'Panama Papers' law firm announces that it is closing down


Save Story

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PANAMA CITY (AP) — The Panamanian law firm whose more than 11 million leaked documents known as the "Panama Papers" shed light on how the world's wealthy exploit financial secrecy to hide assets says it is closing at the end of March.

The data breach from the Mossack-Fonseca firm was published by an international consortium of journalists and shook the ranks of the rich and powerful.

The firm's Wednesday statement says that at one time it had offices in 40 countries and some 600 employees. But after the 2016 publication of so many secrets it has closed offices and pared its staff to about 50.

The International Consortium of Investigative Journalists shared the 2017 Pulitzer Prize for explanatory reporting with McClatchy and the Miami Herald for their reporting on the Panama Papers.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press
    KSL.com Beyond Series
    KSL.com Beyond Business

    KSL Weather Forecast

    KSL Weather Forecast
    Play button