Following revelations from the Panama Papers, the US has on Tuesday charged four people with wire fraud, tax fraud, money laundering, and other crimes related to a criminal scheme ran by the Panamanian-based law firm Mossack Fonseca.
German police raided the offices of Deutsche Bank in the city of Frankfurt on Thursday as part of an investigation into alleged money laundering revealed in the leak of documents from the offshore law firm Mossack Fonseca, the Guardian reported.
Financial police in Rome said they arrested on Tuesday Gian Luca Apolloni, a purported top-level “fixer” named in the Panama Papers, as well as entrepreneur Roberto Lagana on charges of aggravated tax fraud.
The original Panama Papers investigation revealed how Ukraine’s president, Petro Poroshenko, used offshore companies to maintain control of his candy empire — in contradiction of his official statements. A new leak of files shows how his lawyers scrambled to protect him behind the scenes as the publication date approached.
Belgian Minister of Finance Johan Van Overtveldt asked the country’s Special Tax Inspectorate to look into the role ING Bank played in setting up offshores for wealthy Russian clients.
Two years after the original Panama Papers leaks, the German daily Süddeutsche Zeitung has received a fresh trove of leaked documents from Mossack Fonseca, the now-defunct Panamanian law firm.
The infamous Panama law firm Mossack Fonseca, which was implicated in the Panama Papers scandal, announced Thursday it will be shutting down after 40 years of operations because of the firm’s ruined reputation as a result of the leaks.
The Tax Justice Network released their Financial Secrecy Index on Tuesday, ranking Switzerland and the United States as the top two countries most attractive for tax evaders and money launderers. This is the second time in a row that the US has risen on the index, marking a fall in terms of transparency.
Pakistan sent two investigators to London to collect evidence about apartments the family of ousted prime minister Nawaz Sharif allegedly secretly owns according to the Panama Papers leaks, Pakistani media reported on Thursday.
Pakistan’s Supreme Court ordered on Thursday the country’s anti-graft agency to serve notices to 436 Pakistanis who were named in the Panama Papers as owners of offshore companies.
Nawaz Sharif, the ousted prime minister, returned to Pakistan from the UK this week in order to face an anti-graft court, reported The Economic Times.
A Pakistani court issued on Thursday an arrest warrant against ousted Prime Minister Nawaz Sharif after he failed to appear before judges over allegations of corruption that was revealed in the Panama Papers. However, Sharif can avoid his arrest by paying a bail.
Pakistan's former prime minister's son-in-law was arrested at the Islamabad airport on Monday for failing to show up at a hearing regarding corruption allegations related to his family's wealth, according to Reuters.
The wife of Pakistan’s former prime minister won his seat in the parliament at Sunday’s local elections after the court recently ousted him over corruption allegations revealed in the Panama Papers.
Corruption accusations against Pakistan’s former Prime Minister Nawaz Sharif and his children are mounting, with judges summoning the family to appear in court on September 19 in cases related to revelations from the Panama Papers.
Islamabad: Pakistan’s accountability body National Accountability Bureau (NAB), whose probing ousted Prime Minister Nawaz Sharif and his family’s offshore wealth revealed in Panama Papers, forwarded four references Friday against the Sharif family and Finance Minister Ishaq Dar.
The newly elected Pakistan Prime Minister who replaced Nawaz Sharif after he was ousted over corruption accusations is facing such accusations himself, media reported Friday.
Pakistan’s Prime Minister Nawaz Sharif stepped down on Friday after the country’s Supreme Court reviewed corruption accusations against him and ruled he was not an honest man and should resign.
Pakistan’s Supreme Court began hearings Monday in a corruption case that could cost Prime Minister Nawaz Sharif his job or even send him to jail.
Investigators questioned on Wednesday the daughter of Pakistan’s prime minister about offshore companies that were revealed in the Panama Papers as being owned by his family.
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