Mexico’s Promise to Investigate 33 Individuals Linked To The Panama Papers Is Met With Skepticism

4/12/16 Forbes

Mossack_Fonseca_HQMexican tax authorities said last week they will investigate 33 prominent Mexican businessmen and former officials linked to the Panama Papers, a massive leak of documents on the world of offshore financing used frequently by many of the richest and most powerful around the globe.

Parts of the data were published on April 3 by the International Consortium of Investigative Journalists (ICIJ), a Washington-based nonprofit anti-corruption investigative group, and 100 other international news organizations—including Proceso and Aristegui Noticias in Mexico.

The cache of more than 11 million documents came from Mossack Fonseca–a Panamanian law firm with a global reach that specializes in creating shell companies. The firm has denied any wrongdoing and is reportedly considering legal action.

The ripple effect of the leak has so far provoked the resignation of one Prime Minister (in Iceland), investigations of several heads of state, including Argentina’s President Mauricio Macri, and apologies and denials from many more.

Read more…


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