Big Panama law firm implicated in 'Pandora Papers' revelationsPanama has expressed concern over possible further damage to the country's reputation from the new leak following the fallout from the 'Panama Papers' in 2016. PANAMA CITY: A prestigious Panamanian law firm was named in the so-called "Pandora Papers" as implicated in the creation of offshore shell companies meant to hide money in tax havens for more than 160 politicians and public figures. "Alcogal rejects the conjecture, inaccuracies and falsehoods in the papers," the firm said, offering to work with authorities to investigate any irregularities. The revelations from the Pandora Papers could further damage Panama's reputation, after the Central American country's image already took a hit in a previous round of financial scandal reporting known as the "Panama Papers" five years ago. "The damage could be insurmountable," the Panamanian government said in the letter, sent through a law firm to the ICIJ.

Source: Bangkok Post October 04, 2021 05:37 UTC