Swiss authorities have seized 57 million pounds worth of luxury cars in connection with the Panama Papers scandal. The vehicles, including Ferraris, Lamborghinis, and Porsches, were confiscated during raids on properties linked to a network of offshore companies.
The operation targeted individuals suspected of using the Panama-based law firm Mossack Fonseca to hide assets and evade taxes. Swiss prosecutors confirmed that the seized cars are part of a broader investigation into money laundering and tax evasion.
The Panama Papers, leaked in 2016, exposed how wealthy individuals and corporations used offshore accounts to conceal wealth. This latest seizure highlights ongoing efforts by international authorities to recover assets linked to the scandal.
Swiss officials stated that the investigation is ongoing and further seizures are expected. The cars will be auctioned off, with proceeds going to the Swiss state.
