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‘Crime of the century’ also had Panama link?

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'Crime of the century' also had a Panama connection?Loading

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‘Crime of the century’ loot ma…

Panama Papers: Millions of leaked documents reveal how world’s rich and powerful hide their money

Mossack Fonesca, the law firm at the centre of a massive online “Panama Papers” leak, may have helped shield the cash from British police investigators, according to the International Consortium of Investigative Journalists (ICIJ).

Sixteen months after the robbery, Mossack Fonseca set up a shell company registered in Panama called Feberion Inc — on behalf of a London-based money launderer Gordon Parry — according to the ICIJ.

Parry was jailed in 1992 over his role in handling the bullion stolen in the heist.

Panama Papers: Jurgen Mossack and Ramón Fonseca – the lawyers whose firm is at the centre of global controversy

One of the law firm’s founders, Jurgen Mossack, was named as “nominee” director at Feberion, the ICIJ said citing an internal company memo it has obtained.

The memo, written by Mossack and dating from 1986, said he was aware that Feberion was “apparently involved in management of money from the famous theft from Brink’s-Mat in London,” the ICIJ report says.

“The company itself has not been used illegally, but it could be that the company invested money through bank accounts and properties that was illegitimately sourced,” the memo was quoted as saying.

The law firm denied the allegation, the ICIJ said in its report, adding the company said Jurgen Mossack had no dealings with Parry.

But the ICIJ leaks show the company only ended its relationship with Feberion in 1995.

The Panama Papers have whipped a storm of controversy over off-shore wealth, ensnaring political leaders, sports figures and underworld members across the globe in a snowballing scandal.

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