Kholi number 420, Big B come clean on Panama Papers please

Also read: From Big B to Nawaz Sharif, Panama Papers expose the high and mighty

In what could be termed as the mother of all journalistic investigations, a new probe "Panama Leaks" conducted jointly by several news organisations has revealed how famous businessmen, politicians, drug mafia, smugglers and rich citizens across the world covered their business dealings through shady offshore firms, evaded huge taxes and laundered money in tax havens such as British Virgin Islands (BVI), Bahamas, Seychelles, Samoa and so on.

How did it all happen?

More than a year ago, Süddeutsche Zeitung (SZ), a German media house got in touch with an anonymous source, which contacted it and submitted these internal documents from Panamanian company Mossack Fonseca, the world's fourth biggest offshore law firm.

The leak contains 11.5 million documents worth 2.6 terabytes of data, making it the biggest leak in history. The data consists of details on companies registered from 1977 to 2015.

Read more here.