The Panama Papers reveal some interesting stuff about the Iran-Contra deal.

Farhad Azima was a big donor to Bill Clinton’s campaign, and supported Hillary’s Senate run. Now, the Panama papers suggest he had some connections to Reagan’s Iran-contra deals.

In the mid-1980s, senior Reagan administration officials secretly arranged to sell weapons to Iran to help free seven American hostages then use the sale proceeds to fund right-wing Nicaraguan rebels known as the Contras. On a mission to Tehran in 1985, one of Azima’s Boeing 707 cargo planes delivered 23 tons of military equipment, the New York Times reported. Azima has always claimed to know nothing about the flight or even if it happened.

“I’ve had nothing to do with Iran-Contra,” Azima told ICIJ. “I was investigated by every known agency in the U.S. and they decided there was absolutely nothing there,” said Azima. “It was a wild goose chase. The law enforcement and regulators fell for it.”

Now, records obtained by the International Consortium of Investigative Journalists, the German newspaper Süddeutsche Zeitung and other media partners reveal new details about one of America’s most colorful political donors. The records also disclose offshore deals made by another Iran-Contra figure, the Saudi billionaire Adnan Khashoggi.

panamapapers.icij.org