19
Wednesday
December 2018
9:55 PM IST
News Headlines
China will not seek to dominate; no one is in position to dictate us: Xi        Stopped earlier, four transwomen offer prayers at Sabarimala        India crash to 140 all out, Australia level series        Zaheer Khan Joins Mumbai Indians as Director of Cricket Operations        Indian national Hamid Ansari returns home after 6 yrs        Stalin proposes Rahul as next Prime Minister        Chief Minister Kamal Nath Waives Farm Loans, 2 Hours After Taking Oath        Pakistan releases Indian prisoner Hamid Nihal Ansari after 6 years        Philippines contestant Catriona Gray named Miss Universe        India vs Australia, 2nd Test: Visitors end Day 4 on 112/5, need 175 more runs to win        Mumbai: 5 dead, over 100 injured after massive fire breaks out at Andheri hospital        Prithvi Shaw ruled out of Australia Test series, Agarwal replaces him        Messi leads Barcelona to 5-0 win over Levante        Sri Lanka: Ranil Wickremesinghe takes oath as PM after SC verdict on crisis        Cambodia seizes record 3-tonne haul of African ivory        PV Sindhu scripts history, clinches maiden BWF Tour Finals title        Virat Kohli slams record-breaking 25th Test ton in Perth        Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        
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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)


Boosting exports key to make India $5-tn economy by 2025: Kant
Prabhu, US Commerce Secretary to discuss trade issues on Feb 14
Govt should consider 100% FDI in multi-brand retail trade: CII report
Shaktikanta Das named new RBI Governor
Sensex cracks over 550 pts; Nifty drops below 10,600
India's coal output up 10% to 156 MT during Apr-Nov
Prabhu links creativity & business opportunities to cheap beverages in Goa
31st GST Council to meet on Dec 22 in Delhi
Cabinet Approves Policy to Double Farm Exports to $60 Billion by 2022
RBI keeps key rates unchanged
NTPC wins 85 MW solar capacity in UP Govt tender
Maintain status on currency management, HC tells SBI
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New 2018 Maruti Suzuki Ertiga Launched In India, Prices Start At ? 7.44 lakh
Centre's New Move May Escalate Feud With RBI Ahead Of Board Meet: Report
Air India eyes Rs 800 cr from sale of over 70 properties
Intel India opens design house costing Rs 1,100 cr at B'luru
Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim  
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
INTERNATIONAL NEWS
China will not seek to dominate; no one is in position to dictate us: Xi
 (Beijing, Dec 19, 2018):Chinese President Xi Jinping on Tuesday vowed that his country will n
Pakistan releases Indian prisoner Hamid Nihal Ansari after 6 years
Philippines contestant Catriona Gray named Miss Universe
Sri Lanka: Ranil Wickremesinghe takes oath as PM after SC verdict on crisis
NATIONAL NEWS
Indian national Hamid Ansari returns home after 6 yrs
 (New Delhi,Dec 19,2018):Indian national Hamid Nehal Ansari, who was arrested eight years back
Stalin proposes Rahul as next Prime Minister
Mumbai: 5 dead, over 100 injured after massive fire breaks out at Andheri hospital
Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"
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