Panama Papers: Mossack Fonseca files seized without arrests

Panamanian authorities seized scores of digital files after a 27-hour raid on the offices of Mossack Fonseca, but officials said that no one was arrested. The government said it was seeking evidence of any illegal activities at the firm.

Javier Caraballo, the prosecutor in charge of the raid, said officials now had access to 100 "virtual servers" and some physical servers that hold the company's records, and were working on analysing them. "We have not ordered a freezing of accounts for the moment," he told reporters, nor detained anyone. "At the moment, we do not have any convincing elements that would allow us to make any decision."

The firm declared after the raid that "As we've always done over nearly 40 years of doing business, we stand ready, willing and eager to cooperate with authorities again on their latest investigations to ensure this situation is brought to a just conclusion."