ICIJ's Offshore Files: The Singapore Link?
In 2010, the US Diplomatic Cable leaks caught the public's attention in a big way with the global media going on a frenzy of reporting about all the 'juicy' information emerging from leaked US Embassy cables. I just glanced through the website of the International Consortium of Investigative Journalists and it didn't take me long to realise that the information released by them on 3rd April 2013 about the network of global offshore money is potentially far more explosive that the Diplomatic Cable leaks. ICIJ claims that its director Gerard Ryle managed to obtain a hard drive containing 2.5 million files of corporate data that points to a web of hidden financial interests alluding to a possibility of tax evasion and money laundering. Packed with information about 120,000 offshore companies and 130,000 individuals worldwide, this hard drive and the investigative story emerging out of it is going to adversely affect many reputations (at the very least). The story is...