A trial is underway for the Panama Papers, a case that changed the country's financial rules
Release time：2024-05-21 18:25:46 Source：Cultural Caravan news portal
PANAMA CITY (AP) — Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles.
The repercussions of the leaks were far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the then-leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others.
But those on trial now for alleged money laundering are principally the leaders and associates of the now defunct Panamanian boutique law firm that helped set up the shell companies used to obscure those really behind them.
The leaders of that firm, Jürgen Mossack and Ramón Fonseca, are among those on trial.
WHAT IS THE PANAMA PAPERS CASE ABOUT?
Panamanian prosecutors allege that Mossack, Fonseca and their associates created a web of offshore companies that used complex transactions to hide money linked to illicit activities in the “car wash” corruption scandal of Brazilian construction giant Odebrecht.
Related articles
- The Latest
- I live on the Isle of Wight
- Injured Marlins left
- AI data training supported by domestic chips, supercomputers
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- A gunman kills 6 worshippers inside a Shiite mosque in western Afghanistan, the Taliban say
- The Latest
- Mexico is taking Ecuador to the top UN court over the storming of the Mexican Embassy
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- 1 dead, 2 injured in shooting on Navajo Nation in northern Arizona
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- I have 25 tattoos and started regretting every single one of them by the time I was 30
- Williams, Gilgeous
- Chinese scientist who first published COVID sequence stages protest after being locked out of lab
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Nuggets point guard Jamal Murray starts Game 5 against Lakers despite strained left calf
- Ashley Roberts shows off her incredible figure in a stylish Barbie
- AI data training supported by domestic chips, supercomputers
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Mexico is taking Ecuador to the top UN court over the storming of the Mexican Embassy
Random recommendation