Jenő Faller told Direkt36 that when he founded the offshore company it was a “fashionable” thing to do.

Suspicious transactions have been routinely moved through the Hungarian banking system, Direkt36 has revealed as part of the the global FinCENFiles investigation.

The so-called Eclipse scandal was one of the biggest corruption cases of the last two decades in Hungary. The new Panama Papers now reveal that a businessman with extensive connections to the government signed a consultancy contract with Eclipse through an offshore company.

Paradise Papers revealed that hundreds of Hungarians do business in Malta. Many of them have political ties, including the ex-leaders of a company that prepares Hungary’s power plant expansion project, a former treasurer of Ferenc Gyurcsany’s socialist government and sport entrepreneurs connected to far-fight Jobbik.

The Paradise Papers project has revealed the links of a top Hungarian diplomat’s ties to a wealthy family and showed the former offshore interests of a businessman close to the government.

The leaked files contain data on more than 175 thousand companies registered in The Bahamas. The records exposed the hidden offshore connection of a former EU commissioner, Neelie Kroes, and the offshore interest of a well-connected Hungarian businessman.

Loyal Bank was often recommended to customers by Mossack Fonseca, the Panama law firm at the heart of the leaks. The documents reveal that the bank is owned by Otto Hujber, a Hungarian businessman.

Details of more than 200 thousand offshore companies are made public. The information is coming from the leaked documents known as the Panama Papers.

This is how the anonymous whistleblower behind the Panama Papers gives justification for the leak in a statement.

Our Panama Papers reporter on how he got involved in the world’s biggest international investigative reporting project.