The Panama Papers have placed politicians under a microscope, and the Ukrainian president is one of them.
The papers consist of an unprecedented data leak that reveals tax information and offshore accounts that are linked to politicians, celebrities, drug traffickers, and fraudsters, according to the international group of journalists (ICIJ) that released the information.
The Monssack Fonseca data breach revealed that the president of Ukraine, Petro Poroshenko, had offshore assets. The documents released by the International Consortium of Investigative Journalists showed that Poroshenko set up an offshore holding company to move his business to the British Virgin Islands, which may have saved him millions of dollars in Ukrainian taxes. The data shows Poroshenko as the sole shareholder of a secret company called Prime Asset Partners Ltd.
