as long as they are not used to evade taxes or launder money.
The leaked data also contains revelations about:
Elite Russian scammers who stole 0 million from the country's treasury in a deadly heist that sparked a diplomatic row with the U.S.The fraudster hit with the second-biggest fine in history from Ontario's stock-market regulator.Top German, French and Swiss banks that set up thousands of secretive companies in offshore havens for such clients as Thai and Pakistani politicians.
In many cases, the leaked documents expose insider details of how agents would incorporate companies in Caribbean and South Pacific micro-states on behalf of wealthy clients, then assign front people called "nominees" to serve, on paper, as directors and shareholders for the corporations — disguising the companies' true owners.
Often the companies were set up through intermediary law and accounting firms, as well, adding a further layer of anonymity for investors.
Sometimes these methods were used by figures with known links to organized crime, arms dealers and ex-mercenaries. In other instances, documents reveal tax dodgers funnelling money offshore, beyond the eyes and arms of their nation's treasury.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022