Niall Hearty of Rahman Ravelli explains how defendants were
cleared of
money laundering in a prosecution based on evidence from the
huge leak of financial records.
A total of 28 people accused of money laundering in a case
linked to the Panama Papers scandal have been acquitted.
Jurgen Mossack, the co-founder of the law firm Mossack &
Fonseca with former associate Ramon Fonseca, was among those
cleared by a Panamanian judge.
The now-defunct Mossack & Fonseca found itself in the
spotlight in 2016 when 11 million financial documents linked to the
firm were leaked – known as the Panama Papers - leading to
accusations of massive financial irregularities and embarrassment
for political figures around the world. The prime minister of
Iceland resigned and now former leaders of Argentina and Ukraine
came under intense scrutiny, as did Chinese politicians, Russian
President Vladimir Putin and others.
