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Thailand investigates 16 from leak of offshore accounts data Thailand investigates 16 from leak of offshore accounts data
(about 5 hours later)
BANGKOK — Authorities in Thailand are investigating 16 citizens with reported ties to offshore companies set up by a Panama-based law firm. BANGKOK — Authorities in Thailand said Friday they were investigating 16 citizens with reported ties to offshore companies set up by a Panama-based law firm.
The Anti-Money Laundering Office said Thai politicians and business figures were among those being investigated but did not name anyone at a news conference Friday. Thai politicians and business figures are among those being investigated by the country’s Anti-Money Laundering Office, but it did not name anyone at a news conference.
The agency’s secretary-general, Seehanat Prayoonrat, said the 16 people were listed as directors or shareholders for companies set up by Mossack Fonseca. Documents leaked from the firm and published worldwide showed it helped thousands of individuals and companies from around the world set up shell companies and offshore accounts in low-tax havens. The agency’s secretary-general, Seehanat Prayoonrat, said the 16 people were listed as directors or shareholders for companies set up by Mossack Fonseca. Leaked documents from the firm that have been published worldwide showed it helped thousands of individuals and companies from around the world set up shell companies and offshore accounts in low-tax havens. Such accounts are a favored tool to evade taxes, launder money or pay bribes, though they have legitimate uses as well.
Seehanat said AMLO was seeking confirmation on the names from authorities in Panama. Law firm co-founder Ramon Fonseca has said the only law broken so far was the right to his clients’ privacy.
Seehanat said AMLO was seeking confirmation on the Thai names from authorities in Panama.
The agency focuses on money laundering but said it will share its findings with tax, banking and stock market authorities.The agency focuses on money laundering but said it will share its findings with tax, banking and stock market authorities.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.