An American investigative journalist, for the first time, has discovered US President Donald Trump’s name in Panama Papers over some irregularities during a condo sale at the Trump Palace in New York.
Investigative reporter Jake Bernstein reported his discovery on his website about the finding of Donald Trump’s name for around 3,450 times on Friday including some secrets of the world’s rich and powerful remain hidden among the massive trove of leaked documents, reports Newsweek
The latest revelations involve a Panamanian company called Process Consultants (sic), which was created as “an anonymous shell company” in 1985 by people not named in the Panama Papers.
This company purchased a condo in the newly constructed Trump Palace in 1991, before selling it three years later in a deal brokered exclusively by Trump Corporation.
Bernstein continued explaining that the sale of the Trump apartment was not the last time Process Consultants appears in the Panama Papers.
“In 2006, Mossack Fonseca [Panamanian law firm] contacted the Ecuadorian industrialist [suspected by Bernstein of being behind Process Consultans] about his company,” writes Bernstein.
“It appears the firm lost touch with the owner and believed he wanted the company dissolved. Mossack Fonseca went to UBS [a Swiss global financial services company], which rejected any responsibility for the matter.”
Bernstein concludes: “By 2008, Mossack Fonseca had created more than 160,000 offshore entities. This torrent of secret companies, particularly the older ones, had become difficult to manage.
“Still, as long as everyone got paid — including Donald Trump —nobody asked too many questions.”
The Panama Papers was first published in full in May 2016, by the International Consortium of Investigative Journalists (ICIJ). The cache of 11.5m million files spanning 40 years reveals over 360,000 names linked to Mossack Fonseca.
The scandal drew in several world leaders, including former British prime minister David Cameron and Iceland prime minister Sigmunder Gunnlaugsson—who resigned on April 5, 2016, after it was revealed he had not disclosed his financial interests when he took office.