Breaking News
August 14, 2018 - BB releases new notes
August 14, 2018 - Eminent journalist Golam Sarwar no more
August 14, 2018 - Bangladesh to attain economic freedom under PM’s leadership: Speaker
August 14, 2018 - Moshtaq himself admitted his regime to be unconstitutional: record
August 12, 2018 - PM lays foundation stone of Ramij Uddin college underpass
August 12, 2018 - Govt engages globally famed jurist to bring back Bangabandhu killers
August 12, 2018 - Shimulia-Kathalbari Ferry service halts for poor navigability
August 12, 2018 - Country’s first female barrister recalls Bangabandhu’s hypnotic power
August 5, 2018 - Bangladesh Shadharan Chatra Parishad ( Central Committee) formed a human chain in front of the National Press Club on Saturday for their demand to implement the recommendations immediately for the age limit in services up to 35 years made by the Standing Committee of Public Administration Ministry.
August 2, 2018 - PM laments for Zia’s escape of justice
July 30, 2018 - Open girl guides unit in every female educational institution: PM
July 30, 2018 - Polls in 3 cities start amid festive mood
July 30, 2018 - Unite to destroy anti-feminine forces: Inu
July 30, 2018 - Involve all in ongoing tree plantation movement: Dr Hasan
July 30, 2018 - Quader urges all to observe Mourning Day with due respect
July 26, 2018 - Build educated manpower to keep up Bangladesh’s success: PM
July 26, 2018 - Tourism Minister urges DCs to create new tourism spots
July 26, 2018 - Belgian companies keen to work in Bangladesh’s power sector: Envoy
July 26, 2018 - DUTA demands for taking legal action against DU Prof Akmal
July 25, 2018 - PM asks DCs to get tough on muscle power, terrorism
July 25, 2018 - BNP must pay for negative politics: Quader
July 25, 2018 - DCs asked to speed up land acquisition to build Liberation Memorials
July 25, 2018 - Quader visits CPB office
July 25, 2018 - Bangladesh shows zero tolerance on terrorism: Tofail
July 23, 2018 - PM asks army to entrust efficient, patriotic officers with higher commands
July 23, 2018 - President, PM greet ‘Public Administration Padak’ recipients
July 23, 2018 - No need of dialogue as polls to be held as per constitution: Quader
July 23, 2018 - Tofail urges Britain to continue trade facilities after Brexit
July 23, 2018 - Sheikh Hasina eliminated militancy, communalism: Inu
July 22, 2018 - Leaders urge people to vote for AL to continue development
Panama Papers law firm closes Jersey, Gibraltar offices

Panama Papers law firm closes Jersey, Gibraltar offices

PANAMA CITY:  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 Friday.

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 has had a presence in these locations for more than 20 years,” the Panama-based law firm added.

The office closures were part of a strategy to “consolidate our service office network,” it said.

The announcement came nearly eight weeks after the first reports about the Panama Papers emerged, divulging details taken from nearly four decades of records from Mossack Fonseca’s computer archives.

They revealed that many prominent leaders, politicians, celebrities and wealthy individuals around the world used Mossack Fonseca to start up or run offshore entities to hold their assets.

Although offshore companies are not in themselves illegal, the sudden publication of the information drew attention to possible tax avoidance and money laundering crimes in some cases, and embarrassed some figures trying to keep their finances secret.

News of the closure of Mossack Fonseca’s offices in Jersey and Isle of Man — two Crown dependencies of Britain — and Gibraltar — a British overseas territory jutting off from Spain — was reported earlier this week by local media in those territories and the BBC.

The law firm in Panama did not confirm the information on Thursday when contacted by AFP.

While its tweets Friday said those closures were happening, they made no mention of another report circulating this week in US media, about Mossack Fonseca’s affiliate in the state of Nevada resigning as the agent for 1,000 companies it administered there.

About author

Leave a reply

You must be logged in to post a comment.

AWARD

Reflection Team

বাংলা

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

ভেঙে পড়ছে গ্রিসের অর্থনীতি। দুই মেয়াদে ক্ষমতায় এসেও সিপ্রাস সরকার চিত্রটা পাল্টাতে পারেনি। দিন দিন বাড়ছে বেকারত্ব। গোটা দেশটার আর্থ-সামাজিক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/