The Latest: Co-founder of ‘Panama Papers’ firm quits council

PARIS — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):

12:15 a.m.

The German-born lawyer who co-founded the Panamanian-based Mossack Fonseca law firm at the center of the “Panama Papers” uproar has resigned from a council advising the Central American country’s government on foreign policy.

Panama’s Foreign Ministry said Thursday that lawyer Jurgen Mossack resigned this week from the honorary, unpaid post on the National Council of Foreign Relations, which is an informal advisory board.

Mossack and his partner, Ramon Fonseca, had been political heavyweights in Panama until Sunday’s publication of news stories on the financial affairs of the world’s rich and famous. The stories were based on a trove of 11.5 million documents from the law firm offering details on secretive shell companies.

Fonseca had been a member of Panamanian President Juan Carlos Varela’s

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