Business Standard

Panama Verdict

Trial underway for Panama Papers, case that changed financial rules

Eight years after 11 million leaked secret financial documents revealed how some of the world's richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles. The repercussions of the leaks were far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the then-leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others. But those on trial now for alleged money laundering are principally the leaders and associates of the now defunct Panamanian boutique law firm that helped set up the shell companies used to obscure those really behind them. The leaders of that firm, Jrgen Mossack and Ramn Fonseca, are among those on trial. WHAT IS THE PANAMA PAPERS CASE ABOUT? Panamanian prosecutors allege that Mossack, Fonseca and their associates created a web of offshore companies that used complex transactions to hide money linked to illicit activities in the ca

Trial underway for Panama Papers, case that changed financial rules
Updated On : 19 Apr 2024 | 10:41 AM IST

Panama verdict: Pakistan Supreme Court dismisses Sharifs' review petitions

With the rejection of review petitions, Sharif's disqualification as MP remains valid

Panama verdict: Pakistan Supreme Court dismisses Sharifs' review petitions
Updated On : 15 Sep 2017 | 5:09 PM IST

Panama verdict: Nawaz's brother Shehbaz Sharif tipped to be next Pak PM

Shehbaz Sharif cannot immediately replace his brother as he is not a member of the National Assembly

Panama verdict: Nawaz's brother Shehbaz Sharif tipped to be next Pak PM
Updated On : 28 Jul 2017 | 9:00 PM IST

Panama verdict: Khawaza Asif may replace Nawaz Sharif as Pakistan PM

This is the third time Nawaz has been unable to complete his term as Pakistan prime minister

Panama verdict: Khawaza Asif may replace Nawaz Sharif as Pakistan PM
Updated On : 28 Jul 2017 | 5:59 PM IST