Concern as ‘Red Cross’ appears in #PanamaPapers
Aid groups voiced concern about the revelation that the name of the Red Cross had been usurped in shady financial dealings. |||
London – Some of the world’s biggest aid agencies voiced concern on Monday that they may be further exposed to risk from the murky world of offshore finance after the latest release of the Panama Papers showed the name of the Red Cross was falsely used. The cache of documents revealed how Panamanian law firm Mossack Fonseca created dummy foundations, with one of its fictitious beneficiaries listed as the “International Red Cross”. The misappropriation …read more
Source: Independent Online
