Red Cross Name Falsely Used to Hide Offshore Funds

The Panama Papers show that Mossack Fonseca falsely used the name of the Red Cross and other charity agencies routinely to help hide the origin of millions of dollars in mysterious funds, said two newspapers on April 10.

A 4X4 jeep of the German Red Cross (DRK), part of a 25-ton shipment of tents, generators, air-conditioning units, chlorine for disinfection and other supplies destined for Ebola treatment centers in Sierra Leone, stands on the tarmac shortly before ground crews loaded it onto a plane at Schoenefeld Airport on November 4, 2014 in Schoenefeld, Germany. Sean Gallup/Getty Images

The Panama Papers show that Mossack Fonseca used the name of the Red Cross and other charity agencies routinely to hide the real beneficiaries of millions of dollars in offshore funds, said two newspapers on April 10.

It is not believed that the charitable organizations had any knowledge that their names were being falsely used to obscure the funds.

According to Panama law, the beneficiaries of a foundation can be used without knowing it.

— Panama papers