- Arrests were related to Brazilian bribery scandal
- Ramón Fonseca and Jürgen Mossack both say they are innocent
Ramón Fonseca and Jürgen Mossack both face charges of money laundering after authorities raided the firm’s Panama City headquarters last Thursday. The investigation of the firm and subsequent raid were related to “Operation Car Wash,” an investigation into a sprawling Brazilian bribery scandal.
“In short: Money from bribes circulate through various places to return laundered to Panama,” she said.
“In the more than ten months since the beginning of this investigation, caused by a suspiciously unreported crime committed against our firm, they have not presented a single piece of evidence that shows us guilty,” he continued.
Connection to Panama Papers
At the time, Mossack and Fonseca claimed they had done nothing illegal.
“The facts are these: while we may have been the victim of a data breach, nothing we’ve seen in this illegally obtained cache of documents suggests we’ve done anything illegal,” a statement provided to CNN at the time said.