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International Consortium of Investigative Journalists

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Namestring
International Consortium of Investigative Journalists
Legal namestring
International Consortium of Investigative Journalists
Websiteurl
icij.org
Company typeenum
Private
Founded yearint
1997
Descriptiontext

The International Consortium of Investigative Journalists (ICIJ) is a nonprofit, global collaborative investigative journalism network founded in 1997 and headquartered in Washington, D.C. ICIJ coordinates cross-border investigations among a network that has scaled to 370+ journalists from 109 media organizations across 80 countries (as demonstrated by the 2016 Panama Papers), and currently maintains 51-100 employees supplemented by a European affiliate (ICIJ Europe, established 2022). The organization receives leaked documents and information from whistleblowers through secure channels (PGP, Signal, WhatsApp, Wire, Telegram, Keybase) and coordinates multi-year investigative projects published simultaneously through dozens of media partners worldwide.

ICIJ's core technology stack includes the collaborative journalism platform, secure data sharing infrastructure, blockchain analysis tools for cryptocurrency investigations, and three public databases — Offshore Leaks, Medical Devices, and Datashare. Major investigations have included the Panama Papers (11.5M documents), Paradise Papers (13.4M documents), Pandora Papers (11.9M documents), Implant Files, Bribery Division, Deforestation Inc., Coin Laundry, China Targets, Damascus Dossier, and Cancer Calculus. Documented impact includes over $1.5 billion in recoveries by Chilean authorities, Rs 13,800 crore in Indian tax recoveries from Panama Papers-linked cases, and government ousters in Iceland and Pakistan.

ICIJ's revenue model is donation- and grant-based rather than commercial: it accepts individual donations (including $25/month recurring campaigns), receives foundation grants (explicitly Arnold Ventures; historically Omidyar Network at $4.5M in 2017 and Hollywood Foreign Press Association in 2022), and secures institutional co-funding (EU Creative Europe for the CJEGC program). ICIJ also generates mission-related revenue through training and capacity-building services for European journalists via ICIJ Europe's Helpdesk. All investigations and databases are provided to the public at no cost.

Short descriptiontext

ICIJ is a Washington, D.C.-based nonprofit that coordinates cross-border investigative journalism across 370+ journalists in 80 countries, publishing landmark investigations (Panama Papers, Pandora Papers) and operating public databases including Offshore Leaks and Medical Devices.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersWashington, United States
HQ citystring
Washington
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
investigative journalism network, cross-border investigations, offshore leaks database, data journalism platform, whistleblower document handling
Industry4 codes
1Local & Regional Newspapers (Print & Digital)
CodeMPAJADABPrimaryYes
2Data Journalism & News Intelligence Publishers (Indexes, Election/Market Data)
CodeMPAJADAKPrimaryNo
3News Agencies & Wire Services (General & Specialized)
CodeMPAJADAEPrimaryNo
4Government & Public Policy Publishing (Regulations, Gazettes, Legislative Tracking)
CodeMPAJACAIPrimaryNo
NAICS code2 codes
  • Newspaper Publishers51311
  • Other Publishers51319
SIC code1 code
  • Newspapers: Publishing Or Publishing & Printing2711
Product category
Investigative Journalism
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1Donations and Membership
TypeOthers
Description

ICIJ accepts donations from individuals and organizations, with membership options available. The organization encourages monthly donations (referencing $25/month campaigns).

icij.org
2Foundation Grants
TypeOthers
Description

ICIJ receives funding from foundations including Arnold Ventures (explicitly mentioned as a funder) and operates grant-funded programs such as the EU co-funded Collaborative Journalism Europe in a Global Context (CJEGC) project.

icij.org
3Training and Capacity Building
TypeProfessional Services
Description

ICIJ Europe provides training and capacity building services for European journalists, with a Helpdesk supporting journalists on investigative techniques, cross-border collaboration, and digital security.

icij.org
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2C
B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

ICIJ coordinates cross-border investigative journalism projects involving hundreds of journalists and media partners worldwide. It maintains public searchable databases (Offshore Leaks, Medical Devices, Datashare) that enable researchers and journalists to trace offshore financial dealings and analyze industry data, and provides secure submission infrastructure for whistleblower document leaks.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • Over $1.5 billion recovered by Chilean authorities after ICIJ investigations
+4 more records
Product overview1 text field

