Jul 28, 2016

    Netflix making film on Panama Papers scandal


    THE Panama Papers financial scandal is going to Hollywood.

    Streaming service Netflix said on Tuesday it had acquired the rights to a book written by two German investigative journalists and was turning it into a feature movie to be produced by John Wells.

    It is the second proposed movie on the scandal that thrust tax havens into the spotlight, after the details of hundreds of thousands of clients' tax affairs were leaked from Panama-based law firm Mossack Fonseca in April by an anonymous whistleblower.

    American director Steven Soderbergh is also producing a movie about the scandal based on a different book, the upcoming Secrecy World by American reporter Jake Bernstein, said reports earlier this month.

    The Netflix film will be based on the account of German journalists Frederik Obermaier and Bastian Obermayer, the first to break the story.

    Netflix had bought exclusive rights to their book Panama Papers: Breaking The Story Of How The World's Rich and Powerful Hide Their Money.

    The International Consortium of Journalists, whose members worked to bring the Panama Papers to the public, is also collaborating on the film.