Showing posts with label leak. Show all posts
Showing posts with label leak. Show all posts

5 April 2016

Panama lawyers at center of offshore scandal make odd couple

A marquee of the Arango Orillac Building lists the Mossack Fonseca law firm, in Panama City, Monday, April 4, 2016. Panama's president says his government will cooperate "vigorously" with any judicial investigation arising from the leak of a vast trove of information on the offshore financial dealings of the world's rich and famous. An international coalition of media outlets Sunday published investigations it said stemmed from the leak of 115 million records kept by the Panama-based law firm Mossack Fonseca on behalf of clients.
The lawyers at the center of an uproar over the hidden financial dealings of the world's wealthy are an odd pairing of a German-born immigrant and a prize-winning Panamanian novelist whose books sometimes mirror the seedy world of politics he's come across in his work.

In a nation that for decades has been tainted by allegations of money laundering on behalf of drug traffickers and corrupt oligarchs, the polyglot lawyers who founded the Mossack-Fonseca law firm established themselves as the leaders among a plethora of firms in Panama dedicated to creating shell companies to stash wealth overseas.