Cyprus Mail
World

Panama raids offices of Mossack Fonseca law firm

The car of Panama's attorney general is seen parked outside the Mossack Fonseca law firm office in Panama City

Panama’s attorney general late on Tuesday raided the offices of the Mossack Fonseca law firm to search for any evidence of illegal activities, authorities said in a statement.

The Panama-based law firm is at the centre of the ‘Panama Papers’ leaks scandal that has embarrassed several world leaders and shone a spotlight on the shadowy world of offshore companies.

The national police, in an earlier statement, said they were searching for documentation that “would establish the possible use of the firm for illicit activities.” The firm has been accused of tax evasion and fraud.

Police offers and patrol cars began gathering around the company’s building in the afternoon under the command of prosecutor Javier Caravallo, who specialises in organised crime and money laundering.

Mossack Fonseca, which specialises in setting up offshore companies, did not respond to requests for comment on Tuesday.

Earlier, founding partner Ramon Fonseca said the company had broken no laws, destroyed no documents, and all its operations were legal.

Governments across the world have begun investigating possible financial wrongdoing by the rich and powerful after the leak of more than 11.5 million documents, dubbed the Panama Papers, from the law firm that span four decades.

The papers have revealed financial arrangements of prominent figures, including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain and Pakistan and of China’s President Xi Jinping, and the president of Ukraine.

Related posts

Iran’s Zarif leaves G7 talks, unclear if progress made to ease tensions

Reuters News Service

Three Republicans, 21 Democrats vie for U.S. presidential nominations

Reuters News Service

Beach in Barcelona evacuated after explosive device found in water

Reuters News Service

Trump dangles “very big” trade deal in front of Brexit Britain

Reuters News Service

Trump, Abe at odds on North Korea missile launches

Reuters News Service

Pope calls for global commitment to put out Amazon fires

Reuters News Service