Police have raided the headquarters of Mossack Fonseca whose leaked documents have unleashed a global scandal over how the world's elite use offshore companies to hide their wealth.
Panama has broken links with Taiwan and established formal relations with China. The communist state is the second-biggest client of the Panama Canal.
Germany's federal investigators have paid up to 5 million euros for the trove of documents at the center of the so-called Panama Papers leak. While controversial, the purchase of stolen bank data is legal.
The two founding partners of the Panama law firm Mossack Fonseca have been granted bail. Jürgen Mossack and Ramon Fonseca were arrested in February as part of a separate probe involving widespread corruption in Brazil.
Malta's prime minister has called early elections following allegations that his wife holds secret offshore accounts in Panama. Joseph Muscat denies the accusations.
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