Nobel
prize-winning economist steps down saying Panama government refused
to guarantee report would be made public
The
committee set up to investigate the lack of transparency in Panama’s
financial system itself lacks transparency, Nobel prize-winning
economist Joseph Stiglitz has said after resigning from the Panama
Papers commission.
The leak in
April of more than 11.5m documents from the Panamanian law firm
Mossack Fonseca detailed financial information from offshore accounts
and potential tax evasion by the rich and powerful.
Stiglitz and
Swiss anti-corruption expert Mark Pieth joined a seven-member
commission to investigate Panama’s notoriously opaque financial
system, but both quit the group on Friday, saying Panama refused to
guarantee the committee’s report would be made public.
“I
thought the government was more committed, but obviously they’re
not,” Stiglitz said. “It’s amazing how they tried to
undermine us.”
Full
report:
So, do
you need further proof? - Panama
Papers: When mainstream information wears the anti-establishment mask
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