New revelations published today by theInternational Consortium of Investigative Journalists, the German newspaperSüddeutsche Zeitung and news organizations from Europe, South America, Asia and Africa reveal fresh information about offshore companies in the Bahamas.
Alongside detailed reporting, ICIJ, Süddeutsche Zeitung and other media partners are making details from the Bahamas corporate registry available to the public. This creates, for the first time, a free, online and publicly-searchable registry of offshore companies set up in the island nation that has sometimes been called “The Switzerland of the West.”
“We see it as a service to the public to make this basic kind of information openly available,” said Gerard Ryle, the director of the International Consortium of Investigative Journalists.
“There is much evidence to suggest that where you have secrecy in the offshore world you have the potential for wrong doing. So let’s eliminate the secrecy.”
The cache of documents from the island nation’s corporate registry provides names of directors and some owners of more than 175,000 Bahamian companies, trusts and foundations registered between 1990 and early 2016.
The leaked Bahamian files reveal details of the offshore activities of prime ministers, ministers, princes and convicted felons.