ICIJ is a global network of investigative journalists that conducts collaborative cross-border investigations and maintains public databases. The organization operates as a platform offering investigation projects (including Cancer Calculus, The Coin Laundry, China Targets, Damascus Dossier, Panama Papers, Pandora Papers, Paradise Papers, Cyprus Confidential, Implant Files, Bribery Division, and Deforestation Inc.) alongside public-facing databases (Offshore Leaks Database, Medical Devices Database) and a data journalism platform (Datashare). These products work together to enable collaborative investigative journalism, data analysis, and public transparency on systemic corruption and financial crimes.

Product and service3 records
1Offshore Leaks Database
CategoryPublic Database
Description

A free, publicly searchable database containing leaked records from offshore company registries exposing shell companies and hidden offshore financial assets, accessible to journalists, researchers, and the general public.

2Medical Devices Database
CategoryPublic Database
Description

A public database tracking medical device safety information and industry data, developed as part of ICIJ's Implant Files investigation to expose regulatory and safety issues in the medical device industry.

3Datashare
CategoryData Journalism Platform
Description

A collaborative data journalism platform that enables journalists to securely share and analyze large datasets across borders for investigative reporting projects.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

CJEGC partner - Context Romania is an independent media start-up cultivating Romania's community of investigative journalists with a focus on exposing corruption, fraud, and organized crime.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

CJEGC partner - MANS is one of the strongest investigative journalism organizations in Montenegro and the Balkans, with multiple awards for investigative work including the EU Investigative Journalism Award.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

CJEGC partner - Siena is the only Lithuanian media organization devoted exclusively to investigative journalism, contributing to exposing crime, corruption, and sanction evasion in EU's Eastern member states.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

CJEGC partner - Direkt36 is a multi-award-winning independent newsroom in Hungary, one of the few remaining free from government and political influence, with experience navigating Central Europe's difficult political dynamics.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

ICIJ coordinates with 47+ media partners globally for investigations like Cancer Calculus, and hundreds of partners for major investigations like Panama Papers (100+ outlets). These partners contribute reporting, local expertise, and distribution for cross-border investigations.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers8 records
TypeDirect peer
Description

OCCRP is the closest direct peer to ICIJ: a global nonprofit investigative journalism network coordinating cross-border reporting on corruption and financial crime with similar collaborative-network operating model and donor-funded structure.

TypeDirect peer
Description

Bellingcat is a direct peer in cross-border investigative journalism using open-source intelligence and leaked data to expose wrongdoing, with overlapping subject matter (Russia, sanctions evasion, transnational repression) and similar global impact profile.

TypeDirect peer
Description

ProPublica is a US-based nonprofit investigative newsroom funded by donations and foundations, comparable to ICIJ in revenue model and impact-driven investigative mandate, though focused domestically rather than cross-border.

TypeDirect peer
Description

TBIJ is a UK-based nonprofit investigative newsroom producing public-interest investigations on similar themes (offshore finance, corporate accountability) with comparable donor-funded operating model.

TypeDirect peer
Description

Center for Public Integrity is a US nonprofit investigative outlet focused on systemic corruption and accountability, with similar foundation funding model and overlapping subject coverage on money, politics, and public policy.

TypeDirect peer
Description

Pulitzer Center funds and syndicates cross-border investigative reporting globally, comparable to ICIJ in mission and grant-funded model, though its primary role is as a funder/distributor rather than coordinating editor.

TypeDirect peer
Description

GIJN is the global membership association for investigative journalists worldwide, directly comparable to ICIJ in mission to support cross-border investigative journalism, with overlapping training and capacity-building programs.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers15 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles12 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

International Consortium of Investigative Journalists

Investigative Journalismicij.org

ICIJ is a Washington, D.C.-based nonprofit that coordinates cross-border investigative journalism across 370+ journalists in 80 countries, publishing landmark investigations (Panama Papers, Pandora Papers) and operating public databases including Offshore Leaks and Medical Devices.

