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Panama Papers: Court acquits all 28 charged with money laundering

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Jurgen Mossack was one of the main defendants in the Panama Papers case [BBC]

A Panamanian court has acquitted all 28 people charged with money laundering in connection with the Panama Papers scandal, concluding a trial that began in April.

The secret financial documents were leaked in 2016, revealing how some of the world’s richest and most powerful people use tax havens to hide their wealth.

Among those exonerated were Jurgen Mossack and the late Ramon Fonseca, founder of Mossack Fonseca, the defunct law firm at the centre of the scandal.

Judge Baloisa Marquinez said the evidence considered by the court was “not sufficient” to determine the criminal responsibility of the defendants.

During the trial, the prosecution sought the maximum sentence of 12 years for money laundering for both Mr Mossack and Mr Fonseca,who died in hospital in May.

Both Mr Mossack and Mr Fonseca denied they, their firm or their employees had acted illegally.

The trial, which took place in Panama City, lasted 85 hours, took testimony from 27 witnesses and considered over 50 pieces of documentary evidence, according to local news reports.

After an extended period of deliberation, the judge said evidence collected from Mossack Fonseca’s servers had not been gathered in line with due process and dropped all criminal charges against the defendants.

The biggest data leak in history, the Panama Papers, saw 11 million documents released to the German newspaper Sueddeutsche Zeitung and shared with an international team of journalists.

In 2017, Mossack Fonseca said the firm had been the victim of a computer hack and that the information leaked was being misrepresented.

Foreign Secretary David Cameron, Ukraine’s President Volodymyr Zelensky and Argentinian football star Lionel Messi were among those whose affairs came under scrutiny following the leak.

In total the data revealed links to 12 current or former heads of state and government, including dictators accused of embezzling money from their own countries.

[BBC]



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US had productive talks with Putin over Ukraine war, Trump says

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US President Donald Trump has praised talks held with Russian President Vladimir Putin on the US-proposed ceasefire deal in Ukraine as “good and productive”.

This comes after Putin and US envoy Steve Witkoff met in Moscow on Thursday evening, after which the Kremlin said it shared the US’s “cautious optimism” over a peace process.

Trump said in a Truth Social post that the talks provided “a very good chance that this horrible, bloody war can finally come to an end”.

Ukrainian President Volodymyr Zelensky, however, accused Putin of trying to drag out talks to continue the war, while Sir Keir Starmer said the Russian president could not be allowed to “play games” with ceasefire proposals.

Earlier this week, Ukraine accepted the US-proposed ceasefire deal, which Russia is yet to agree to.

On Thursday, Putin had said the idea of a ceasefire was “right and we support it… but there are nuances” and he set out a number of tough conditions for peace, a response branded “manipulative” by Zelensky.

Ukraine’s leader continued his criticism on Friday in a series of posts on X, writing: “Putin cannot exit this war because that would leave him with nothing.  “That is why he is now doing everything he can to sabotage diplomacy by setting extremely difficult and unacceptable conditions right from the start even before a ceasefire.”

He said Putin would “drag” everyone into “endless discussions… wasting days, weeks, and months on meaningless talks while his guns continue to kill people”.

“Every condition Putin puts forward is just an attempt to block any diplomacy. This is how Russia works. And we warned about this.”

UK PM Sir Keir said the Kremlin’s “complete disregard” for Trump’s ceasefire proposal demonstrated Putin was “not serious about peace”.

“If Russia finally comes to the table, then we must be ready to monitor a ceasefire to ensure it is a serious and enduring peace,” he said.  “If they don’t, then we need to strain every sinew to ramp up economic pressure on Russia to secure an end to this war.”

On Saturday, Sir Keir will host a video call with as many as 25 leaders to develop the peacekeeping mission proposed during a summit in London earlier this month.

The ‘coalition of the willing’ – as he called it – will work to deter future Russian aggression, should the US-proposed ceasefire come into effect.

In his social media posts on Friday, Zelensky “strongly” urged “everyone who can influence Russia, especially the United States, to take strong steps that can help”, because Putin would not stop the war on his own.

“Putin is lying about the real situation on the battlefield… the casualties” and “the true state of his economy”, he said, explaining that Putin was “doing everything possible to ensure that diplomacy fails”.

But the White House believes the two sides have “never been this close to peace”.

Talking to reporters, White House Press Secretary Karoline Leavitt maintained that the talks between Putin and Witkoff in Moscow on Thursday were “productive”.

She added Trump has been “putting pressure on Putin and the Russians to do the right thing”.

Trump’s social media post also “strongly requested” Putin should spare the lives of Ukrainian troops, whom he described as surrounded by Russian forces, adding it would be a “horrible massacre” not seen since World War Two.

His comments came after Putin said on Thursday that Ukrainian troops in Kursk had been “isolated” and were trying to leave, as Russia ramps up efforts to reclaim the region invaded by Ukraine last year.

But on Friday, Ukraine’s armed forces general staff denied the encirclement of its troops, calling it “false and fabricated”.

In a statement, it said operations were continuing, with Ukrainian troops having withdrawn and “successfully regrouped” to better defensive positions.

“There is no threat of encirclement of our units,” it said.

In response to Trump’s request, Putin said Ukrainian soldiers in Kursk would be treated with “dignity in line with the norms of international law and the laws of the Russian Federation” if they gave up arms and surrendered.

Meanwhile, G7 members have been meeting in Quebec, where host Canadian Foreign Minister Mélanie Joly said all the members agreed with the US proposal of a ceasefire that is supported by Ukrainians.

“And we are now studying and looking at Russian reactions, so ultimately the ball is now in Russia’s court when it comes to Ukraine.”

UK Foreign Secretary David Lammy, who was also at the meeting, said the members were united in calling for a ceasefire with “no conditions”.

Following the meeting, US Secretary of State Marco Rubio said the US would not make foreign policy decisions based on what leaders said on social media or at a news conference, and stressed the “only way to end this war is through a process of negotiations”.

[BBC]

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2024 Grade 5 Scholarship Examination cut-off marks released

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The cut-off marks for the admission of students to Grade 06 of the schools based on the results of the 2024 Grade 5 Scholarship Examination have been released by the Ministry of Education and can be viewed by clicking on the following link.

https://g6application.moe.gov.lk/

 

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President focuses on streamlining, integrating and developing the manufacturing sector for greater efficiency

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A meeting between President Anura Kumara Disanayake and officials of the Ministry of Industry and Entrepreneurship Development was held today (14) at the Presidential Secretariat.

Discussions focused on enhancing the efficiency, integration and development of the manufacturing sector to strengthen the national economy, as well as addressing the challenges associated with these efforts.

Key topics included government-led initial investments and proper regulation to empower small and medium-scale entrepreneurs, the establishment of local small-scale industries within investment zones and challenges related to business loans faced by small and medium-scale enterprises.

The President directed officials to expedite the release of lands allocated to the Ministry of Industry that have not been released so far.

Further discussions were held on maintaining and regulating import restrictions to strengthen local industries, prioritizing local suppliers in construction industry procurement and resolving issues in the gem and jewellery sector to ensure its full contribution to the national economy.

The President also instructed officials to swiftly implement tax exemptions for tourists to boost the gem and jewelry industry.

Minister of Industry and Entrepreneurship Development Sunil Handunnetti, Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Industry and Entrepreneurship Development Thilaka Jayasundara and several other ministry officials attended the meeting.

[PMD]

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