Arrest warrants for founders of Panama Papers firm issued in Germany – reports

News Team, 26/10/2020

Prosecutors in Germany have issued arrest warrants for the former owners of the Panama-based law firm behind the offshore tax scam which was exposed by the so-called Panama Papers.

According to German newspaper Sueddeutsche Zeitung, German authorities have issued arrest warrants for the co-founders of Mossack Fonseca, four and a half years after the Panama Papers were published.

A spokesman for the Cologne Public Prosecutor's Office confirmed "the existence of two international arrest warrants" on request, but did not say against whom they were directed, the newspaper reported.

Jürgen Mossack, who comes from Germany, and his Panamanian partner Ramón Fonseca opened a law firm in Panama in the 1980s that specialized in setting up and running letterbox companies. For decades, Mossack Fonseca helped powerful individuals hide their money.

This practice was exposed in the April 2016 so-called Panama Papers leak, which saw the publication of 11 million secret financial documents from Mossack Fonseca.  After which, a number of politicians - including the then Icelandic Prime Minister Sigmundur Gunnlaugsson and the Pakistani Prime Minister Nawaz Sh...

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