Datuk Seri Mohamed Nazri Aziz says if no law had been broken in Panama Papers, there was no need to treat the matter like a big deal. ― Picture by Choo Choy May

SHAH ALAM, April 5 ― Datuk Seri Mohamed Nazri Aziz dismissed today the alleged involvement of Malaysians in the Panama Papers, saying the issue should not be blown out of proportion.

The tourism and culture minister said if no law had been broken, there was no need to treat the matter like a big deal.

“Businessmen can put their money there, so why not politicians? Their money, their wish, unless they are breaking the law in doing so,” he told a news conference.

The Panama Papers information leak involves over 11.5 million confidential documents created by Panamanian corporate service provider Mossack Fonseca.

The documents provide detailed information on more than 214,000 offshore companies, the names of their shareholders as well as their directors, which include among them government leaders, their close associates and even close relatives.

Those named in the Panama Papers include individuals from Malaysia, Brazil, China, France, India, Pakistan, the UK, South Africa, Spain, Syria, Russia, Mexico, Argentina and Ukraine.