Agriculture giant Monsanto has been linked to offshore tax havens after the recent second leak of the Panama Papers scandal.
Subsidaries Monsanto Holdings Corp and Monsanto Associates Inc have been exposed as clients of disgraced law firm Mossack Fonseca, with MF CEO Jurgen Mossack operating as an officially registered director.
Mossack Fonseca has been accused of enabling tax evasion by registering shell companies in Panama for wealthy clients.
The subsidiaries that were registered in 1983 and 1985, were operating until the late 2000s, and are both currently inactive. The accounts were linked to Switzerland, the British Virgin Islands and Guernsey.
The data showing Monsanto’s ties to Mossack Fonseca was leaked online by The International Consortium of Investigative Journalists (ICIJ) in a searchable database format.
A growing number of companies and individuals have been named in the leaks, including politicians, business figures and celebrities.
Authorities around the globe are now investigating the leak to prosecute fraud and tax evasion.
By Sean Jacobson, Juxta News
Edited by Banjo Paterson, Juxta News