Connect with us

World

Panama Papers : Mossack Fonseca lawyer says company was hacked

Gorkha Post

Published

on

PANAMA CITY — The Panamanian lawyer at the centre of a data leak scandal that has embarrassed a clutch of world leaders says his firm is a victim of a hack from outside the company, and has filed a complaint with state prosecutors.

Founding partner Ramon Fonseca said his firm Mossack Fonseca, which specialises in setting up offshore companies, had broken no laws and that all its operations were legal.

He said it never destroyed any documents or helped anyone evade taxes or launder money.

Governments across the world have begun investigating possible financial wrongdoing by the rich and powerful after the leak of more than 11.5 million documents, dubbed the “Panama Papers”.

Company emails, extracts of which were published in an investigation by the US-based International Consortium of Investigative Journalists and others including the ABC’s Four Corners, were “taken out of context” and misinterpreted, Mr Fonseca said.

“We rule out an inside job. This is not a leak. This is a hack,” Mr Fonseca said at the company’s headquarters in Panama City’s business district.

“We have a theory and we are following it. We have already made the relevant complaints to the Attorney-General’s office, and there is a government institution studying the issue.”

Mr Fonseca described this week’s media storm as a “witch hunt” and said emails had been taken out of context.

He lamented what he called journalistic activism and sensationalism, extolling his own investigative research credentials as a published novelist in Panama.

He said he feared that his rivals could muscle in on their business following the leak.

ALSO READ :  All 3 billion Yahoo accounts hacked in 2013 attack

“The only crime that has been proven is the hack,” Mr Fonseca said.

“No-one is talking about that. That is the story.I guarantee you that we will not be found guilty of anything.”

He said his company had a staff of around 500, 300 of which work in Panama, but declined to comment on his law firm’s structure or franchises in other parts of the world.

Setting up a company might cost between about $700 and $1,000, he said, with a significant part of that fee going to the Government. Mossack Fonseca has set up around 250,000 businesses over the past 40 years.

He said business rules had tightened and that his company had adhered to them.

“Fifteen years ago, due diligence didn’t exist and they are judging us by other standards,” Mr Fonseca said.

The Panama Papers have revealed financial arrangements of prominent figures, including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain and Pakistan and Chinese President Xi Jinping, and the President of Ukraine.

Reuters

Continue Reading

World

Over 70% of deep-sea fish of Atlantic Ocean have ingested plastic : Study

Gorkha Post

Published

on

Fragments of plastic are found throughout the world, from nearly every continent to nearly every body of water. But, researchers recently have found 73 percent of Northwest Atlantic deep-sea fish are also eating it — the highest reported frequency of plastic-eating fish in the world.

Plastic particles were found in some of the most remote parts of the Atlantic Ocean with almost three quarters of a sample of more than 230 deep-water fish collected by NUI Galway scientists having ingested plastic particles.

The contamination level among the fish species, located in the northwest Atlantic thousands of kilometres from land and 600m down in the ocean, is one of the highest reported frequencies of microplastic occurrence in fish worldwide, according to the study published in the journal Frontiers in Marine Science.

The NUIG scientists, as part of the study, participated in a transatlantic crossing onboard the marine institute’s Celtic Explorer vessel.

ALSO READ :  Zuckerberg's Pinterest and Twitter accounts hacked

PhD candidate and lead author Alina Wieczorek said, “Deep-water fish migrate to the surface at night to feed on plankton [microscopic animals] and this is likely when they are exposed to the microplastics.”

During this research cruise they took dead deep-sea fish from midwater trawls such as the spotted lanternfish, rakery beaconlamp, stout saw-palate and scaly dragonfish.

Microplastics are small plastic fragments that commonly originate from the breakdown of larger plastic items entering the ocean. Other sources may be waste water effluents carrying plastic fibres from clothing and microbeads from personal care products. Due to their low density, most of these microplastics float at the sea surface.

The fish ranged in size from the smallest species the Glacier Lantern at 3.5cm to the largest species, the stout saw-palate at 59cm.

Agencies

Continue Reading
Advertisement Cheap Air fare and package tours!

LATEST TWEET

Classifieds

Posted 2 months ago

We have latest collections of designer sarees. Contact for wholesale or retails prices. We also deliver all types of fashion collections for men and women.

 Fashion & Clothings /  Kathmandu / 87 views

NPR 2,999.00

Posted 2 months ago

Remember us for all travel related services : Hotel booking ( Globally) Vehicle reservation Flight Ticket( Domestic/International) Tour packages Train ticket reservation Hiking and Trekking

 Travel & Tours /  Kathmandu / 82 views

NPR 2,000.00

Search Listings

TOP PICKS