"27 Face Trial in Global Money Laundering Case Exposed by 'Panama Papers'"

1 min read
Source: The Associated Press
"27 Face Trial in Global Money Laundering Case Exposed by 'Panama Papers'"
Photo: The Associated Press
TL;DR Summary

The trial of 27 individuals, including the owners of the Mossack-Fonseca law firm at the center of the 2016 "Panama Papers" leak, has begun in Panama on charges related to money laundering. The leaked documents revealed how wealthy individuals hid their money, leading to global repercussions and the resignation of political figures. The case focuses on allegations that the firm set up shell companies to acquire properties in Panama with funds from a corruption scheme in Brazil. The accused have denied the charges, and the trial follows previous acquittals on other charges.

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