Panama has started the trial of 27 people charged in the worldwide “Panama Papers” money laundering case. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak, and other former employees of the firm.
Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive document leak.The repercussions of the leaks have been far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin , among others.
The often-delayed trial opened Monday, with lawyers Juergen Mossack, Ramón Fonseca and other ex-employees of the firm facing money laundering charges.The case centers on allegations the firm set up shell companies to acquire properties in Panama with money from aBrazil Supreme Court strikes down military intervention thesis in symbolic vote for democracyFonseca has said the firm, which closed in 2018, had no control over how its clients might use offshore vehicles created for them.
U.S. federal prosecutors have alleged that Mossack Fonseca conspired to circumvent American laws to maintain the wealth of its clients and conceal tax dollars owed to the IRS. They alleged the scheme dates to 2000 and involved sham foundations and shell companies in Panama, Hong Kong and the British Virgin Islands.
Iceland Crime General News Latin America I Corporate Crime Ramon Fonseca World News Money Laundering Politics Vladimir Putin
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