German investigators in possession of Panama Papers, aim to prosecute tax cheats

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The German government stepped up its efforts to tackle organized crime and tax evasion by buying the so-called Panama Papers, a trove of documents stolen from the Panamanian law firm Mossack Fonseca implicating individuals stashing their wealth in offshore tax havens.

Germany’s Federal Criminal Police Agency (BKA) spent 5 million euros ($5.7 million) to purchase the Panama Papers documents as part of its bid to track down German-based tax cheats.

“These data are being looked into and evaluated with Hesse state’s tax authorities to pursue criminal and fiscal offenses,” the BKA said in a joint statement with Hesse’s finance ministry and the Frankfurt public prosecutor’s office.

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