Wednesday, January 25, 2017

PANAMA SUSPENDS INVESTIGATION INTO MOSSACK FONSECA


The Attorney General of Panama, Kenia Porcell, has suspended the ongoing investigation into criminal conduct at the law firm of Mossack and Fonseca, whose files formed the basis for the infamous Panama Papers, which exposed rampant tax evasion, money laundering, and corrupt activities of hundreds of corrupt government figures, and tax-cheating businessmen, and who allegedly enabled crime on a global scale.

Although it has been nearly a year since the scandal broke, Panama has timidly initiated an investigation into the law firm which have given the offshore tax haven industry a permanent black eye, and now attorneys claiming that Mossack Fonseca's Constitutional rights were violated, have forced the suspension of the investigation, until the Supreme Court of Justice can rule on the matter. What on earth were the prosecutors doing all these months ?  The answer: taking bribes to slow pedal the case, no doubt about it.

Panama's total lack of any legal action against Mossack Fonseca, notwithstanding that their guilt has been established beyond a reasonable doubt, by their own documents and files, is but additional proof of a totally dysfunctional court system, so rotted by corruption, that nothing in the way of true reform will ever be accomplished.

If Mossack Fonseca can escape justice in Panama, then the system is completely broken. Will the last honest lawyer leaving Panama, please turn out the lights ?

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