Home World Americas News Panama Papers: Mossack Fonseca’s El Salvador Branch Raided by Police

Panama Papers: Mossack Fonseca’s El Salvador Branch Raided by Police

Mossack Fonseca offices in El Salvador have been raided by police, the attorney general’s office says.

The Panama law firm is at the center of a recent massive data leak, known as the Panama Papers.

Documents and computer equipment were seized from the Mossack Fonseca office, officials said on Twitter.

The attorney general’s office said the Mossack Fonseca sign had been removed a day earlier and quoted an employee as saying the company was moving.

The leak showed how some wealthy people use offshore companies to evade tax.

The raid was overseen by El Salvador’s Attorney General Douglas Melendez.Mossack Fonseca El Salvador

Mossack Fonseca’s El Salvador branch was able to provide “back office” functions for the company’s clients all over the world, according to a document posted on Twitter by the attorney general’s office.

Local news website El Faro reported that Salvadorans had used Mossack Fonseca to buy property in the country without declaring the purchases to the Salvadoran authorities.

Mossack Fonseca has denied it has done anything wrong and says the information is being presented out of context.

Mossack Fonseca offices in El Salvador have been raided by authorities, the attorney general’s office says.

The Panama law firm is at the center of a recent massive data leak, known as the Panama Papers.

Documents and computer equipment were seized from the Mossack Fonseca office, officials said on Twitter.

The attorney general’s office said the Mossack Fonseca sign had been removed a day earlier and quoted an employee as saying the company was moving.

The leak showed how some wealthy people use offshore companies to evade tax.

The raid was overseen by El Salvador’s Attorney General Douglas Melendez.

Mossack Fonseca’s El Salvador branch was able to provide “back office” functions for the company’s clients all over the world, according to a document posted on Twitter by the attorney general’s office.

Local news website El Faro reported that Salvadorans had used Mossack Fonseca to buy property in the country without declaring the purchases to the Salvadoran authorities.

Mossack Fonseca has denied it has done anything wrong and says the information is being presented out of context.

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.