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AFP News

SHOCKING: Panama papers trial to begin eight years after tax scandal | Mind Blowing Facts

The law firm at the center of the Panama Papers scandal, Mossack Fonseca, announced its closure in 2018 due to 'irreparable damage' to its reputation (Credit: AFP)

Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies.

The 2016 revelations rocked governments, exposed high-profile personalities, triggered scores of investigations around the world and dealt a blow to Panama's reputation as an offshore financial hub.

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