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PANAMA CITY: The state prosecutor’s office in Panama said Monday it will launch an investigation into revelations contained in a massive data leak of a law firm that created offshore companies for the world’s rich and powerful.

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“The facts described in national and international communication media publications under the term ‘Panama Papers’ will be the subject of criminal investigation,” the office said in a statement.

The probe will aim to establish what crimes might have taken place and who committed them, as well as identifying possible financial damages, it said.

The law firm involved, Mossack Fonseca, says the leak of 11.5 million documents from its servers was the result of a “limited hack,” suggesting it believed an outside party was responsible.

Read More: Panama to probe massive data leak

 

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