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28 accused in 'Panama Papers' case acquitted

PANAMA CITY — A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers, including the co-founder of a law firm that authorities say was at the center of a conspiracy to hide money linked to illegal activities.

Jürgen Mossack founded Mossack & Fonseca with then associate Ramón Fonseca, who died in May. Mossack was acquitted on Friday (Saturday in Manila) along with others after a Panamanian judge found that the evidence against Mossack didn't comply with the chain of custody after authorities raided the office of the now-defunct firm.

Juergen Mossack, partner of the law firm Mossack-Fonseca, leaves the Supreme Court during the trial of the "Panama Papers’ money laundering case in Panama City, April 8, 2024. On June 28, a Panamanian judge acquitted Mossack and 27 other people who were accused of money laundering in the notorious Panama Papers case. AP PHOTO