13 April 2016 07:38 pm Views - 6153
The Panama-based law firm is at the center of the "Panama Papers" leaks scandal that has embarrassed several world leaders and shone a spotlight on the shadowy world of offshore companies.
According to the Reuters, the national police has said they were searching for documentation that "would establish the possible use of the firm for illicit activities." The firm has been accused of tax evasion and fraud.
Police officers and patrol cars began gathering around the company's building in the afternoon under the command of prosecutor Javier Caravallo, who specializes in organized crime and money laundering.
Mossack Fonseca, which specializes in setting up offshore companies, had not respond to requests for comment on Tuesday.
Earlier, founding partner Ramon Fonseca said the company had broken no laws, destroyed no documents, and all its operations were legal.
Governments across the world have begun investigating possible financial wrongdoing by the rich and powerful after the leak of more than 11.5 million documents, dubbed the Panama Papers, from the law firm that span four decades.
The papers have revealed financial arrangements of prominent figures, including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain and Pakistan and of China's President Xi Jinping, and the president of Ukraine.
The Panama Papers revealed that three Sri Lankan companies and 22 other Sri Lankan shareholders had also committed alleged financial wrongdoings.