A year since the leak of some 11 million documents from Mossack Fonseca, the owners of the vast wealth hidden away by the Panamanian law firm appear safe from everything but embarrassment. The founders of the law firm were less fortunate.
Juergen Mossack and his colleague Ramon Fonseca, were arrested in Panama City in February in connection with Brazil’s sprawling car wash corruption scandal. The investigation is understood to be seeking possible links to the Brazilian engineering company Odebrecht. Britain’s Guardian reports that Fonseca denies his firm had a connection to Odebrecht, which has admitted to bribing officials in Panama and other countries to obtain government contracts in the region between 2010 and 2014.
The so-called Panama Papers leak exposed corrupt officials and regimes, money laundering, tax evasion on a massive scale and sanctions busting, but the naming and shaming was short-lived. The anniversary promises to bring the names back into