Court acquits 28 charged with money laundering in Panama Papers case

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Among those exonerated were Jurgen Mossack and the late Ramon Fonseca, founder of Mossack Fonseca, the defunct law firm at the centre of the Panama scandal.

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The judge also added that the evidence in this case did not comply with due process after authorities raided the office of the now-defunct firm. It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.The trial took testimony from 27 witnesses and considered over 50 pieces of documentary evidence, according to Panamanian local news reports.

The Panama Papers underscore the fundamental injustices and inequalities created by the offshore system, media commentators and political leaders say, the ICIJ said., executive director of the ICIJ, said: “This outcome underscores the challenges in prosecuting financial misconduct. While the court did not hold these defendants accountable, the enduring impact of our investigation persists.

 

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