Panama Papers fallout: Mossack Fonseca law firm shuts dozens of …

Mossack Fonseca, the law firm linked to the Panama Papers scandal, has had to close most of its international offices due to a slump in business, company officials said.

“We had about 45 offices abroad. Now there are about six left,” Jürgen Mossack, one of its founders told a briefing while insisting the Panama headquarters was not expecting to close.

A trove of 11.5 million digital records from the Panamanian law firm revealed how many of the world’s wealthy used offshore companies to stash assets.

Perpetrators ranged from simple businessmen to head of states and sports stars.

The data were leaked to a German newspaper, Sueddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ), and reports appeared in major media from April 3, 2016.

Among those cited are former British Prime Minister David Cameron, Argentina’s football

... read more at: http://www.scmp.com/news/world/article/2105236/panama-papers-fallout-mossack-fonseca-law-firm-shuts-dozens-offices-after

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