Malcolm Turnbull, Australia's Prime Minister was included in the controversial Panama Papers, administered by Mossack Fonseca. He disavowed any misdeed and had no knowledge of any scandal pertaining to use of shell companies to make legal arrangement and dealings.
Mossack Fonseca, the law firm which become the center of Panama Papers controversy wrote a letter of apology to its Chinese banking client. The firm aimed to sustain its business in Asia after a leak of its financial data.
New York state’s financial regulator has told 13 foreign banks doing business there to hand over details about their dealings with a law firm in Panama that helped set up thousands of shell companies.
The group of journalists that coordinated the Panama Papers investigation into offshore companies refused to participate in a criminal probe by the U.S. Department of Justice.
