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Panama Papers: Crime prosecutors raid Mossack Fonseca office

12:02 PM | 13 Apr, 2016
Panama Papers: Crime prosecutors raid Mossack Fonseca office
PANAMA (Staff Report) - A team of crime prosecutors has raided the office of Mossack Fonseca -the law firm allegedly involved in established of offshore companies published in Panama Papers leak- in Panama City and searched for documents inside different parts of the building.

A statement issued by the office of Panama Attorney General said that raid was conducted to obtain the documents linked to the information published in the media reports. It further added that authorities may also raid other offices of the law firm to collect evidences to frame legal charges against MF.

Related: Panama Papers: Massive leak alleges PM Nawaz, sons and daughter among world leaders who use tax havens to hide their wealth

Media reports said that raid team consisting around six crime prosecutors raided the offices and examined the documents without any hurdles created by the staff present at the office.

Following the raid Mossack Fonseca once again denied any wrongdoing -as suggested in media reports- saying that it only set up offshore companies for its clients and that it was not aware about the usage of the firms.

Related: Exposed By Panama Papers: List of Pakistani politicians, businessmen and judges who own offshore companies

In a separate development, the Mossack Fonseca has also approached Panama authorities for an investigation into the cyber attack and breach of company's sensitive data. It demanded the officials to take action over the intellectual theft.

Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers of Pakistan" has been published as a book in Germany. He has also translated David Mathews' book "The Ecology of Democracy" into Urdu. He tweets at @alimaan.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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