What International Consortium of Investigative Journalists does

The International Consortium of Investigative Journalists (ICIJ) is a nonprofit, global collaborative investigative journalism network founded in 1997 and headquartered in Washington, D.C. ICIJ coordinates cross-border investigations among a network that has scaled to 370+ journalists from 109 media organizations across 80 countries (as demonstrated by the 2016 Panama Papers), and currently maintains 51-100 employees supplemented by a European affiliate (ICIJ Europe, established 2022). The organization receives leaked documents and information from whistleblowers through secure channels (PGP, Signal, WhatsApp, Wire, Telegram, Keybase) and coordinates multi-year investigative projects published simultaneously through dozens of media partners worldwide.

ICIJ's core technology stack includes the collaborative journalism platform, secure data sharing infrastructure, blockchain analysis tools for cryptocurrency investigations, and three public databases — Offshore Leaks, Medical Devices, and Datashare. Major investigations have included the Panama Papers (11.5M documents), Paradise Papers (13.4M documents), Pandora Papers (11.9M documents), Implant Files, Bribery Division, Deforestation Inc., Coin Laundry, China Targets, Damascus Dossier, and Cancer Calculus. Documented impact includes over $1.5 billion in recoveries by Chilean authorities, Rs 13,800 crore in Indian tax recoveries from Panama Papers-linked cases, and government ousters in Iceland and Pakistan.

ICIJ's revenue model is donation- and grant-based rather than commercial: it accepts individual donations (including $25/month recurring campaigns), receives foundation grants (explicitly Arnold Ventures; historically Omidyar Network at $4.5M in 2017 and Hollywood Foreign Press Association in 2022), and secures institutional co-funding (EU Creative Europe for the CJEGC program). ICIJ also generates mission-related revenue through training and capacity-building services for European journalists via ICIJ Europe's Helpdesk. All investigations and databases are provided to the public at no cost.

International Consortium of Investigative Journalists firmographics

Firmographics
Name
International Consortium of Investigative Journalists
Legal name
International Consortium of Investigative Journalists
Website
https://icij.org
Company type
Private
Founded year
1997
Operating status
Operating
Headcount range
11–50 employees
Short description
ICIJ is a Washington, D.C.-based nonprofit that coordinates cross-border investigative journalism across 370+ journalists in 80 countries, publishing landmark investigations (Panama Papers, Pandora Papers) and operating public databases including Offshore Leaks and Medical Devices.
Ownership category
akta.pro rank

International Consortium of Investigative Journalists industry classification

Industry
Product category
Investigative Journalism
NAICS
Newspaper Publishers (51311), Other Publishers (51319)
SIC
Newspapers: Publishing Or Publishing & Printing (2711)
akta.pro primary industry
Local & Regional Newspapers (Print & Digital) (MPAJADAB)
akta.pro secondary industries
Data Journalism & News Intelligence Publishers (Indexes, Election/Market Data) (MPAJADAK), News Agencies & Wire Services (General & Specialized) (MPAJADAE), Government & Public Policy Publishing (Regulations, Gazettes, Legislative Tracking) (MPAJACAI)

Keywords

  • Investigative journalism network
  • Cross-border investigations
  • Offshore leaks database
  • Data journalism platform
  • Whistleblower document handling

Where International Consortium of Investigative Journalists is headquartered

Location

Headquarters

HQ city
Washington
HQ country
United States
HQ region
North America

Offices2 records

Markets served

International Consortium of Investigative Journalists business model

Business model
GTM type
B2C
Offering type
Digital Commerce or Content
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Donations and Membership: ICIJ accepts donations from individuals and organizations, with membership options available. The organization encourages monthly donations (referencing $25/month campaigns).
  2. Foundation Grants: ICIJ receives funding from foundations including Arnold Ventures (explicitly mentioned as a funder) and operates grant-funded programs such as the EU co-funded Collaborative Journalism Europe in a Global Context (CJEGC) project.
  3. Training and Capacity Building: ICIJ Europe provides training and capacity building services for European journalists, with a Helpdesk supporting journalists on investigative techniques, cross-border collaboration, and digital security.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

International Consortium of Investigative Journalists product offering

Product offering

Core offering

ICIJ coordinates cross-border investigative journalism projects involving hundreds of journalists and media partners worldwide. It maintains public searchable databases (Offshore Leaks, Medical Devices, Datashare) that enable researchers and journalists to trace offshore financial dealings and analyze industry data, and provides secure submission infrastructure for whistleblower document leaks.

