Arrest Warrants Issued for German Founders of Law Firm Mossack Fonseca

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Arrest Warrants Issued for German Founders of Law Firm Mossack Fonseca

A spokesman for the public prosecutor’s office in Cologne, Germany, confirmed the existence of two international detention orders without specifying who, however German newspaper Süddeutsche Zeitung confirmed it was Jürgen Mossack and ‎Ramón Fonseca, the founders of the Panamanian law firm Mossack Fonseca.

According to Süddeutsche Zeitung , German authorities hope that Mossack, who has a family in Germany, will voluntarily face a lawsuit and that, as part of a settlement and because of his age (72 years), he will be able to avoid a longer sentence.

The newspaper estimates that it may also be able to escape criminal prosecution in the US, since if Mossack is tried in Germany, the American authorities would probably not try him again on the same crimes.

German authorities apparently have gathered enough evidence to issue arrest warrants against the founders of the Panama company. However, they recall that the German justice system, in principle, will have difficulty in detaining if they do not surrender voluntarily, since both Mossack and Fonseca have passports from Panama and this country does not extradite its citizens.