Netflix is all set to make a Hollywood movie on the Panama Papers scam, in which around 12 heads of the states were found guilty of tax avoidance.

The streaming ace announced on Tuesday that it has already applied and acquired the rights to the book “The Panama Papers: Breaking the Story of How the World’s Rich and Powerful Hide Their Money,” authored by the two German investigative journalists Frederik Obermaier and Bastian Obermayer. It also declared that the book will soon turn into a movie with John Wells as its producer.

This is the second time that a movie has been proposed to be made on the scam following the revelation of hundreds of thousands of tax affairs of clients. It was law firm Mossack Fonseca, based in Panama, that provided details about of scandal in April.

Another movie has been proposed in July, which is to be inspired by US reporter Jake Bernstein’s upcoming book “The Secrecy World.” The movie will be produced, as reported, by Lawrence Grey’s Gray Matter Productions, Steven Soderbergh and Anonymous Content.

The authors of the book upon which the flick will be based work for German newspaper Suddeutsche Zeitung. They gathered facts from an anonymous whistleblower and became the first to report the scam. Around 11.5 million documents were recovered from the Panama firm. The documents contained details about the wealth of people, including leaders, and how they implemented tax avoidance policies with the help of Mossack Fonseca.

Netflix’s Chief Content Officer Ted Sarandos released a statement in which he said that he was confident that the movie will be a huge success and will be delivering “a gripping tale.” The International Consortium of Journalists’ members will also be assisting on the movie with their working experience on the Panama Papers issue.

“It all started with a ‘ping’ when John Doe contacted us,” Obermaier and Obermayer said as quoted by Variety. “That relationship and the work that came out of it grew to become the biggest data leak in history, and by far the biggest collaboration of journalists the world has ever seen, with over 400 journalists ultimately participating in this investigation.”

“We are proud that our newspaper was the starting point for this story which grew to be something monumental.”