Update on procedure in Panama surrounding so-called Panamapapers.
I previously wrote about the lawsuit against people around Mossack & Fonseca as described in the articles and other publications on the so-called Panama Papers.
The demand imposed for the main suspects is the maximum of 12 years.
The accusations are aimed at:
– falsities, including “concealing, covering up and providing false information to banks for the opening of accounts and concealing ownership of assets,”
– but also money laundering in terms of “receiving, transferring funds from illicit activities in Germany and Argentina”.
The defense has also already spoken and they argue “activities are being prosecuted that are legal in many other countries in the world”.
But also that crimes that are mentioned or referred to were not yet punishable at all when the facts took place.
As expected, this will be a perfect test case to what extent it is possible to prosecute people and companies suspected of having a role such as described in publications on the Panama papers.
