Tuesday 22 June 2021

Mossack-Fonseca Co-Founder Breaks Silence on Panama Papers

Offices of the Mossack Fonseca law firm in Panama City's financial district. Photo: Susana Gonzalez/Bloomberg News
Offices of the Mossack Fonseca law firm in Panama City’s financial district. Photo: Susana Gonzalez/Bloomberg News

Q24N (Prensa Latina) The lawyer Jürgen Mossack, co-founder of law firm Mossack-Fonseca, broke his silence after the global scandal that led to obtaining records of corporations created by his firm.

“We will not suspend our services to go to plant bananas. People make mistakes. We also, as well as our Compliance Department. But that’s not the rule, “Mossack told The Wall Street Journal, from his office in the capital area of Marbella.

- Advertisement -

The Panama Papers: Victims of Offshore. The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.

“Our brand needs to be protected. We feel that the best way for that is to do things ourselves and not depend on others, “he added, according to the source.

Sara Montenegro, Director of Legal Affairs of the firm, also spoke to the WSJ without mentioning nothing serious of the international accusations about the alleged conduct of the firm by selling companies allegedly used for criminal purposes.

- Advertisement -

“The only crime that has been tested is the violation of privacy”, Montenegro complained about the removal of the files.

Panamanian Attorney Porcell Kenya, told reporters that in mid-March, the office filed a complaint about the removal of documents from its databases, whose research said that is advanced.

Prensa Latina spoke with one of the members of the International Consortium of Investigative Journalists (ICIJ) who participates in research papers Panama, and has access to documents under tight security.

“Both in public and in private, two journalists from the German newspaper Sueddeutsche Zeitung, explained that received the records of someone whose identity was not revealed and decided to share it with ICIJ, but everything has been confused to explain this,” said the journalist under commitment of anonymity, an obligation he assumed in a contract.

“The way we work is that everyone searches in the millions of records what interests the media for which they work, tracking keywords, because the information is not sorted by categories or countries,” said the source.

The ICIJ investigation is collective and what it contains and analyzes is shared with us, he said, but then everyone focuses on their interests. The search is handcrafted and through words that come to mind, for example a name, without a predetermined guide, he added.

- Advertisement -

“Perhaps there are things that were not seen now and in five years from now could be a bomb,” he predicted and explained that among the security measures for the participants in the research are the work on a private platform with very rigid rules of authentication of users and their passwords.

The anonymous source acknowledged that “perhaps it was a mistake to put Panama Papers” to the investigation, because of the implications it has had on the country.

Meanwhile, ICIJ rejected accusations of WikiLeaks that the work was coordinated by the Report Project Organized Crime and Corruption (OCCRP), and funded by the United States Agency for International Development (USAID) and the Soros Fund.

But the website of the institution recognizes as donors the Open Society Foundations, whose chairman is billionaire and American financial speculator George Soros, and the Ford Foundation, based in New York, and also the foundations of the Rockefeller Brothers and the Rockefeller Family.

The ICIJ functions as a club that only comes at the invitation of those who already participate, according to one its members, the Argentine Hugo Alconada, who said that this does not mean one will be called to all inquiries.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Today’s Covid News: Less than 800 new cases for the first time in two months

QCOSTARICA - For the first time in two months, less than...

First five months of the year reflect recovery of Costa Rican exports

QCOSTARICA - The value of Costa Rica exports increased by 23%...


Germany opens borders to Ticos from this Friday!

QCOSTARICA - Good news for Ticos with traveling fever! From Friday, June 25, Germany will allow entry of travelers from Costa Rica as long...

Today’s Vehicle Restriction June 17: 7 & 8 CANNOT circulate

Today, Thursday, June 17, vehicles with plates ending 7 & 8 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

The Best Sports To Play On A Beach

Costa Rica has some of the best beaches in the world. The coastline is blessed with golden sand, beautiful palm trees, and perfect blue...

Today’s Vehicle Restriction June 16: 5 & 6 CANNOT circulate

Today, Wednesday, June 16, vehicles with plates ending 5 & 6 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Full court decides not to investigate or dismiss Emilia Navas

QCOSTARICA - Emilia Navas will not be removed from her position as attorney general, after calls for her to step down due to her...

Today’s Vehicle Restriction June 18: 9 & 0 CANNOT circulate

Today, Friday, June 18, vehicles with plates ending 9 & 0 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

Since 2018 MECO has received contracts from the State for more than ¢139 billion

QCOSTARICA - Almost ¢140 billion colones (US$227 million dollars) is the amount the MECO construction company was able to snare for public works contracts...

Will that be Cash or Sinpe Móvil?

QCOSTARICA - Sinpe Móvil is easy to use. From your phone, you can send money to friends, family and pay for things. Or receive...

Treasury threatens to close doors to Sinpe Móvil to avoid tax evasion

QCOSTARICA - What had been a good tool as a payment mechanism for sellers and businesses, the Ministry of Finance (Treasury) has in its...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.