A man walks past a poster depicting Russian President Vladimir Putin and reading "Which Panama?" at a bus stop in Moscow, Russia, April 6, 2016. In Russian "panama" also means a bucket hat. REUTERS/Sergei Karpukhin
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The fallout from a massive leak of records on offshore accounts dragged a growing number of leaders and celebrities into the spotlight Wednesday, with a Bollywood actor, a race car driver and Ukraine's president among those denying they evaded taxes.Ukrainian President Petro Poroshenko was the latest high-profile politician to face scrutiny over the issue, denying he had meant to evade taxes by putting his candy company offshore.While there are legitimate reasons for setting up offshore companies, corruption experts say such constructs are frequently used to hide assets – be it from tax authorities or ex-spouses.Poroshenko's case, Ukrainian opposition groups argue that the president's decision to set up an offshore holding company in the British Virgin Islands could have deprived his country of millions of dollars in taxes.Paris daily Le Monde reported Tuesday on the offshore dealings of a longtime Le Pen acquaintance whose company provides publicity for electoral campaigns.
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