Spiegel involves Wolfgang Schaeuble in Panama Papers case

German magazine Der Spiegel involves German Finance Minister Wolfgang Schaeuble in the Panama Papers case which was revealed last week and concern a massive data leak that has called into question the finances of the world‘s rich and powerful.

According to an article published on the weekly Spiegel magazine on Saturday, Mr. Schaeuble ignored an information request from an insider who suspected dubious financing at a government corporation.

The Federal Printing Office (Bundesdruckerei) has used a shell company in Panama for its business activities in Venezuela, the weekly reported.

A letter from a whistleblower asking Schaeuble and Werner Gatzer, the minister‘s state secretary who sits on the company‘s supervisory board, to shed light on the offshore finances was reportedly ignored for years, says europeonline.

However, now that the printing office is thought to appear in the Panama Papers, the German government finds itself under pressure to explain its stance, but the Finance Ministry has not yet commented on the Spiegel report.