A special 65-member Panama Papers committee of inquiry has been created by the European parliament to investigate potential wrongdoing exposed by ICIJ’s investigation.
A special Panama Papers committee of inquiry has been created by the European parliament and is expected to call high profile officals including Britain’s chancellor and representatives of law firm Mossack Fonseca as it probes potential wrongdoing unveiled by ICIJ and its partners’ investigations.
The 65-member inquiry committee was approved by a vote in the European parliament last week, and will have 12 months to investigate “contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and evasion” revealed by the Panama Papers.
Spokeswoman for the Greens in European Parliament Molly Scott Cato told the Guardian that the committee intended to call ministers, tax officials and bank bosses, including British chancellor George Osborne. A member of parliament from the right-of-center EPP group, Burkhard Balz, told AFP that law firm Mossack Fonseca and the Panama government would also be called to testify.
The European inquiry comes amidst continued global responses to the Panama Papers investigation:
A recent 25-country poll by global market research firm Ipsos found that four in five people surveyed agreed that the Panama Papers “shows that there’s two sets of rules in the world – one for rich people, and one for everybody else.” Respondents overwhelmingly disagreed with the statement that tax avoidance is reasonable, and most said politicians should resign when allegations related to offshore activity revealed in the Panama Papers are proven true.