Mossack Fonseca, the Panama law firm at the center of the Panama Papers, is closing it's worldwide doors by month end. It affected political leaders sports and entertainment icons and thousands of businessmen, Mossack Fonseca offered its services in the jurisdictions of the United Kingdom, Malta, Hong Kong, Cyprus, British Virgin Islands, Bahamas, British Anguilla, Seychelles, Samoa, and even in Nevada and Wyoming in the United States. Its founding partners remain under house arrest, and the company is still under investigation for alleged links to the Odebrecht bribery scandal.
The closure announcement was made yesterday on Wednesday, March 14 2018.
TVN News reports that only 36 employees remain, of the 600 employed when the scandal broke. They will be terminated this week and the offices will close by month’s end but will be accessible to investigating authorities.
The firm gained international notoriety in April 2016, when the International Consortium of Investigative Journalists (ICIJ), published the so called “Panama Papers" revealing how the wealthy hid profits and assets offshore to avoid paying tax.
The investigation, which included a leak of millions of Mossack Fonseca confidential documents led to the law firm being the target of investigations by the Public Ministry, in spite of close connections to President Juan Carlos Varela.
It was also implicated in Latin America’s biggest Brazilian corruption plot “Lava Jato.”
The firm founded by Jürgen Mossack and Ramón Fonseca Mora in 1977, specialized in asset management, tax, international structures and commercial law.
The closure announcement was made yesterday on Wednesday, March 14 2018.
TVN News reports that only 36 employees remain, of the 600 employed when the scandal broke. They will be terminated this week and the offices will close by month’s end but will be accessible to investigating authorities.
The firm gained international notoriety in April 2016, when the International Consortium of Investigative Journalists (ICIJ), published the so called “Panama Papers" revealing how the wealthy hid profits and assets offshore to avoid paying tax.
The investigation, which included a leak of millions of Mossack Fonseca confidential documents led to the law firm being the target of investigations by the Public Ministry, in spite of close connections to President Juan Carlos Varela.
It was also implicated in Latin America’s biggest Brazilian corruption plot “Lava Jato.”
The firm founded by Jürgen Mossack and Ramón Fonseca Mora in 1977, specialized in asset management, tax, international structures and commercial law.
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