The heads of the law firm at the centre of the Panama Papers scandal have been denied bail, following their arrests in Panama last week.
The two founders of Mossack Fonseca were detained following allegations they played a part in a Brazilian corruption scandal known as Lava Jato, which involved the laundering of hundreds of millions of dollars worth of political bribes.
Defence lawyers for Jürgen Mossack and Ramón Fonseca confirmed they will remain in custody. Two other employees of the firm, lawyer Edison Teano and legal director Sara Montenegro, are also believed to be under investigation.
Mr Fonseca’s lawyer, Elías Solano, dismissed evidence against his client as “weak”, according to a report in The Guardian. He said: “It does not seem too difficult to show the lack of foundation to these allegations.”
Mr Mossack’s lawyer Marlene Guerra told reporters he had been refused bail because “there is a risk of flight from the country, due …