Product overview

ICIJ is a global network of investigative journalists that conducts collaborative cross-border investigations and maintains public databases. The organization operates as a platform offering investigation projects (including Cancer Calculus, The Coin Laundry, China Targets, Damascus Dossier, Panama Papers, Pandora Papers, Paradise Papers, Cyprus Confidential, Implant Files, Bribery Division, and Deforestation Inc.) alongside public-facing databases (Offshore Leaks Database, Medical Devices Database) and a data journalism platform (Datashare). These products work together to enable collaborative investigative journalism, data analysis, and public transparency on systemic corruption and financial crimes.

Differentiator

Problem solved

Functional benefit

Products and services

  • Offshore Leaks Database A free, publicly searchable database containing leaked records from offshore company registries exposing shell companies and hidden offshore financial assets, accessible to journalists, researchers, and the general public.
  • Medical Devices Database A public database tracking medical device safety information and industry data, developed as part of ICIJ's Implant Files investigation to expose regulatory and safety issues in the medical device industry.
  • Datashare A collaborative data journalism platform that enables journalists to securely share and analyze large datasets across borders for investigative reporting projects.

Quantifiable outcome

  • Over $1.5 billion recovered by Chilean authorities after ICIJ investigations
  • +4 more outcomes

Companies that use International Consortium of Investigative Journalists

Customer profile

Named customers15 records

Segments4 records

Ideal customer profiles3 records

International Consortium of Investigative Journalists technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

International Consortium of Investigative Journalists partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core.

  • Context (Romania)coreStrategic or Co-development PartnerCJEGC partner - Context Romania is an independent media start-up cultivating Romania's community of investigative journalists with a focus on exposing corruption, fraud, and organized crime.
  • MANS (Montenegro)coreStrategic or Co-development PartnerCJEGC partner - MANS is one of the strongest investigative journalism organizations in Montenegro and the Balkans, with multiple awards for investigative work including the EU Investigative Journalism Award.
  • Siena (Lithuania)coreStrategic or Co-development PartnerCJEGC partner - Siena is the only Lithuanian media organization devoted exclusively to investigative journalism, contributing to exposing crime, corruption, and sanction evasion in EU's Eastern member states.
  • Direkt36 (Hungary)coreStrategic or Co-development PartnerCJEGC partner - Direkt36 is a multi-award-winning independent newsroom in Hungary, one of the few remaining free from government and political influence, with experience navigating Central Europe's difficult political dynamics.
  • 47+ Media Partners WorldwidecoreStrategic or Co-development PartnerICIJ coordinates with 47+ media partners globally for investigations like Cancer Calculus, and hundreds of partners for major investigations like Panama Papers (100+ outlets). These partners contribute reporting, local expertise, and distribution for cross-border investigations.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

International Consortium of Investigative Journalists competitors and assessment

Company assessment

Peers

Direct peers

  • Organized Crime and Corruption Reporting Project (OCCRP): OCCRP is the closest direct peer to ICIJ: a global nonprofit investigative journalism network coordinating cross-border reporting on corruption and financial crime with similar collaborative-network operating model and donor-funded structure.
  • Bellingcat: Bellingcat is a direct peer in cross-border investigative journalism using open-source intelligence and leaked data to expose wrongdoing, with overlapping subject matter (Russia, sanctions evasion, transnational repression) and similar global impact profile.
  • ProPublica: ProPublica is a US-based nonprofit investigative newsroom funded by donations and foundations, comparable to ICIJ in revenue model and impact-driven investigative mandate, though focused domestically rather than cross-border.
  • The Bureau of Investigative Journalism: TBIJ is a UK-based nonprofit investigative newsroom producing public-interest investigations on similar themes (offshore finance, corporate accountability) with comparable donor-funded operating model.
  • Center for Public Integrity: Center for Public Integrity is a US nonprofit investigative outlet focused on systemic corruption and accountability, with similar foundation funding model and overlapping subject coverage on money, politics, and public policy.
  • Pulitzer Center on Crisis Reporting: Pulitzer Center funds and syndicates cross-border investigative reporting globally, comparable to ICIJ in mission and grant-funded model, though its primary role is as a funder/distributor rather than coordinating editor.
  • Global Investigative Journalism Network (GIJN): GIJN is the global membership association for investigative journalists worldwide, directly comparable to ICIJ in mission to support cross-border investigative journalism, with overlapping training and capacity-building programs.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

