Panama Papers

Pakistan court indicts ex-PM Sharif for corruption

Islamabad - Muslimchronicle

A Pakistani court indicted ousted prime minister Nawaz Sharif on corruption charges spiralling from the Panama Papers leak, a senior government official said Thursday, in a case that could ultimately see the former leader jailed. The indictment presents a fresh challenge to Sharif's beleaguered, ruling Pakistan Muslim League-Nawaz (PML-N) party ahead of next year's general elections, which the former premierRead more

Panama Papers law firm partners get bail

Panama City - Arab Today

The partners of the law firm at the heart of the Panama Papers scandal were given bail pending further legal action over allegations they helped launder money related to a huge Brazilian bribery case. Juergen Mossack and Ramon Fonseca were freed on bail of $500,000 each, their lawyer, Marlene Guerra, told AFP. They had been detained since February 9 inRead more

Panama Papers law firm boss sees tax shelter boom in US

Panama City - Arab Today

The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a "thriving" boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm Mossack Fonseca, said in a document obtained Thursday by AFP that after the Panama PapersRead more

As populism mounts, Davos elite told: pay your taxes

Davos - Arab Today

The world's biggest multinationals have been put on notice to start paying their fair share of tax -- or risk accelerating the rise in populism that has carried Donald Trump to the White House. From Panama Papers to LuxLeaks, recent years' headlines have been filled with revelations on the secret ways the rich and multinationals, with the help of accountancyRead more

Iceland’s ‘Pirates’ eye power in snap election

Reyjavik - Arab Today

Icelanders voted on Saturday in a snap election that could see the anti-establishment Pirate Party form the next government in the wake of the Panama Papers tax-dodging scandal and lingering anger over the 2008 financial meltdown. Voters are expected to punish the incumbent coalition after the Panama Papers revealed a global tax evasion scandal that ensnared several senior politicians andRead more

Panama Papers scandal to get Hollywood movie treatment

New York - Arab Today

The Panama Papers financial scandal is going to Hollywood. Streaming service Netflix said on Tuesday it had acquired the rights to a book written by two German investigative journalists and was turning it into a feature movie to be produced by John Wells. It is the second proposed movie on the scandal that thrust tax havens and transparency into theRead more

Political novice elected Iceland president amid football fever

Reykjavik - Arab Today

Political newcomer Gudni Johannesson claimed victory in Iceland's presidential election after riding a wave of anti-establishment sentiment, though the vote was eclipsed by the country's eagerly-anticipated and historic Euro football match. "All the votes have not been counted, but I think we have won," Johannesson told supporters. With 36 percent of ballots counted, he was credited with 38.6 percent ofRead more

IT Worker At Panama Papers Firm Arrested In Geneva

Geneva - Arab Today

An information technology worker at the Geneva office of Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, has been arrested, Switzerland's Le Temps newspaper reported Wednesday. The paper, citing a source close to the case, said the IT employee had been placed in provisional detention on suspicion of stealing a large haul of confidential documents. Read more

Panama Papers law firm closes Jersey, Gibraltar offices

Panama City - AFP

The law firm at the heart of the Panama Papers revelations is closing its offices in the British-dependent territories of Jersey, Isle of Man and Gibraltar, it Tweeted. Mossack Fonseca "will be ceasing operations" in those territories, "but we will continue serving all of our clients," it said. "This decision has been taken with great regret, as Mossack Fonseca hasRead more