Breaking News
June 25, 2019 - None can destroy Awami League: PM
June 25, 2019 - Cabinet secretary dismisses TIB report over promotion
June 25, 2019 - Rail links resume between Sylhet-Dhaka-Chattogram
June 25, 2019 - Anti-drug drives to continue: IGP
June 25, 2019 - Power division has no relation with Career BD
June 25, 2019 - JCD men demonstrate before BNP office
June 23, 2019 - Bangladesh Awami Muktijoddah League holds a discussions and Milad Mahfil to mark the 70th Founding Anniversary of Bangladesh Awami League
June 23, 2019 - Dr Shirin calls for highlighting women’s achievements
June 23, 2019 - Momen urges other nations to follow Bangladesh-India relations
June 23, 2019 - Govt taking initiatives for boosting fish production: Khasru
June 23, 2019 - National Vitamin-A Plus campaign observed
June 23, 2019 - Police arrests 47 for drug related offences in capital
June 21, 2019 - Court attaches DIG Mizan’s property
June 21, 2019 - Discharge duties efficiently to achieve APA goal: IGP
June 21, 2019 - EVM has earned confidence of voters: Kabita Khanam
June 21, 2019 - UN force commanders highly appreciate Bangladeshi Peacekeepers
June 20, 2019 - Begum Zia can be released only in legal way: Hasan
June 20, 2019 - SC upholds HC order declaring gazette on FF’s minimum age illegal
June 20, 2019 - President, PM greet recipients of tree plantation, wildlife conservation awards
June 20, 2019 - CEC hopes for peaceful environment of Bogura-6 by polls
June 20, 2019 - President, PM for preservation of environment to attain SDGs
June 18, 2019 - Shakib’s ton powers Tigers to a facile victory over West Indies
June 18, 2019 - Supplementary budget of Tk 15,166 cr passed
June 18, 2019 - Probe report on Biman pilot’s travel without passport submitted
June 18, 2019 - No positive politics in Oikyafront: Nasim
June 18, 2019 - CAAB urges all not to throw laser ray targeting aircrafts
June 18, 2019 - Tribunal sends ex-Sonagazi OC to jail
June 17, 2019 - General holiday declared at 23 upazilas on June 18
June 17, 2019 - UKBCCI keen to explore opportunities in ICT, garments sectors
June 17, 2019 - Former OC of Sonagazi Moazzem held in capital
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

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/