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Panama papers firm closes down

The law firm with offices in Douglas which sparked the Panama Papers is to close down.

Mossack Fonseca had premises on Hill Street until it closed them in 2016 following outcry over the leaked documents.

Now, the company says the affair and the fallout from regulators afterwards means it has little choice but to shut up shop.

Mossack Fonseca says the rest of its business will close at the end of this month.

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