<h1>Panama Papers Scandal Law Firm Shuts Down Amid Media Scrutiny and Financial Losses; Small Team to Remain Active.</h1> The law firm central to the Panama Papers scandal, which exposed global tax evasion, announced its closure due to negative media coverage and actions by authorities. The firm cited reputational damage and financial losses as key reasons for ceasing public operations, though a smaller team will continue handling requests. The Panama Papers, leaked in April 2016, revealed how global elites used offshore businesses to protect assets, leading to significant political fallout, including the resignation of Iceland's prime minister and the disqualification of Pakistan's prime minister. Other notable figures implicated included a former British premier and a famous football star.