A trial is underway for the Panama Papers, a case that changed the country's financial rules
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
Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21UN chief, Turkish president promise to work for peace in Ukraine
Turkish President Recep Tayyip Erdogan (R) meets with United Nations Secretary-General Antonio Guter2024-05-21China developing two models of reusable rockets
(ECNS) -- China is racing against time to develop 4- and 5-meter- diameter reusable rockets, which a2024-05-21China to relax foreign investment rules amid further opening up
Aerial photo taken on April 19, 2017 shows the pilot free trade zone in Wuhan City, capital of centr2024-05-21Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21German dependency on Russian energy significantly reduced: president
German President Frank-Walter Steinmeyer attends a news conference at Cotroceni Presidential Palace2024-05-21
atest comment