International Consortium of Investigative Journalists social profiles

Digital presence

International Consortium of Investigative Journalists financial estimates

Financial estimate

Revenue estimate

Valuation estimate

International Consortium of Investigative Journalists leadership team

Management profile

Number of profiles

Profiles12 records

International Consortium of Investigative Journalists subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

International Consortium of Investigative Journalists funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

International Consortium of Investigative Journalists M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about International Consortium of Investigative Journalists

What does International Consortium of Investigative Journalists do?

ICIJ coordinates cross-border investigative journalism projects involving hundreds of journalists and media partners worldwide. It maintains public searchable databases (Offshore Leaks, Medical Devices, Datashare) that enable researchers and journalists to trace offshore financial dealings and analyze industry data, and provides secure submission infrastructure for whistleblower document leaks.

Is International Consortium of Investigative Journalists a public or private company?

International Consortium of Investigative Journalists is a private company. It is classified as nonprofit foundation owned and is currently operating.

When was International Consortium of Investigative Journalists founded?

International Consortium of Investigative Journalists was founded in 1997. It employs 11 to 50 people.

Where is International Consortium of Investigative Journalists based?

International Consortium of Investigative Journalists is headquartered in Washington, United States, in the North America region.

How does International Consortium of Investigative Journalists make money?

Three revenue lines are on record. Donations and Membership is the primary driver. The others are foundation Grants and training and Capacity Building.

Who are International Consortium of Investigative Journalists's main competitors?

The Markup is listed as a peer. Direct peers are Organized Crime and Corruption Reporting Project (OCCRP), Bellingcat, ProPublica, The Bureau of Investigative Journalism, Center for Public Integrity, Pulitzer Center on Crisis Reporting and Global Investigative Journalism Network (GIJN).

Does International Consortium of Investigative Journalists have an API?

No public API is recorded for International Consortium of Investigative Journalists.

What industry is International Consortium of Investigative Journalists in?

International Consortium of Investigative Journalists's product category is Investigative Journalism. Its primary akta.pro industry code is MPAJADAB, Local & Regional Newspapers (Print & Digital), with a secondary code of MPAJADAK, Data Journalism & News Intelligence Publishers (Indexes, Election/Market Data). Its NAICS code is 51311 and its SIC code is 2711.

