The so-called Paradise Papers were leaked to the German newspaper Süddeutsche Zeitung, the same publication that obtained the “Panama Papers.” Süddeutsche Zeitung shared the new documents with the International Consortium of Investigative Journalists, which led a global effort of 96 media organizations from 67 countries to pore through the records. The findings were published on Sunday.
The documents show that many of the wealthy individuals Trump brought into his administration have worked to legally store their money in offshore havens where they would be free from taxation in the United States. Trump has promised repeatedly to “drain the swamp,” in condemning the idea that well-connected individuals in Washington, D.C., preserve their own interests at the expense of the rest of the country.
Among the Trump administration officials implicated in the leaks is Commerce Secretary Wilbur Ross, who according to the documents concealed his ties to a Russian energy company that is partly owned by Russian President Vladimir Putin’s judo partner Gennady Timchenko and Putin’s son-in-law, Kirill Shamalov. Through offshore investments, Ross held a stake in Navigator Holdings, which had a close business relationship with the Russian firm. Ross did not disclose that connection during his confirmation process on Capitol Hill.Irina Reznik and Henry Meyer at The Daily Beast:
A Russian lawyer who met with President Donald Trump’s oldest son last year says he indicated that a law targeting Russia could be re-examined if his father won the election and asked her for written evidence that illegal proceeds went to Hillary Clinton’s campaign.
The lawyer, Natalia Veselnitskaya, said in a two-and-a-half-hour interview in Moscow that she would tell these and other things to the Senate Judiciary Committee on condition that her answers be made public, something it hasn’t agreed to. She has received scores of questions from the committee, which is investigating possible collusion between Russia and the Trump campaign. Veselnitskaya said she’s also ready -- if asked -- to testify to Special Counsel Robert Mueller.
“Looking ahead, if we come to power, we can return to this issue and think what to do about it,’’ Trump Jr. said of the 2012 law, she recalled. “I understand our side may have messed up, but it’ll take a long time to get to the bottom of it,” he added, according to her.