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  • The Panama Papers leaked 11.5 million documents of the Panamian law firm Mossack Fonseca.

    The Panama Papers leaked 11.5 million documents of the Panamian law firm Mossack Fonseca. | Photo: AFP

The Panamanian law firm at the center of the Panama Papers tax haven scandal argues that it's work is completely legal.

The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations.

"Every time there's something in the newspapers, the authorities announce they'll launch investigations,” Ramon Fonseca told Bild newspaper's Saturday edition. “We're fully cooperating but we haven't been contacted by anyone yet."

Fonseca also said the release of more than 11.5 million company emails was the result of hacking from a computer overseas rather than an inside job and that he knew which country the hacker attack had come from but was not allowed to disclose it. He had told Reuters on Tuesday the firm was a victim of a hack from outside.

Panama said on Wednesday that an independent commission would review the country's financial practices following the leak that has embarrassed a clutch of world leaders and forced Iceland's prime minister to resign.


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