Friday, 8 April 2016

#PanamaPapers: Law Firm Claims External Data Hack


The Panama lawyer at the center of a data leak scandal that has embarrassed a clutch of world leaders said on Tuesday 5th April, 2016 that has law firm was a victim of a hack outside of the company, and has filled a complaint with the State Prosecutors.

According to the founding partner Ramon Fonseca in his Statement; the firm (Mossack Fonseca) which specialises in setting up offshore companies had broken no law and that all it's operations were legal. Nor had it ever destroyed any document or helped anyone evade taxes, or launder money, he added in an interview with Reuters.

According to Fonseca (Age:63);

"We rule out an inside job. This is not a leak. This is a hack"

"We have a theory and we are following it"

"We have already made the relevant complaints to the Attorney General's office, and there is a government institution studying the issue"

"The (emails) were taken out on context" Fonseca said, denouncing what he called a "witch hunt". He lamented what he called journalistic activism and sensationalism, extolling his own investigative research credentials as a published novelist in panama. He said he feared that his rivals could muscle in on their business following this leak."The only crime that has been proven is the hack. No one is talking about that." That is the story.

He said his company had a staff of around 500, 300 of which work in Panama, but he declined to comment on his law firm's structure or franchises in other parts of the world.

Governments across the world have began investigating possible financial wrong doing by the rich and powerful after the leak of more than 11.5 million documents, dubbed the Panama papers", from the law firm that spans four decades.

The papers have revealed financial arrangements of the prominent figures including friends of Russian President Vladimir Putin, relatives of the prime minister of Britain, Pakistan and President XI Jinping and President of Ukraine.

On Tuesday April 5, 2016 Iceland Prime Minister Sigmundur David Gunnlaugsson, resigned becoming the first Casualty of the leak.

Source: NBC News

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