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With a bust of Latin America's independence hero Simon Bolivar in the background, Panama's President Juan Carlos Varela gives a televised statement to the nation, in Panama City, Wednesday, April 6, 2016. Varela spoke about the millions of confidential documents that were leaked from a Panama-based law firm, coined the "panama papers," revealing details of how some of the globe's richest people funnel their assets into secretive shell companies set up in Panama and in other lightly regulated jurisdictions. (AP Photo/Arnulfo Franco)