‘Panama Papers’ law firm announces that it is closing down

PANAMA CITY (AP) — The Panamanian law firm whose more than 11 million leaked documents known as the “Panama Papers” shed light on how the world’s wealthy exploit financial secrecy to hide assets says it is closing at the end of March.

The data breach from the Mossack-Fonseca firm was published by an international consortium of journalists and shook the ranks of the rich and powerful.

The firm’s Wednesday statement says that at one time it had offices in 40 countries and some 600 employees. But after the 2016 publication of so many secrets it has closed offices and pared its staff to about 50.

The International Consortium of Investigative Journalists shared the 2017 Pulitzer Prize for explanatory reporting with McClatchy and the Miami Herald for their reporting on the Panama Papers.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.