Prosecutors seek 12-year sentences for 'Panama Papers' accused

The prosecution sought 12-year prison sentences Wednesday for the founders of a now-defunct law firm at the center of the so-called “Panama Papers” tax evasion scandal.

Jurgen Mossack and Ramon Fonseca stand accused of money laundering in a trial that opened against them and more than two dozen others, mainly former employees, in a court in Panama City last week.