19
Thursday
April 2018
9:19 PM IST
News Headlines
Nawaz Sharif, daughter leave for London        Former US first lady Barbara Bush dead at 92        Manmohan Singh on Kathua, Unnao rape cases: ‘PM Narendra Modi should follow own advice to me, speak more often’        Kathua rape ‘barbaric’, says President Kovind        KKR breach Rajasthan fortress at Jaipur, beat RR by 7 wickets        Virat Kohli downbeat despite smashing IPL run record        BJP ministers in J&K government asked to resign, to be replaced with new faces        Banks are unable to meet the demand for cash, says ATM industry        India, Sweden to enhance cooperation in defence, cyber security        Castro set to step aside as Cuban president, his reforms incomplete        Mumbai outplay Bangalore in IPL tie        Kolkata Police summons cricketer Mohammed Shami in domestic abuse case        10-man Bengaluru FC thrash Mohun Bagan to set up Super Cup final with East Bengal        Countrywide protests demanding justice in Kathua and Unnao rape cases        Former FBI director James Comey makes shocking claims about Trump        Prince Harry, Meghan Markle to work as Commonwealth youth ambassadors        Manchester City crowned Premier League champions as?Manchester United drop points        IPL-2018: KKR canter to 71-run win over Delhi        Watch Video: Mumbai Indians vs Delhi Daredevils / Pre-match analysis        Putin: attack on Syria act of aggression        
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Business News
'Panama Papers' law firm shuts down operations
 
(Panama City, Mar 15, 2018): The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced today it would shut down operations, citing negative press and what it called unwarranted action by authorities.

"Reputational deterioration, the media campaign, the financial consequences and irregular actions by some Panamanian authorities have caused irreparable damage, resulting in the total ceasing of public operations at the end of this month," Mossack Fonseca said in a statement.

But it added a smaller group would continue working to address requests from authorities and other public and private groups.

Last August, co-founder Jurgen Mossack acknowledged the firm had closed most of its offices abroad after its damaged credibility caused business to flounder.

April 3, 2016 marked the beginning of the "Panama Papers" scandal -- a leak of 11.5 million files from Mossack Fonseca's digital archive that revealed how wealthy and influential figures across the world had created offshore businesses to safeguard assets.

The information was obtained by German newspaper Sueddeutsche Zeitung, who shared it with the International Consortium of Investigative Journalists. It was released as a searchable database, with revelations continuing to be unearthed to this day.

Icelandic prime minister Sigmundur David Gunnlaugsson was forced to resign after it was revealed his family had offshore accounts -- while former Pakistani prime minister Nawaz Sharif was disqualified for life from office after being implicated in the documents.

Other figures implicated included former British premier David Cameron, football star Lionel Messi, Argentina's President Mauricio Macri, Spanish filmmaker Pedro Almodovar, to name but a few.(AFP)


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KERALA NEWS
Hate speech on Kathua rape victim: Case against Kotak Mahindra Bank employee Vishnu Nandakumar
 (Kochi, Apr 14, 2018): Kerala Police on Saturday said they have registered a case against a p  
Gang attacks BJP leader in Thiruvananthapuram
Govt doctors on indefinite stir in Kerala
Radio Jockey's murder: Ali Bhai confesses to the crime
INTERNATIONAL NEWS
Nawaz Sharif, daughter leave for London
 (Islamabad, Apr 18, 2018):Former Pakistan Prime Minister Nawaz Sharif and his daughter Maryam
Former US first lady Barbara Bush dead at 92
India, Sweden to enhance cooperation in defence, cyber security
Castro set to step aside as Cuban president, his reforms incomplete
NATIONAL NEWS
Manmohan Singh on Kathua, Unnao rape cases: ‘PM Narendra Modi should follow own advice to me, speak more often’
 (New Delhi, Apr 18, 2018):Hitting out at Prime Minister Narendra Modi for his long silence ov
Kathua rape ‘barbaric’, says President Kovind
BJP ministers in J&K government asked to resign, to be replaced with new faces
Pakistan violates ceasefire in J-K's Rajouri
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