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In a statement that will certainly be regarded as shameful, the attorney represented the imprisoned law partners of Mossack and Fonseca has asserted that funds found in MF accounts that were bribe money in the "Cash Wash" scandal of Odebrecht, were "administrative fees." How millions of dollars, where were obviously bribe payments, meant to insure that the Brazilian constructions company obtained huge governmental contracts in Panama, are fees is an insult to the intelligence of Panamanians.
The court continues to refuse to release Mossack, Fonseca, and MF partner Edison Teano, on bail, finding that they are flights risks, and pose a danger of destroying additional evidence, as they have done in the past. Money laundering charges are filed and pending, but the investigation is continuing.
Chronicles of Monte Friesner - Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Analyst
