fluid transparency

Truthful information that is provided in a misleading or confusing manner in order to suggest different results or intentions.

Similar to how light refraction causes an object to appear to bend in water.

Examples:
Partial inspections that allow contraband to be relocated between inspections
An incompetent spokesperson that can provide raw data, but is unable to provide context
Graphs set to an awkward scale to imply different or more impressive results

Person 1: Look at our profit growth. It's off the charts!
Person 2: It only looks that way because the chart doesn't start at zero. It's less than 1%.
Person 1: That's rather disappointing.
Person 2: That's how fluid transparency works. It's not untrue, just misleading.