Law firm’s IT worker detained in Panama Papers probe

The detention follows the most recent leak of confidential data, which could fuel new theories about the source of the Panama Papers.

Authorities in Geneva have detained a computer specialist for the Panamanian law firm Mossack Fonseca in connection with the unprecedented leak of offshore companies’ data.
 
Prosecutors placed the computer specialist in temporary detention earlier this week following the recent release of "a very large volume of confidential data,” the Associated Press reported, citing a story published by Swiss newspaper Daily Le Temps.
 
While it did not specify when the data was released, the Swiss news report said Geneva prosecutors and policemen raided Mossack Fonseca's local office and seized computer equipment.
 
According to the Associated Press, the latest leak could fuel new theories about the elusive source of the Panama Papers.
 
The documents, which were revealed by German newspaper Sueddeutsche Zeitung last April, contained data on over 200,000 offshore companies.
 
The papers detailed how businesses, celebrities and even world leaders use shell companies incorporated in low-tax countries like Panama, the Bahamas and the British Virgins Islands.
 
The Associated Press noted that offshore companies are often used for bribes, tax evasion, money laundering and to ensure privacy or protect wealth from authoritarian regimes.
 
The Panama Papers scandal led to the resignation of Iceland's embattled prime minister while other leaders in Argentina, Ukraine, China and even Russian President Vladimir Putin were scrutinised following the massive leak.
 

Recent articles & video

Allens assists Seraya Partners with landmark acquisition of ASX lister

Law Council of Australia, ACT Bar call out underfunding in legal aid sector

NSW Law Soc, LexisNexis team up on AI Glossary

Report recommends US federal courts award monetary damages for workplace misconduct

Report highlights racial challenges faced by South Asian partners in the UK

Michael Best & Friedrich enters California market by absorbing Los Angeles law firm

Most Read Articles

Revealing the top influencers in Australia’s legal profession for 2024

HSF helps consortium wth Ulinda Park BESS project financing

Federal Court fines employer for failing to issue payslips

Lander & Rogers brings in digital economy practice head