Panama papers: Court clears all 28 standing money laundering trial

A Panamanian court has acquitted all 28 people standing trial for money laundering as a result of the Panama Papers scandal.

Prosecutors in the case argued that the Mossack Fonseca law firm and their associates created a web of offshore companies to hide money linked to illegal activities in the ‘car wash’ corruption scandal.‘Operation Car Wash’ was a money-laundering investigation into Petrobras, Brazil’s state-run oil company.Prosecutors had been seeking maximum prison sentences for the duo before Fonseca died in May.

The Panama Papers, considered the biggest data leak in history, were the product of a year-long investigation by the, German newspaper Süddeutsche Zeitung, and over 100 news organisations. The Panama Papers scandal also exposed a network of offshore companies linked to people like Xi Jinping, the Chinese leader; Lionel Messi, a soccer star; James Ibori, former governor of Delta; and the son of the late Kofi Annan, former United Nations secretary-general, to name a few.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Panamanian Court Acquits 28 Defendants In ‘Panama Papers’ TrialThe scandal led to the closure of Mossack Fonseca and shaped the international image of Panama as an offshore tax haven.
Source: channelstv - 🏆 7. / 63 Read more »

Panamanian court acquits 28 defendants in ‘Panama Papers’ trialA Panamanian court on Friday acquitted 28 people charged with money laundering in connection with the now-defunct law firm Mossack Fonseca, the epicenter of the 'Panama Papers' international tax evasion scandal.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Falana: Court order on Kano emirship tussle confusing — judge ignored s'court rulingsFemi Falana, a human rights lawyer, says the judgment of the federal high court over the tussle on the position of Emir of Kano is a bit “confusing”.
Source: thecableng - 🏆 2. / 80 Read more »

Appeal Court affirms Adediwura as Obalufe, overturns lower court’s verdictThe Ooni, Oba Adeyeye Ogunwusi, had made several efforts to settle the matter between the two parties without any result.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

ANALYSIS: Rivers Crisis: Appeal Court upcoming verdict and consequences on Fubara-Wike power tussleAnalysts are praying that the appellate court gives a clear ruling to avoid speculations and conjectures.
Source: PremiumTimesng - 🏆 3. / 78 Read more »