NEW YORK – Columbia University has selected the Panama Papers investigation, which was conducted by the International Consortium of Investigative Journalists (ICIJ), for the Pulitzer Prize for Explanatory Reporting.

The Pulitzer Prize Board appreciated the year-long investigation for “using a collaboration of more than 300 reporters on six continents to reveal the hidden infrastructure and global scale of offshore tax havens.”

The honour is the latest in a series of awards for the globe-spanning reporting effort by the International Consortium of Investigative Journalists, McClatchy, the Miami Herald, Süddeutsche Zeitung and other media partners.

ICIJ Director Gerard Ryle said, “This honor is a testament to the enterprise and teamwork of our staff and our partners here in the United States and around the world.”

“We’re honored that the Pulitzer Board recognized the groundbreaking revelations and worldwide impact that the Panama Papers collaboration produced.”

Iceland former prime minister Sigmundur David Gunnlaugsson was the first political casualty after the Panama Papers tax scandal revelations.

Pakistan Prime Minister Nawaz Sharif and his family is also in hot waters after the Panama Papers’ unveiling, as their case is in Supreme Court and verdict is reserved.