Panama Papers Exposure A ’CRIME Says Law Firm

PANAMA CITY: The adumbration of the "Panama Papers" account the off-shore banking structures of
abounding affluent audience is a "crime" and an "attack" on Panama, the law close at the affection of the aspersion said Sunday.

"This is a crime, a felony," Ramon Fonseca, one of the founders of the Panamanian close Mossack Fonseca, told AFP.

"Privacy is a axiological animal appropriate that is getting breakable added and added in the avant-garde world. Each being has a appropriate to privacy, whether they are a baron or a beggar," he said.

Fonseca aswell said he saw the abstracts aperture abaft the revelations as "an advance on Panama, because assertive countries don't like it that we are so aggressive in alluring companies."

The aperture from Mossack Fonseca's allegedly defended abstracts centermost resulted in media about the apple publishing belief on how affluent politicians, celebrities and others acclimated it to allegedly adumbrate assets to abstain taxes or acquit money.

Fonseca, who was an adviser to Panama's President Juan Carlos Varela until endure month, declared the beat of the abstracts as a "limited hack."

There was as yet no doubtable in the leak, he added, and he beneath to brainstorm on any until affidavit emerged.

He fatigued to AFP that Mossack Fonseca, which has been operating for about four decades and had created added than 240,000 companies, had never been "convicted or accused or any wrongdoing."

He aswell accent that "we accept no albatross in how these companies were used," because the firm's role was as an intermediary.

"As we accept so abounding companies, some accept problems -- that's normal," he said. "But we are not amenable for them."