A trial is underway for the Panama Papers, a case that changed the country's financial rules
Time:2024-04-19 22:07:54 Source:healthViews(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:Bethenny Frankel confesses that she used to 'force' herself to have sex with ex
Next:Giants may consider QB in NFL draft as Daniel Jones recovers from ACL injury
You may also like
- Former Wisconsin Democratic Rep. Peter Barca announces new bid for Congress
- KEIR STARMER: My commitment to the UK's nuclear deterrent is... Unshakeable. Absolute. Total
- Weather: Heavy rain warnings for Westland, Fiordland, Otago headwaters from Tuesday
- Princess Beatrice and Edoardo Mapelli Mozzi are all smiles as they join his mother
- Kentucky guard Reed Sheppard enters NBA draft
- Sophie Wessex and daughter Lady Louise are Queens of the royal hand
- China jails Canadian tycoon Xiao Jianhua for 13 years for finance crimes
- Sensitive, self
- Harbaugh likes Chargers being in the fifth overall position going into the NFL draft