Panama grants bail to Mossack Fonseca founders

A Panamanian court has granted bail to the two founders of Mossack Fonseca, the law firm at the center of the Panama Papers scandal, in a case allegedly tied to a sprawling corruption scandal in Brazil.

Following their February arrest on charges of money laundering, Jurgen Mossack and Ramon Fonseca each paid $500,000 on Friday and will be set free later in the day, the attorney for the two lawyers, Guillermina McDonald, told Reuters.

Source: Reuters