Saturday, May 7, 2016

“Panama papers” Mossack Fonseca threat of legal action if the documents are posted – The World

The Panamanian law firm Mossack Fonseca, in the heart of the vast scandal of tax evasion revealed by the “Panama papers”, has threatened legal action if these documents are publicly accessible, as expected, starting Monday.

Monday, May 9, at 20 pm, the International Consortium of investigative journalists (ICIJ) will indeed put on its website some of scandal-related data the “Panama papers.” It is however not the full 11.5 million files from Mossack Fonseca archives specialist domiciliation of offshore companies: ICIJ and its partners do not wish to publish for reasons of respect privacy, because they contain phone numbers, private correspondence, financial transactions and passports.

Will only disclosed the internal record of 214,000 offshore structures administered by Mossack Fonseca between 1977 and 2015 and the metadata associated with each

Read full explanation. the database of “Panama papers” will be published only partially

“Stealing”

in a letter Thursday, May 5 at ICIJ consortium, Mossack Fonseca however asked to “renounce” , noting that s ‘This “information theft and breach of confidentiality treaty between client and lawyer, we need to protect” . He continued:

“We hope the controversy will not lead us to future legal action. “

Since early April, the revelations of the” Panama papers “caused the opening of many investigations in the world and leads the Icelandic Prime Minister and a Spanish minister to resign.

11.5 million documents Mossack Fonseca cabinet, unveiled by a hundred media including Le Monde , revealed the widespread use of offshore companies for placing assets in secrecy jurisdictions and very low taxation

Read also:. the whistleblower of “Panama papers” explains for the first time his approach

After the publication of these documents, France has again placed Panama in the list of tax havens, while the G20 called for addressing the offshore companies.

for the Panamanian firm, media “have fed information stolen our system to broadcast news, out of context, and affect our reputation as a serious business,” .

He told “operate in all jurisdictions in strict compliance with regulations “. The Panamanian authorities raided repeatedly Mossack Fonseca offices to seize documents, but for now none of its officers is prosecuted or detained.



The “Panama papers’ three-point

  • Le Monde and 108 other newsrooms in 76 countries, coordinated by the International Consortium of investigative journalists (ICIJ), have had access to a wealth of new information that cast a harsh light on the opaque world of offshore finance and tax havens.
  • 11.5 million files from the archives of the Panamanian firm Mossack Fonseca, specialist domiciliation of offshore companies between 1977 and 2015. It’s the biggest leak of information never exploited by the media.
  • “Panama papers” reveal that in addition to thousands anonymous numerous heads of state, billionaires, big names in sports, celebrities or personalities within the scope of international sanctions have used offshore arrangements to conceal their assets.

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