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Panama Papers: Authorities raid Mossack Fonseca law firm

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PANAMA CITY — Police have raided the headquarters of the Panamanian law firm whose leaked Panama Papers revealed how the world’s wealthy and powerful used offshore companies to stash assets.

Police with an organised crime unit carried out the raid at Mossack Fonseca “with no incident or interference”, prosecutors said in a statement, adding that searches would take place at the firm’s Panama City headquarters and its branches.

Police officers and patrol cars began gathering around the company’s building on Tuesday afternoon under the command of prosecutor Javier Caravallo, who specialises in organised crime and money laundering.

Mossack Fonseca, which specialises in setting up offshore companies, did not respond to requests for comment.

Earlier, founding partner Ramon Fonseca said the company had broken no laws, destroyed no documents, and all its operations were legal.

The Panama Papers, centred on a huge cache of documents pilfered digitally from the Mossack Fonseca, have had repercussions around the world.

Iceland’s Prime Minister was forced to resign after his name appeared as one of the beneficiaries of an offshore company.

Britain’s Prime Minister David Cameron has had to disclose his tax records.

Russian President Vladimir Putin has sought to divert attention from his entourage by claiming it is all a US plot against him.

China has been censoring online forums and media to try to prevent the names of relatives close to the leadership from circulating.

And wealthy citizens in Australia, France, India, Mexico, Peru, Spain and elsewhere face probes over suspected tax avoidance after their names figured in some of the 11.5 million documents.

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AFP

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Pakistan approves Mandarin as official language

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ISLAMABAD — The Pakistani Senate has approved a motion to declare Mandarin as one of the official languages of Pakistan on Monday.

Stating that the step was necessary in view of ties between Pakistan and China, the motion said the relationaship would further deepen between the two countries and help the people connected with the China Pakistan Economic Corridor communicate easily, AbbTakk News reported.

Pakistan’s Ambassador to the US Hussain Haqqani tweeted: “In a short span of 70 years, Pakistan has flirted with promoting four languages that were not the mother tongue of many people in the country – English, Urdu, Arabic, and now Chinese — ignoring native languages”

ALSO READ :  Panama Papers : Mossack Fonseca lawyer says company was hacked

Punjabi, which is widely spoken in Punjab province of Pakistan, Pashto and many other native languages have not been declared official languages of the country.

According to Dawn News, Pakistanis are more interested in learning the Chinese language than ever as they see the tides changing and expect that knowing Mandarin would mean more job opportunities in Pakistan and China.

With ANI Inputs

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