A trial is underway for the Panama Papers, a case that changed the country's financial rules
Time:2024-05-21 06:39:20 Source:politicsViews(143)
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.
Previous:College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
Next:'The Apprentice,' about a young Donald Trump, premieres in Cannes
You may also like
- Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
- Jessica Boyce: Police offer $100k reward in Blenheim cold case
- Weather expected to worsen in NSW, Queensland
- Former Governor
- Ship that caused Baltimore bridge collapse has been refloated
- Major geomagnetic storm lights up parts of New Zealand
- Hong Kong: Trump says USA to revoke special status over China treaty 'violation'
- NZDF mission in Red Sea has 'shades of Iraq'
- Analysis: Larson enters conversation with Verstappen as best drivers in the world