Police raid El Salvador branch of ‘Panama Papers’ law firm
Police have raided the El Salvador offices of the Panama-based law firm at the heart of the “Panama Papers” scandal that has revealed how the wealthy in many countries stashed their wealth offshore.panama papers Updated: Apr 09, 2016 11:37 IST
Police have raided the El Salvador offices of the Panama-based law firm at the heart of the “Panama Papers” scandal that has revealed how the wealthy in many countries stashed their wealth offshore.
The raid on the San Salvador offices of the firm, Mossack Fonseca, netted “a good amount of computer equipment,” El Salvador’s state prosecutor’s office said on Friday on its Twitter account.
Authorities in El Salvador on Wednesday had announced they had launched a probe to see if the Salvadorans identified in the Panama Papers reports had broken any law. Reports said some 33 Salvadorans were named.
The state prosecutor, Douglas Melendez, visited the law firm’s premises on Friday. He said he would make a press statement about the raid in the coming days.
Mossack Fonseca’s employees had left the branch office a day earlier, on Thursday. “The manager said it was because they were moving offices,” the prosecutor’s office said.
According to El Faro, an online newspaper, the offshore companies used by Mossack Fonseca’s Salvadoran clients were used for transactions of hundreds of thousands of dollars, including to buy property in El Salvador, “all under the radar of local authorities.”
First Published: Apr 09, 2016 11:37 IST