Panama Papers: US launches criminal inquiry into tax avoidance claims

US attorney for Manhattan says Department of Justice has opened investigation related to revelations exposed in massive leak of documents

Police outside the Mossack-Fonseca offices in Panama City. The firm’s leaked Panama Papers revealed how the world’s wealthy and powerful used offshore companies to stash assets.
Police outside the Mossack-Fonseca offices in Panama City. The firm’s leaked Panama Papers revealed how the world’s wealthy and powerful used offshore companies to stash assets. Photograph: Carlos Jasso/Reuters

Preet Bharara, the US attorney for Manhattan, said he had “opened a criminal investigation regarding matters to which the Panama Papers are relevant”.

Bharara has written to the International Consortium of Investigative Journalists (ICIJ), which coordinated the unprecedented leak of 11.5m files from offshore law firm Mossack Fonseca, to ask for further information to assist with his criminal investigation.

Read more at: http://www.theguardian.com/business/2016/apr/19/panama-papers-us-justice-department-investigation-tax-avoidance

 

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