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Panama Raids Mossack Fonseca Law Firm

On Friday, the Panamanian investigators had raided a property that is used by Mossack Fonseca, which is a law firm situated at the centre of a huge leak of offshore financial data, said an official from local prosecutor’s office.

Speaking on the condition of anonymity the official said that a statement with additional details would be sent in due course.

The Leaks from Panama-based law firm, had dubbed the “Panama Papers,” embarrassed numerous world leaders & shone a spotlight on shadowy world of the offshore companies.

The Panamanian media had reported that the investigators had left a Mossack Fonseca storehouse with the bags full of the shredded papers.

Mossack Fonseca that specializes in the setting up of offshore companies, said that it had broken no laws. It also said that they had destroyed no documents, and all of  their operations were legal.

The Govts. across the globe have begun investigating the possible financial wrongdoing by rich & powerful after leak of over 11.5 million documents from firm.

The papers have exposed the financial arrangements of the prominent figures, including relatives of the PMs of Britain & Pakistan, the friends of Russian President, Vladimir Putin, and of China’s President Xi Jinping, including the president of Ukraine.