F1 top news

Rosberg’s Mercedes deal in ‘Panama Papers’ tax evasion leak

Mercedes F1 driver Nico Rosberg named in 'Panama Papers' tax evasion leak

Mercedes F1 driver Nico Rosberg named in ‘Panama Papers’ tax evasion leak

Formula One Championship leader Nico Rosberg’s name is among hundreds implicated in an enormous global leak of documents known as the ‘Panama Papers’.

The 11.5 million confidential documents come from a law firm in Panama called Mossack Fonseca, exposing a web of secret offshore companies allegedly used to hide wealth, evade tax and launder money, according to the Financial Times.

NDR, a German public broadcaster, said Rosberg’s name is among those like football star Lionel Messi mentioned in the massive data leak, relating to his latest F1 contract with Mercedes.

The report said Rosberg’s F1 deal is actually between Mercedes and a company called Ambitious Group Limited, based in the British Virgin Islands.

And Ambitious Group apparently belongs to two other alleged “front” companies headquartered in the Channel Islands.

But ARD, another German broadcaster, made clear that the documents do not indicate that Mercedes or Rosberg did anything illegal.

Mercedes would not comment, while a lawyer for Rosberg told the French sports daily L’Equipe that it is a private matter.

Another F1-connected name linked with the Panama Papers leak is Jarno Trulli, but the Italian told La Gazzetta dello Sport: “I have several companies in the world and all are run in a transparent manner.”

And when asked why his name is also connected with Mossack Fonseca, former Ferrari president Luca di Montezemolo told Italy’s L’Espresso: “I do not know this law firm.”

Facebook Comments
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com

Copyright © 2015 Thisisf1.com

To Top