Tag Archives: Mossack Fonseca

The Panama Papers: Dirty Money or Dirty Media?

Panama PapersOn 3 April 2016, the first few of the so-called Panama Papers were published by mainstream media across the West. The Panama Papers are a collection of allegedly 2.6 TB of data and documents by and related to Mossack Fonseca, a Panamanian law firm providing offshore trust services.

The leak, given by an anonymous whistle-blower to Bastian Obermayer of the German Süddeutsche Zeitung, consists of 11.5 million documents created between the 1970s and late 2015 by Mossack Fonseca. A consortium of journalists, the International Consortium of Investigative Journalists (ICIJ) subsequently organised the research and review of the documents.

These documents allegedly provide proof of the rich and powerful in the world storing their massive stashes of money in tax havens across the world like the British Virgin Islands (BVI), Guernsey, The Netherlands, etc. This practice is called tax avoidance, and is usually not illegal. It is highly questionable from a moral standpoint though. Billions of euros or dollars flow through thousands of shell companies that provide no benefit to society in terms of services, goods and employment. And the country of residence of the billionaire in question doesn’t receive tax income which could be put to better use to improve society rather than sit on an anonymous bank account on the Cayman Islands.

Media Bias

Putin_mediaOne of the first things that struck me as odd, but that is sadly no longer surprising, was the incredibly one-sided reporting done on this by the media. On 3 April, lots of articles appeared about the Panama Papers, and they strongly implied that President Putin of Russia was mentioned in these documents. Even though Putin was not mentioned in the few actual documents released to this point, the mainstream media strongly implied (by using photographs depicting Putin, for instance), that Putin is personally involved with the arrangements mentioned in the documents by Mossack Fonseca. The BBC Panorama documentary entitled “Tax Havens of the Rich and Powerful Exposed” is also strongly biased in their editing, showing documents on-screen for only a few nanoseconds behind an unclear background. When you stop the video and zoom in you can clearly see that the documents shown are from the British Virgin Islands, while this British overseas territory is not mentioned even once in the documentary itself, while they are droning on about Putin and the Icelandic former Prime Minister Gunnlaugsson.

Why this massive media bias? Why is it necessary to remind us that leaders from countries like Russia, China, Zimbabwe, North Korea, Syria etc. are corrupt? We know that. That is not news. What would be news is to reveal hard evidence that Western billionaires like George Soros are just as corrupt, and worse, that they influence politics and world affairs using their massive stashes of money.

The reason why the bias is so strong is partly due to the methodology used, and partly because of other interests. The Süddeutsche Zeitung gives a detailed explanation on how these documents were searched for interesting titbits. One of the things they did is focus on countries that may be violating UN sanctions, which might explain in part why the bias is on non-Western countries as it is. Also note that these documents only come from one law firm in Panama. If there would be another leak from, say, a law firm on the BVI, then we might find other people involved.

As Craig Murray, former UK Ambassador to Uzbekistan has written, Western journalists, the corporate media gatekeepers, are withholding the vast majority of the actual documents from the public. If we truly want to know what the impact of the Panama Papers is, without spin from the media, we should have access to the actual raw documents. Raw docs or it doesn’t exist, so to speak. If you don’t release 99% of the documents, you’re engaged in 1% journalism by definition. This is why I like the work that WikiLeaks is doing. They work very hard to publish the original source documents responsibly so that we can all learn how the world works from the original and authoritative source material. And then all journalists can read these documents on an equal standing. It’s been a pet-peeve of mine for many years that mainstream media don’t link to their sources like bloggers do. If a story is clearly based on documents like in this case the Panama Papers, just release the source documents together with your explanatory articles. Why is this such a problem?

Or are the journalists who have access to these documents afraid of possible blow-back if they report on the hand that feeds them?

Who is funding this?

Because that is the big elephant in the room. Who could be funding this propaganda extravaganza? Let’s have a look at the ICIJ’s site shall we?

Soros

George Soros at the Festival of Economics 2012, Trento. Photo by Niccolò Caranti.

The International Consortium of Investigative Journalists is based in Washington, D.C, and is a project of the Center for Public Integrity. There, on the funding page, you can read that amongst the big institutional funders are names like the Omidyar Network (Pierre Omidyar, owner of The Intercept and founder of eBay), the Open Society Foundations (George Soros), the W.K. Kellogg Foundation, the Rockefellers, The Democracy Fund (again: Omidyar), and many others.

The OCCRP (Organized Crime and Corruption USAIDReporting Project) is also heavily involved with the Panama Papers project, and is sponsored, by (again) the Open Society Institute of George Soros, and also USAID, which is a US government agency and front organisation posing as a charity and frequently used as an instrument of regime change.

Is it strange that which such backers the very first news reports that came out were so incredibly biased? Given how much the US administration would like to see regime change in Russia, are these reports bashing the Russian President a surprise? No, sadly, I’m not surprised any more. What I find despicable, is that so many journalists who worked on this, like to think of themselves as independent and the ultimate arbiters of truth, when evidently, they are not.

Why are there not reports about the vast amount of wealth stashed away in tax havens by George Soros? Mark Zuckerberg? Warren Buffet? The journalists sacrificed a token Western leader like Gunnlaugsson from Iceland, so they can claim to be bias-free (“look, we’re also publishing on Western leaders!”), while in reality, their entire enterprise is funded by the rich and powerful in the West. So I think I can quite confidently predict that for instance George Soros’s financial arrangements in various tax havens will not be published. Mark my words.