The Panama Papers exposed a link between an American oil company's oil concessions and several powerful politicians in Angola. According to the leaked documents approximately fifteen shell companies funneled money through UBS bank accounts to elites in Portugal with direct ties to Helder Bataglia dos Santos of Escom, which describes itself as one of the largest investors in Angola and the Democratic Republic of Congo. The account of one company, Markwell Inc, received and sent on over $12 million in 2008 and 2009.
Two men linked to Fidentia, a South African asset management company that looted 1.2 billion rand from pension funds meant to provide for 46,000 widows and orphans of mineworkers, had accounts with Mossack Fonseca, which was willing to help hide the money even after South Africa made their names public. The former chief executive of Fidentia, J. Arthur Brown, was sentenced in 2014 to concurrent 15-year sentences. The FBI arrested one man, Steven Goodwin, in Los Angeles in 2008. Sent back to South Africa, Goodwin was sentenced to 10 years in prison for fraud and money laundering. The other, Graham Maddock, was also later jailed in South Africa for fraud.
Three Mossack Fonseca companies started for clients of Helene Mathieu Legal Consultants were later sanctioned by the US Treasury's Office of Foreign Assets Control (OFAC). Pangates International Corporation was accused in July 2014 of supplying the government of Syria with "a large amount of specialty petroleum products" with "limited civilian application in Syria". The other two, Maxima Middle East Trading and Morgan Additives Manufacturing Co, and their owners Wael Abdulkarim and Ahmad Barqawi, were said to have "engaged in deceptive measures" to supply oil products to Syria.
Putin's name does not appear in any of the records released to date, but those of his associates do. Construction billionaires Arkady and Boris Rotenberg, musician Sergei Roldugin and business magnate Alisher Usmanov are mentioned in the leaked documents, as are Putin's long-standing friend, billionaire Gennady Timchenko, as well as his press secretary's spouse, his cousin, and former KGB colleagues, as well as several oligarchs connected to Mossack Fonseca shell companies.
"This is a unique opportunity to test the effectiveness of leaktivism", said Micah White, co-founder of Occupy, "... the Panama Papers are being dissected via an unprecedented collaboration between hundreds of highly credible international journalists who have been working secretly for a year. This is the global professionalization of leaktivism. The days of WikiLeaks amateurism are over."