The Latest: El Salvador raids offices in Panama Papers case

LONDON — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):

12:40 a.m.

Police in El Salvador have raided the local offices of the Panama-based company targeted in a data leak known as “the Panama Papers.”

Prosecutors said Friday they were looking for evidence of Salvadoran citizens who opened accounts through the Mossack Fonseca law firm.

The data leak revealed the ties of rich and influential people around the world to secretive financial accounts and shell companies in low-tax havens used to hide wealth.

El Salvador’s head prosecutor said officials decided to act after hearing that the company’s sign was being taken down from the offices Thursday night. Douglas Melendez said prosecutors found “few documents” during the raid.

Melendez said “we have found a lot of computers and servers,” and about a half-dozen employees, who are being questioned.


7:12 p.m.

French president Francois Hollande has spoken with his Panamanian counterpart Juan Carlos Varela to explain why his country was put back on a list of non-cooperative countries.

The president’s press office said in a statement that Hollande also encouraged Panama to answer requests for information issued by French tax authorities.

Hollande confirmed that France has convened a meeting of OECD experts to be held next week to explore possibilities of cooperation between fiscal administrations in the wake of the so-called Panama Papers revelations.


Read on.

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