Multiple top businessmen were arrested in Colombia Wednesday for alleged crimes of fraud and money laundering that came to light through investigations related to the “Panama Papers” scandal.
Six business managers were arrested and another nine were charged for financial crimes committed through boutique Panamanian law firm Mossack Fonseca.
At least fourteen major businesses, including money-transfer company Efecty, distributor Servientrega, and national newspaper El Heraldo, all have top managers implicated in the investigation by Colombia’s financial crimes prosecutor.
On Wednesday, the prosecutor’s office arrested the president of wire Efecty and Servientrega, Luz Guerrero, as well as members of her financial and legal staff, together accused of hiding $1.5 million from Colombia’s national tax agency.
Bringing back the ‘Panama Papers’
In 2015, over 11 million files from Mossack Fonseca were leaked in a scandal known as the “Panama Papers.”
Support Colombia Reports with a voluntary $5/month subscription