Panama Papers law firm partners get bail

Panama Papers law firm partners get bail: HumSub.TV

Panama Papers law firm partners get bail: HumSub.TV: Panama City, Panama: The partners of the law firm at the heart of the Panama Papers scandal were given bail Friday pending further legal action over allegations they helped launder money related to a huge Brazilian bribery case.

Juergen Mossack and Ramon Fonseca were freed on bail of $500,000 each, their lawyer, Marlene Guerra, told AFP.

They had been detained since February 9 in relation to an investigation over the money-laundering allegations tied to the bribery affair in Brazil, known as the “Car Wash” case.

That had to do with kickbacks to Brazilian politicians paid by big Brazilian companies, among them construction giant Odebrecht, which has admitted to paying nearly $800 million in bribes to government officials and political parties to win public contracts on three continents.

That matter was not directly related to the Panama Papers affair, which involved a massive data leak from the Mossack Fonseca law firm that revealed the secretive offshore entities used by many of the world’s wealthy to stash assets. Some of the offshore companies were used to evade taxes and launder money.

Mossack and Fonseca have been accused of running a “criminal organization” permitting the laundering of assets related to “Car Wash.”

Mossack Fonseca’s representative in Brazil, Maria Mercedes Riano, is being detained in Panama. Brazilian prosecutors suspect she helped create offshore companies to facilitate bribe payments.

While Mossack Fonseca claim its Brazilian subsidiary acted with autonomy, Riano’s lawyers argue that she was only following orders from headquarters in Panama.

Last week, Ramon Fonseca told AFP he considered himself a “political prisoner” and accused Panamanian prosecutors of psychological torture in a bid to coerce incriminating statements about “Car Wash.”

He also said prosecutors were subjecting Riano to psychological pressure “so she testifies against us.”

Until the Panama Papers scandal blew up, Fonseca was a close friend and adviser to Panamanian President Juan Carlos Varela.

Panama Papers law firm partners get bail: HumSub.TV

About HumSub TV
Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.

HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.

Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.

Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.

HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.

HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.

Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.

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