Panama Papers: IT expert Mossack Fonseca arrested in Geneva

9 years ago - Published in Finance, Fundamental Analysis

An IT employee of the Geneva branch of Mossack Fonseca, the Panamanian company that deals with the creation of offshore companies, was arrested on charges of removing large amounts of data.
The Swiss daily Le Temps reported the news, adding that the man for several days was placed in custody on suspicion of embezzling recently a large amount of confidential documents.

It's too early to determine whether the man arrested is actually "John Doe", the mysterious head of the flight of unprecedented documents (2.6 terabytes of data) the origin of the Panama Papers
The media outlet also claimed that the prosecutor in Geneva had confirmed the start of the procedure "following a complaint lodged by the same Mossack Fonseca".