Prosecutors seek 12-year sentences for 'Panama Papers' accused

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PANAMA CITY: The prosecution sought 12-year prison sentences on Wednesday (Apr 17) for the founders of a now-defunct law firm at the centre of the so-called "Panama Papers" tax evasion scandal.

Lawyer Jurgen Mossack has insisted he is 'not responsible' for the crimes he stands accused of in the 'Panama Papers' case. PANAMA CITY: The prosecution sought 12-year prison sentences on Wednesday for the founders of a now-defunct law firm at the centre of the so-called"Panama Papers" tax evasion scandal.

Mossack and Fonseca are also accused of"concealing, covering up and providing false information to banks for the opening of accounts and concealing ownership of assets," said the prosecutor. Icelandic prime minister Sigmundur David Gunnlaugsson was forced to resign after it was revealed his family had offshore accounts.

The files were leaked to a German newspaper, Sueddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists.

 

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