Wed | Jan 16, 2019

'Panama Papers' law firm announces it is closing down

Published:Friday | March 16, 2018 | 12:00 AM

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.

- AP