28 folks concerned within the Panama Papers scandal acquitted by a Panamanian court docket | EUROtoday

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HEight years after the revelation of the Panama Papers affair, a Panamanian court docket acquitted, for lack of enough proof, 28 folks accused of cash laundering and tax evasion, CNN revealed on Saturday June 29.

At the top of a trial which lasted 85 hours, the Panamanian justice system subsequently determined to elevate all precautionary measures taken towards the accused, whose names haven’t been revealed. READ ALSO The Panama Papers Explained in One Minute

In an announcement, the choose defined that the proof collected within the case had not complied with the procedural guidelines in pressure. According to the court docket, the proof “did not respect the chain of custody”, thus casting doubt on “its authenticity and integrity”.

The influence of the scandal nonetheless “persists”

The Panama Papers affair dates again to 2016. At the time, greater than 11 million paperwork have been examined by a global consortium of investigative journalists (CIJI), which incorporates Radio France and The world.

Twelve heads of state, 130 politicians and plenty of different media personalities have been involved by this tax evasion scandal, together with Vladimir Putin, David Cameron, Xi Jinping's brother-in-law, Jackie Chan, Lionel Messi and even the president of FIFA. They are accused of getting benefited from offshore corporations created in tax havens.READ ALSO Offshore investments: what the Panama and Paradise Papers dropped at the tax authorities

ICJI Executive Director Gerard Ryle advised CNN that “while the court did not hold these defendants accountable, the lasting impact of our investigation remains.” He added: “By revealing hidden truths, as we did in the Panama Papers, we give the public the information they need to demand accountability and push for reforms.”