Tag: Baloisa Marquinez

Panama’s New President Labels Panama Papers a ‘Hoax’ Amid Money Laundering Acquittals

Court Cases Ben - July 4, 2024

Money laundering is still a big and attractive business. Indeed, for certain jurisdictions, including Panama. The country's new president, José Raúl Mulino, has controversially dismissed the Panama Papers as a “hoax” following the acquittal of 28 defendants in a high-profile money laundering trial, ICIJ reports. The ruling has sparked concerns among legal experts about Panama’s commitment to combating corruption.

Panama Papers: Court Acquits All 28 Defendants Charged with Money Laundering

Court Cases tamir - July 1, 2024

In an international money laundering case, a Panamanian court has acquitted all 28 individuals charged with money laundering concerning the infamous Panama Papers scandal. The trial began in April and concluded last week with this significant ruling. Among those acquitted were Jurgen Mossack and the late Ramon Fonseca, founders of Mossack Fonseca, the now-defunct law firm at the center of the scandal.

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