November 2016

By Kenneth Rijock PANAMA CITY, Panama — Javier Caraballo, the lead organised crime prosecutor investigating Panama Papers law firm, Mossack Fonseca, since April 2016, has obtained an extension of time in which to continue his ongoing investigation of alleged criminal conduct at the firm. He has requested judicial assistance from 16 foreign jurisdictions, and sent […]

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ASHGABAT: In a relatively confident tone, Prime Minister Nawaz Sharif on Saturday gave an impression that he would not resign, come what may, as he did not win the election to resign, just because a political party was demanding it. The premier, who is in Turkmenistan on an official visit, said his government never complained […]

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LONDON:  Iceland’s President said that attempts to form a government have collapsed, with the leader of the country’s largest left-of-center party admitting defeat in coalition talks. Left-Green Movement leader Katrin Jakobsdottir has told President Gudni Johannesson that she could not reach agreement with other parties. The biggest party in parliament, the center-right Independence Party, had […]

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The Serious Fraud Office inquiry into Britain’s engineering giant Rolls-Royce was expanded earlier this year over suspicions the company was involved in bribery in Iraq, new documents have revealed. Papers filed at the high court in London show how the four-year SFO investigation into Rolls-Royce took a fresh turn in March when investigators arrested a […]

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New Delhi: The Union government on Thursday told the Supreme Court that it has set-up a Multi-Agency Group (MAG) to investigate people whose names surfaced in Panama Papers leaks as having overseas accounts and was taking the entire matter “very seriously”. Additional Solicitor General Tushar Mehta told the bench of Justice Dipak Misra and Justice […]

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The EU needs a European register of beneficial owners of companies, consistent definition – and handling – of suspicious transactions and enforced transnational cooperation like the US Financial Investigation Unit, experts on anti-money laundering enforcement in Belgium and Germany told Parliament’s Panama Papers Inquiry Committee on Monday. Money laundering is not a fiscal issue, but […]

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SIGN UP FOR OUR NEWSLETTER (AFP) – Iceland’s Left-Green movement said Wednesday it had failed in its bid to form a new coalition government, three weeks after snap elections triggered by the Panama Papers scandal. Allied with the anti-establishment Pirate Party, the Social Democrats and the Bright Future party, the Left-Green had been in talks […]

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Hate-India is in Pakistan’s Blood The fresh escalation on LoC by Pakistan has re-confirmed beyond doubt about the sick mental make-up of Pakistan Army and its political establishment towards India. The killing three Indian soldiers and beheading of one of them further prove Pakistan army character barbarous than a professional force. India retaliated the very […]

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Following the leaking of the so-called “Panama Papers” earlier this year, the then Prime Minister, David Cameron, announced the creation of a “cross-agency taskforce” (the “Taskforce”) to analyse all the information made available. On 8 November 2016, the Chancellor of the Exchequer, Philip Hammond MP, gave an update to the House of Commons by way […]

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The government told the Supreme Court on Thursday that it was “absolutely serious” about conducting investigations into disclosures in the Panama Papers leak. The agency was reacting to a query from the Supreme Court on how it intends to enquire into the Panama papers leak allegedly naming nearly 500 high-profile Indians, who have money reportedly […]

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