what is panama papers?

 The Panama Papers are a massive cache of over 11 million confidential documents that were leaked from the Panamanian law firm Mossack Fonseca in 2016. The documents reveal information about the use of offshore tax havens and shell companies by wealthy individuals, politicians, and corporations for purposes such as tax evasion, money laundering, and other illicit activities.

The leak was one of the largest in history and received widespread media attention, leading to investigations and arrests in multiple countries. The documents also sparked public debate about tax havens, offshore finance, and the need for greater transparency and accountability in the financial system.

The Panama Papers have been used as evidence in numerous corruption cases and have also been used to support calls for greater financial transparency and regulation of offshore finance. The revelations of the Panama Papers have also led to increased scrutiny of the role of law firms, banks, and other intermediaries in facilitating offshore finance and tax evasion.