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Live signals
OCCRPDisappearance of 2 Journalists in Djibouti Raises Concerns for Their SafetyThe International Consortium of Investigative Journalists said Sunday that South African journalist Micah Reddy and local fixer Kooki Mahmoud have gone missing in Djibouti, with contact lost Saturday. The ICIJ urged Djibouti authorities to clarify their whereabouts and ensure their safety, noting no response to its requests.ICIJWATCH: Inside the Cancer Calculus investigation — a live Q&AThe International Consortium of Investigative Journalists (ICIJ) hosted a live virtual Q&A discussing findings from its Cancer Calculus investigation, which examined how pharmaceutical industry patent, pricing, and billing practices can drive up costs and limit access to cancer treatment. The investigation involved 47 media partners worldwide and found more than 1,200 Keytruda-related patent applications across 53 countries filed by Merck and other cancer research businesses. The event featured ICIJ chief reporter Sydney P. Freedberg, Serif Health health economist Bill Pajerowski, and ICIJ digital producer Carmen Molina Acosta.BusinessLineMedical supply chain leaks: Where does the buck stop?The International Consortium of Investigative Journalists, along with 47 media partners, alleged that Merck's cancer drug Keytruda was being diverted and repackaged with ineffective substances in India's medical supply chain, raising concerns about patient safety and supply chain integrity. The article highlights that cancer medicines costing approximately ₹1.8 lakh per 4ml vial create opportunities for rogue elements to exploit desperate patients through diversion and repackaging malpractices. MSD (Merck & Co Inc), the manufacturer of Keytruda, was contacted for comment on the alleged misuse, with a response awaited.Business StandardWhat is Keytruda? How the cancer drug works and why it's in focusA global investigation led by the International Consortium of Investigative Journalists spanning 37 countries examined how Merck & Co. used patent extensions and regulatory strategies to prolong exclusivity on Keytruda, thereby delaying cheaper alternatives to the cancer immunotherapy drug. The investigation highlighted how expanding approvals across multiple cancer types significantly widened the drug's market, with a single infusion in India costing between ₹2 lakh and ₹4 lakh, creating affordability challenges for patients. Oncologists emphasize that while Keytruda offers potential for durable responses, its benefits depend on careful patient selection based on scientific evidence including biomarker testing.The Indian ExpressSearch for cancer cure must not be hostage to Big PharmaAn investigation by The Indian Express and the International Consortium of Investigative Journalists revealed that Merck & Co's cancer drug Keytruda is priced at Rs 1.5 lakh per 100mg vial, spawning a shadow economy of diverted and refilled vials and exposing gaps in hospital waste disposal, tracking systems, and drug supply chain accountability in India. The investigation further exposed how large pharmaceutical firms use patent thickets to delay cheaper alternatives, while Indian firms are developing biosimilars that could reduce costs by up to 70 percent. The article argues India must strengthen regulatory oversight, fast-track biosimilars, and transition from being a manufacturer of affordable medicines to an innovation center to address its third-largest cancer burden.The Indian ExpressThe Coin Laundry | Hall of shame: Haldwani man in US net, Haryana businessman who stole $37 mnAn investigation by The Indian Express and the International Consortium of Investigative Journalists details multiple large-scale cryptocurrency scams involving Indian operators, including cases handled by US agencies like the DEA and SEC. These reports highlight significant seizures of illicit crypto assets and criminal convictions in both India and the United States for fraud, money laundering, and drug-related financial crimes. The articles outline how various individuals and firms utilized digital currencies to launder billions of rupees or dollars, leading to extensive legal proceedings and asset attachments.The Indian ExpressThe Coin Laundry | After tax havens, dirty money finds a new home: CryptocurrencyAn investigation by The Indian Express and the International Consortium of Investigative Journalists reveals that cryptocurrency exchanges have become major hubs for laundering illicit funds, with at least $5.8 billion in fines imposed globally over nine years. In India, the Home Ministry’s Indian Cyber Crime Coordination Centre flagged 27 crypto exchanges between January 2024 and September 2025 for allegedly facilitating money laundering involving Rs 623.63 crore from nearly 3,000 victims.The Indian ExpressDaily Briefing: Investigating crypto; the cost of pollution; and moreThe Indian Express, in collaboration with the International Consortium of Investigative Journalists, launched an investigation titled 'The Coin Laundry' examining how cryptocurrency exchanges facilitate illicit money transfers. The inquiry highlights findings from 113 reporters across 38 newsrooms who traced cybercrime proceeds through crypto networks and identified regulatory gaps hindering enforcement agencies.ICIJUncovering a Kazakh oligarch’s Spanish idyllAn ICIJ investigation reveals that Kazakh billionaire Timur Kulibayev owns a portfolio of luxury properties in Spain, including the Can Juncadella estate in Lloret de Mar and residences in Barcelona. The report highlights legal disputes regarding public access to the Lloret de Mar property and details Kulibayev's broader wealth accumulation through stakes in former state-owned Kazakh enterprises.The Indian ExpressIn GMR’s global web, how Cyprus thread connected offshore entitiesDocuments obtained by the International Consortium of Investigative Journalists show that GMR Enterprise, the promoter of GMR Group's airports in Delhi, Hyderabad and Goa, used a Cyprus subsidiary, Crossridge Investments, to raise funds between 2010 and 2020. Crossridge borrowed $180 million from Eurobank Cyprus Ltd in 2013 and lent it to Interzone Capital, a British Virgin Islands company.