Panama papers firm outsourced dubious deals to India
NEW DELHI, INDIA — Mossack Fonseca, a law firm highly involved in the 2016 Panama Papers exposé, was revealed to be outsourcing its dubious financial activities to India-based accountant Mathew George.
According to The Indian Express, George swiftly began managing “third-party collections” for the now-infamous law firm.
India’s Enforcement Directorate also recently unearthed a list of 599 Mossack Fonseca clients. This list recorded multiple 2017 transactions routed through George’s four companies, connecting financial havens including Switzerland, the United States, Monaco, and Luxembourg.
Further inquiry spotlighted an outsourcing contract between George and Mossack Fonseca, dated July 6, 2016.
When asked about his connection to Mossack Fonseca, George said, “I am not denying my links to Mossack Fonseca and used to earn 1% commission for each inward and outward remittance.”
Considering the global scale of George’s operations, Indian authorities are likely to launch a transnational probe and inform relevant international financial and enforcement agencies about the case.
