Head of “Transparency International” in Chile Resigns After “Panama Papers” Revelations

Head of "Transparency International" in Chile Resigns After "Panama Papers" Revelations

Define irony.

While the global media has been almost entirely focused on the “circle of close Putin friends” who have emerged as some of Mossack Fonseca’s clients, and moments ago the Panama Papers even had their first official casualty when the Iceland prime minister resigned, far more amusing examples of “shell firm” perpetrators have emerged, if deep under the radar.

As Reuters reports with barely a trace of humor, the president of the Chilean branch of Transparency International resigned on Monday after documents from a Panamanian law firm showed he was linked to at least five offshore companies.

For those who are unfamiliar, Transparency International is a German-based organization that seeks to monitor and root out corporate and political corruption worldwide.

Awkward.

Perhaps he should have used Bill Clinton to get the definition of the word “transparency”?

Define irony.

While the global media has been almost entirely focused on the “circle of close Putin friends” who have emerged as some of Mossack Fonseca’s clients, and moments ago the Panama Papers even had their first official casualty when the Iceland prime minister resigned, far more amusing examples of “shell firm” perpetrators have emerged, if deep under the radar.

As Reuters reports with barely a trace of humor, the president of the Chilean branch of Transparency International resigned on Monday after documents from a Panamanian law firm showed he was linked to at least five offshore companies.

For those who are unfamiliar, Transparency International is a German-based organization that seeks to monitor and root out corporate and political corruption worldwide.

Awkward.

Perhaps he should have used Bill Clinton to get the definition of the word “transparency”?

Source: Zero Hedge

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