Defendant blows whistle on Mossack Fonseca

One of the four members of Panama’s Mossack Fonseca law firm  facing money laundering charges,  has revealed to details of the firm’s role in the Brazilian Petrobras bribery scandal and its use of shell companies to move funds through different jurisdictions.

Maria Mercedes Riaño has told prosecutors details about the firm’s operations that included shielding bribes paid to Brazilian politicians in exchange for contracts from state­owned oil company Petrobras.

Source: Newsroom Panama