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Business Daily: Panama Papers Expose Global Fraud

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Panama Papers Expose Global Fraud

04/04/2016 GMT

BBC World Service - Business Daily, Panama Papers Expose Global Fraud

How a Panamanian firm helped rich clients launder money; Ivory Coast after terror.

How a Panamanian firm helped world leaders launder money, how Ivory Coast is recovering after a terror attack, and why Lucy Kellaway advises bosses to avoid motivational memos.

We delve deeper into stunning new allegations of money laundering by the rich and the powerful. Millions of documents leaked from a Panamanian law firm, Mossack Fonseca, have revealed secret deals linked to more than 70 current and former world leaders - from Colonel Gaddafi of Libya to Vladimir Putin of Russia. We look at some of the details and speak to Chido Dunn of the campaign group Global Witness, who argues that the current laws regulating offshore banks are not worth the paper they're written on.  Also in the programme we hear from the BBC's Tamasin Ford in Ivory Coast about how it's counting the cost after a devastating terror attack last month. And Lucy Kellaway of the Financial Times goes on the warpath, this time against the corporate leader's memo - a directive to make staff work harder which she reckons never works.

(Photo Credit: BBC)

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