1/3rd of Panama firm's biz from China: Reports
Nearly a third of the business of Mossack Fonseca, the law firm involved with the "Panama Papers" issue, came from its offices in Hong Kong and China, media reports on Thursday said. According to the International Consortium of Investigative Journalists (ICIJ), over 16,300 of the firm’s active shell companies were incorporated through its Hong Kong and China offices.