Trial underway for Panama Papers, a case that changed that country’s financial rules

(19 Apr 2024)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Mexico City, Mexico – 18 April 2024
1. SOUNDBITE (English) Alexis Triboulard, Videojournalist, The Associated Press:
“Eight years ago, 11 million secret financial documents were leaked revealing how some of — richest people hide their wealth.”

ASSOCIATED PRESS
ARCHIVE: Reykjavik, Iceland – 5 April 2016
2. Various of Iceland’s Prime Minister Sigmunder David Gunlaugsson entering Parliament to meet with his party

ASSOCIATED PRESS
Mexico City, Mexico – 18 April 2024
3. SOUNDBITE (English) Alexis Triboulard, Videojournalist, The Associated Press:
“The fallout from the leaks rippled around the world, leading to the resignation of the Prime Minister of Iceland and putting the then leaders of several other countries under the spotlight.”

JUDICIAL BRANCH OF THE REPUBLIC OF PANAMA
ARCHIVE: Panama City, Panama – 8 April 2024
++ GRAPHICS FROM SOURCE ++
4. Various of court hearing
5. SOUNDBITE (Spanish) Jürgen Mossack, Former Owner of Law Firm:
"I am not responsible for such acts."
6. Former owner of law firm Jürgen Mossack taking a seat

ASSOCIATED PRESS
Mexico City, Mexico – 18 April 2024
7. SOUNDBITE (English) Alexis Triboulard, Videojournalist, The Associated Press:
“Now, more than two dozen people from the law firm that helped set up the shell companies used to hide the real owners are on trial in Panama for alleged money laundering.”

ASSOCIATED PRESS
Panama City, Panama – 12 April 2016
8. Law firm employees leaving the office building

ASSOCIATED PRESS
Mexico City, Mexico – 18 April 2024
9. SOUNDBITE (English) Alexis Triboulard, Videojournalist, The Associated Press:
“According to Panamanian prosecutors, the Mossack Fonseca law firm and their associates created a web of offshore companies to hide money linked to ilegal activities in the “car wash” corruption scandal of the Brazilian construction company Odebrecht.”

ASSOCIATED PRESS
Panama City, Panama – 12 April 2016
10. Law firm employees leaving the office building
11. People inside law firm filmed through window

ASSOCIATED PRESS
Mexico City, Mexico – 18 April 2024
12. SOUNDBITE (English) Alexis Triboulard, Videojournalist, The Associated Press:
“The scandal tarnished Panama’s international reputation leading international financial institutions to demand measures to allow scrutiny of the banking and financial systems.”

ASSOCIATED PRESS
Panama City, Panama – 12 April 2016
13. Various of law firm employees leaving the office building
14. Policeman looking out from inside law firm

ASSOCIATED PRESS
Mexico City, Mexico – 18 April 2024
15. SOUNDBITE (English) Alexis Triboulard, Videojournalist, The Associated Press:
“Since then, the Panamanian government has made changes to make it possible to identify the owners of the corporations and their assets. The ongoing trial in Panama is expected to go on for several weeks more.”
STORYLINE:
Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles.

The repercussions of the leaks were far-ranging, prompting the resignation of the prime minister of Iceland and bringing scrutiny to the then-leaders of Argentina and Ukraine, Chinese politicians and Russian President Vladimir Putin, among others.

But those on trial now for alleged money laundering are principally the leaders and associates of the now defunct Panamanian boutique law firm that helped set up the shell companies used to obscure those really behind them.

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Author: admin