Panama papers: Mossack Fonseca headquarters raided
Thu Apr 14, 2016 12:32:pm World
3K By sosa hills
Police officers under the order of Panama's attorney general raided the Panama City headquarters of Mossack Fonseca on Tuesday night to search for evidence of illegal activities.
Prosecutors said the operation had been carried out at the offices of Mossack Fonseca in Panama City "without incident or interference".
The leaked "Panama Papers" have shown how some wealthy people use offshore firms to evade tax and avoid sanctions.
The firm has denied wrongdoing. It says it is the victim of a hack and that the information is being misrepresented.
Panamanian President Juan Carlos Varela has promised to work with other countries to improve transparency in its offshore financial industry.
The Panama's government has promised an investigation soon after news reports emerged more than a week ago based on more than 11 million documents from the firm.
Many other countries are probing possible financial crimes by the rich and powerful in the aftermath of the leak.
However, the President Muhammadu Buhari adminsitration, despite its anti-corruption stance, has surprisingly failed to issue a statement about the Panama Papers even as the offshore companies of the senate president, Bukola Saraki, and his predecessor, David Mark, were among those exposed by the leak.
Prosecutors said the operation had been carried out at the offices of Mossack Fonseca in Panama City "without incident or interference".
The leaked "Panama Papers" have shown how some wealthy people use offshore firms to evade tax and avoid sanctions.
The firm has denied wrongdoing. It says it is the victim of a hack and that the information is being misrepresented.
Panamanian President Juan Carlos Varela has promised to work with other countries to improve transparency in its offshore financial industry.
The Panama's government has promised an investigation soon after news reports emerged more than a week ago based on more than 11 million documents from the firm.
Many other countries are probing possible financial crimes by the rich and powerful in the aftermath of the leak.
However, the President Muhammadu Buhari adminsitration, despite its anti-corruption stance, has surprisingly failed to issue a statement about the Panama Papers even as the offshore companies of the senate president, Bukola Saraki, and his predecessor, David Mark, were among those exposed by the leak.
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