Tax Authorities in Mexico to Investigate 33 People in 'Panama Papers' Leak Veronica Gomez - Reuters
go to original April 7, 2016

Panama Papers: Huge Leak Alleges Elites Hiding Money (Al Jazeera English)

Mexican authorities are investigating 33 people for possible tax evasion or financial crimes after the "Panama Papers" leak, tax chief Aristoteles Nunez said on Wednesday.

Nunez told Radio Formula that if their money came from legal means they would be forgiven if they pay their taxes, bring their money back to Mexico and invest in a business in Mexico for at least three years. He also said the tax authority had already been investigating 18 of the 33 before Sunday's media reports based on leaked documents.

Governments around the globe have started to investigate possible financial wrongdoing after 11.5 million documents from the Panamanian law firm Mossack Fonseca, nicknamed the "Panama Papers," were leaked to a German newspaper and reports were published in cooperation with the U.S.-based International Consortium of Investigative Journalists (ICIJ).

Mossack Fonseca's co-founder Ramon Fonseca said on Tuesday that it was an external data hack and filed a complaint with the state prosecutor's office. He said the firm had not broken any laws and all its operations were legal.

Read the rest at Today Online

Related: For Drug Cartels, Offshore Companies Are a Good Fix (McClatchy)

Related: Mexico, the Panama Papers and Tax Havens: Using Hypocrisy as a Shield (Mexico Voices)

Related: Panama Papers: 'El Chapo' Guzmán, Real 'Reina Del Sur' Marllory Chacón Involved in Scandal (Latin Times)

Related: Money-Laundering Case Puts Spotlight on Former President (Wink News)

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