Panama Papers law firm Mossack Fonseca to close Jersey office

 
Hayley Kirton
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The law firm has conceded that the leak was partly behind the decision to close up shop on the island (Source: Getty)

Mossack Fonseca, the law firm at the heart of the Panama Paper's scandal, was reported to be closing its offices in Jersey today.

The BBC reported that the office closure is officially part of a wider restructuring project, which will also involving shutting its activities in the Isle of Man and Gibraltar, rather than being directly caused by the scandal. However, the firm has conceded that the leak influenced its decision to leave the tax haven.

Mossack Fonseca's Jersey office, which is believed to employ less than five people, declined to comment on the matter.

In April, a report by the International Consortium of Investigative Journalists (ICIJ) based on more than 11m documents from the Panama-headquartered law firm exposed the details of how the global elite were lowering their tax bills.

The report promoted several politicians to published their tax returns, including Prime Minister David Cameron, whose late father was named in the data leak.

Members of the public who fancy playing detective themselves can now access a searchable database of the leaked documents.

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