Panama papers firm shrinks internationally

panama papers firm

PANAMA CITY: 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 on Wednesday.

“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.

Source: Express Tribune

Recommended For You

Leave a Comment