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Thursday, April 22, 2021

Arrest Warrants Issued for Mossack Fonseca Founders

A German court has issued international arrest warrants for the two founders of the firm that was exposed by the Panama Papers data leak.

The Cologne public prosecutor’s office has issued international arrest warrants for Juergen Mossack and Ramon Fonseca the two founders of Mossack Fonseca the firm that was exposed by the Panama Papers data leak.

According to German newspaper Süddeutsche Zeitung, Mossack and Fonseca who are both Panamanian passport holders will be arrested if they enter the European Union for suspected tax evasion and associating with criminals.

The two men are believed to be currently in the Caribbean archipelago which does not have any extradition treaties.

Gerrman authorities are hoping that Mossack who has family in Germany, may surrender to officials for a reduced sentence and avoid possible US charges.

When the International Consortium of Investigative Journalists (ICIJ) revealed the Panama Papers in 2016, t50 investigations have been launched in 79 countries to examine potential tax evasion or money laundering.

The revelation caused Mossack Fonseca to close its doors in 2018 due to the loss of its credibility.

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