Panama Papers: Police raid HQ of law firm Mossack Fonseca
Euronews

Police have raided the offices of Mossack Fonseca – the law firm at the centre of the ‘Panama Papers’ leaks scandal – to search for any evidence of illegal activities.

Police offers and patrol cars began gathering around the company’s building on Tuesday afternoon under the command of prosecutor Javier Caravallo, who specialises in organised crime and money laundering.

The law firm, based in Panama City, specialises in setting up offshore companies. It denies any wrongdoing.

But after last week’s revelations, France put Panama back on its blacklist of uncooperative tax havens.

The Central American country’s President, Juan Carlos Varela, is not happy and is threatening retaliation.

“If the French government does not reconsider its decision, the Panamanian government will have to take diplomatic measures in response,” he warned.

More than 11 million leaked documents from Mossack Fonseca, spanning four decades, reveal how some of the world’s rich and powerful hide their wealth.

The scandal has embarrassed several world leaders and shone a spotlight on the shadowy world of offshore companies.

-- (c) Copyright Euronews 2016-04-13

A little late in raiding law offices. Sensitive data erased long time ago.

Where is full list of names in Panama papers?

What about prosecution of offenders?

Return of illegal money.

Taxes and fines levied.

Most of time, if politicians have gotten money illegally, always put in family member name.

The world doesn't say a peep or do anything, and offenders laughing all the way to the bank.

Offshore bank accounts are not illegal. Somebody somewhere is trying to stir up shit for some reason.

Offshore bank accounts are not illegal. Somebody somewhere is trying to stir up shit for some reason.

The accounts may be legitimate but the source of the money may not be.