Investigating the ‘bastards’ & Offshore laws remain ‘weak’
Yesterday’s story that the U.K. would force their territories (including the British Virgin Islands and Cayman Islands) to disclose the true owners of companies shows the impact our investigations can have. (Remember, all our work is funded by donations!)
It’s big, but it’s certainly not all we have for you this week!
When Mossack Fonseca co-founder Jurgen Mossack realized his firm was representing an offshore company owned by drug lord Rafael Caro Quintero, they quickly dropped Quintero’s business.
Mossack said the notorious Colombian drug lord Pablo Escobar was “a baby” compared with Quintero and was worried he might come knocking (you can read the email yourself!) Now, the FBI has posted a $20 million reward for information on Quintero and added him to their top-10 most wanted list. The notorious drug lord is wanted in relation to a kidnapping and murder from 1985. Maybe Mossack’s fear was warranted...
This week we also speak with ICIJ co-founder Chuck Lewis who has won a prestigious award for his work fostering investigative journalism. He tells us why he’s devoted so much time to developing journalism, and that journalistic independence means “investigating the bastards, whoever they are.” Here, here Chuck!
Chuck Lewis, ICIJ founder, has been honored with the I.F. Stone medal. To mark the achievement we talk to Lewis about the importance of “truth telling” and journalistic independence - and how that means “investigating the bastards.”