Arrest warrants issued for founders of Panama Papers firm: report

Above, the building where Mossack Fonseca law firm offices are in Panama City on May 9, 2016. (AFP file photo)
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Updated 20 October 2020

Arrest warrants issued for founders of Panama Papers firm: report

  • The Panama Papers, a massive data leak in April 2016, exposed widespread tax avoidance and evasion

BERLIN: Germany has issued international arrest warrants for the two founders of the firm at the center of the tax haven scandal exposed by the Panama Papers data leak, German media reported.
Mossack Fonseca founders Juergen Mossack and Ramon Fonseca, suspected of tax evasion and associating with criminals, will be arrested if they enter the European Union, German newspaper Sueddeutsche Zeitung reported late Monday.
The two men hold Panamanian passports and are currently in the Caribbean archipelago which does not have any extradition treaties, the newspaper said.
However, investigators hope that Mossack, who has family in Germany, may surrender to officials in order to negotiate a reduced sentence and avoid US charges.
The Panama Papers, a massive data leak in April 2016, exposed widespread tax avoidance and evasion using complex structures of offshore shell companies and caused an international outcry.
At least 150 investigations have been opened in 79 countries to examine potential tax evasion or money laundering, according to the American Center for Public Integrity.
In 2018, Mossack Fonseca said it would close due to “irreparable damage” to its reputation. Panama’s government meanwhile continues to petition the international community to remove it from several tax haven blacklists.


Scotland leader ‘never been more certain’ of independence

Updated 28 November 2020

Scotland leader ‘never been more certain’ of independence

  • The head of Scotland’s devolved government and the leader of the pro-independence SNP told supporters at the party’s virtual conference

GLASGOW: Scotland’s First Minister Nicola Sturgeon on Saturday said she had “never been more certain” of achieving independence, with Britain’s final departure from EU trading arrangements set to precede key Scottish elections in the months ahead.

The head of Scotland’s devolved government and the leader of the pro-independence SNP told supporters at the party’s virtual conference that the prospect of a break between Scotland and the rest of the UK has never been closer.

“Independence is in clear sight — and with unity of purpose, humility and hard work I have never been so certain that we will deliver it,” she said.

Sturgeon and the SNP have argued for a second referendum on Scottish independence since the party’s overwhelming victory among Scottish seats in Britain’s 2019 general election.

Now she hopes that a further resounding win in May elections to the Edinburgh parliament will hand her party a mandate for a second bid to quit the UK.

Opinion polls in recent months have shown that a majority of public opinion in Scotland now supports independence.

The country chose to remain part of the four-nation United Kingdom in a 2014 referendum on the issue.

But Scots later voted by a thumping majority in 2016 to remain in the European Union, a referendum the Leave side won by a narrow margin when taking the rest of Britain into account.

Since then, “we have won a landslide victory in a UK general election and support for independence has risen, it has become the sustained and majority view in public opinion this year,” said Sturgeon.

“Who should be taking the decisions that shape our futures? We know that it is the people who live here, wherever they come from, who can best harness Scotland’s immense human and natural resources.

“Let us reach out to all Scotland like never before,” she added.

Sturgeon urged her party to “demonstrate ... that Scotland is ready to take our place in the global family of independent nations,” saying it was “now a nation on the brink of making history.”

British Prime Minister Boris Johnson has repeatedly rebuffed calls from for a another referendum, saying that the 2014 vote settled the question for a generation.

Earlier this month, Scottish independence campaigners seized on comments by the prime minister in which he said the creation of a devolved parliament in Edinburgh had been “a disaster.”

In response Sturgeon said the only way to protect the parliament was “with independence.”

On Thursday, she said a referendum could be held “in the earlier part” of the next parliamentary session.

“The people of Scotland have the right to choose their future. Let’s now focus all our efforts on making sure we bring about that better country they and future generations deserve,” Sturgeon said on Saturday.