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.
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.
Braless Maura Higgins turns up the heat in a daring cleavage
Easter weather: Chilly Good Friday forecast as southerly winds sweep New Zealand
Alec Baldwin again charged with manslaughter in 'Rust' movie
South China Sea News: Naval base expansion 'gives China more power in disputed sea'
US and UK launch fresh strikes on Houthis in Yemen
Seymour promise reveals tension at the heart of government
Coronavirus: China to test 9 million people as cluster detected in city of Qingdao
Chinese city reports coronavirus found on ice cream
250,000 Afghan children need education, food and homes after returning from Pakistan, says NGO
Hong Kong police arrest four over social media posts