PANAMA CITY: The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced on Wednesday it would shut down operations, citing negative press and what it called unwarranted action by authorities. "Reputational deterioration, the media campaign, the financial consequences and irregular actions by some Panamanian authorities have caused irreparable damage, resulting in the total ceasing of public operations at the end of this month," Mossack Fonseca said in a…
DUBAI: Submitting a legal opinion to the Supreme Court of Pakistan on Prime Minister Nawaz Sharif's alleged employment in Dubai, a Dubai law firm has on Monday verified that the documents of the PM’s employment by Capital FZE in Jebel Ali Freezone (Jafza) in Dubai are 100 percent legal. The legal firm Khalifa bin Huwaidan Advocates was approached by the Panama Case Joint Investigation Team (JIT) that has submitted its final report into the Sharif family’s offshore properties to the SC, Khaleej Times reported. "Normally…
PANAMA CITY: The revelation of the "Panama Papers" detailing the off-shore financial structures of many wealthy clients is a "crime" and an "attack" on Panama, the law firm at the heart of the scandal said Sunday.