Home > Economy > Panama Papers firm Mossack Fonseca closes its doors | ICIJ

Panama Papers firm Mossack Fonseca closes its doors | ICIJ

Mossack Fonseca, the offshore law firm whose 11.5 million leaked files were at the heart of the Panama Papers investigation, will close.

The law firm will shutter its remaining offices by the end of the month, according to a statement obtained by the the International Consortium of Investigative Journalists (ICIJ).

“The reputational deterioration, the media campaign, the financial siege and the irregular actions of some Panamanian authorities have caused irreparable damage, whose obligatory consequence is the total cessation of operations to the public,” according to the law firm’s statement.

The firm said it would “continue to call for justice” and would cooperate with authorities to “demonstrate that no crime has been committed.”

In a statement sent to clients in November 2017, which seems to have foreshadowed the firm’s shutdown, Mossack Fonseca said it had to “significantly reduce” its staff due to changes to the laws and an “adverse business environment.”

Source: Panama Papers firm Mossack Fonseca closes its doors

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