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Panama Papers firm pushes for prosecution

The law firm at the centre of the "Panama Papers" scandal said on Thursday it expected the prosecution of a worker from its Geneva office detained on suspicion of stealing company documents.

Panama Papers firm pushes for prosecution
A company worker in Geneva has been detained. Photo: AFP

Mossack Fonseca said in a statement from its Panama headquarters that it had lodged complaints in several jurisdictions against people believed to be “involved in the theft of information that occurred in our company”.

That referred to the leak last year of a massive number of documents covering nearly four decades of business by the law firm, which specializes in setting up and managing offshore companies.

Reports based on the purloined documents resulted in the “Panama Papers”: revelations of how many leaders, politicians, celebrities and a few criminals around the world used entities started by Mossack Fonseca to stash assets.

Though offshore companies are not in themselves illegal, they can be used to engage in illegal activities such as tax evasion or money laundering.

Mossack Fonseca said in its statement it was “fully confident” that authorities in the various countries would “see through the corresponding (legal) processes in a transparent and effective manner”.

On Wednesday, Swiss authorities announced that an information technology employee for the law firm working in its Geneva office had been placed in provisional detention on suspicion of stealing confidential documents.

The spokesman for the Geneva's prosecutor's office, Henri Della Casa, told AFP that “a criminal case has been opened… following a complaint by Mossack Fonseca”.

He declined to comment on whether an arrest had been made.

News of the detention was first given by the Swiss newspaper Le Temps, which said it had no information on whether the arrested individual was the so-called “John Doe” who has claimed credit for the unprecedented “Panama Papers” leak.

Mossack Fonseca said in April that the leak was the result of a hack that came from foreign servers.

For members

MONEY

Can I get financial help in Switzerland if I’m struggling to pay the bills?

Can foreign residents who are struggling to get by receive the same financial help from the state as the Swiss do, and under what circumstances?

Can I get financial help in Switzerland if I'm struggling to pay the bills?

Say you are a foreign resident in Switzerland and find yourself short of funds, and are unable to pay your monthly bills.

Can you count on your canton’s public coffers to help you out?

Much depends on your status in the country.

If you have a residency permit, have been working in Switzerland and contributing to the social security scheme, then you can receive financial assistance, in form of subsidies, from your local authority.

This is how it works

For instance, if the obligatory health insurance premiums exceed 8 percent of the household income, then you are eligible to receive this help.

However, your canton of residence will look not only at your earnings, but at any other financial assets you hold as well.

So if your income is low but you have plenty of money in the bank in the form of savings or other investments, you will not qualify.

Generally speaking, any resident who is a low earner or has a large number of children — regardless of nationality — could be eligible for subsidised premiums, though criteria, as well as amounts, vary from one canton to another.

READ ALSO : How do I apply for healthcare benefits in Switzerland? 

What about housing?

Low-earners (again, regardless of nationality) are entitled to have their rents subsidised, under certain circumstances — the conditions as well as the income threshold is determined by cantonal authorities.

Generally speaking, in order to claim this help, you must prove that you live in the cheapest available housing in your area. (Needless to say, if you reside in a luxury apartment, you can’t ask for rent subsidy.)

If you don’t fulfill this particular condition, you will be told to move to cheaper accommodations before claiming any benefits.

Exceptions to this rule include situations such as a large number of minor children living in the household, which may make relocation — that is, finding a sizeable apartment at a cheaper price — unrealistic.

The amount of rent reduction will be set by the authorities.

Is any other help available?

If you can’t afford anything in Switzerland which, admittedly, is an extreme and rare situation for anyone working full-time and already receiving either health insurance or housing subsidy (or both), then your only other option is applying for welfare.

This, however, should be the absolute last resort if you want to remain in Switzerland and eventually apply for naturalisation, or even have your work permit renewed.

That’s because being on public assistance is grounds for refusal of citizenship — unless all the money is repaid in full in advance of your application.

READ ALSO: Can I still get Swiss citizenship after claiming social benefits? 

What about disabilities?

This falls under the general social security scheme, so if you are working in Switzerland, then you are eligible to receive these benefits.

The only exception may be people from outside the EU /EFTA — unless your country of origin has concluded a social security agreement with Switzerland.

This link provides additional information about these countries.

If you qualify for disability (and medical records confirm this), you can apply for these benefits at the social security office of your canton.

There are some other things you should keep in mind as well:

Not all foreigners who have a residency permit can apply for financial assistance.

If you came to Switzerland on a temporary permit (L or B), then you don’t have access to any benefits.

And if you ‘bought’ your Swiss residency, you can’t resort to any public help either.

The condition of your stay in Switzerland is that you should be self-sufficient enough to live here without having to work or resort to welfare benefits.

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