Panama Papers: Probes launched as leaders face heat over leaks

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The Australian Tax Office said it was investigating more than 800 wealthy Mossack Fonseca clients and had linked more than 120 of them to an associate offshore service provider located in Hong Kong, which it did not name.

Meanwhile, the head of Mossack Fonseca, Ramon Fonseca, has denied any wrongdoing but said his firm had suffered a successful but “limited” hack on its database. He described the hack and leak as “an international campaign against privacy”.

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The revelations drew an angry reaction from some quarters. German Economy Minister Sigmar Gabriel questioned the morals of the financial world.

“The greed of the super-rich is connected to the lack of conscience in the banking and financial sector. Both damage the trust in the rule of law,” he told Sueddeutsche Zeitung.

Also read | HSBC, UBS, Credit Suisse, other banks helped wealthy hide assets

In Ukraine, lawmakers said parliament should investigate allegations against President Petro Poroshenko as fighting between Ukraine and pro-Russian separatists peaked.

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