According to the latest report, the offices of Panama-based law firm Mossack Fonseca were raided late Tuesday by crime prosecutors, who searched for evidence of money laundering and illegal activities.

Panama prosecutor Javier Caravallo ordered police to search for evidence that "would establish the possible use of the firm for illicit activities," according to Reuters.

The Panama Papers leak, the biggest such canary leak in history involving 11.5 million documents, has put several world leaders under the scanner, including British PM David Cameron and Chinese President Xi Jinping, and even forced Iceland's PM to step down. 

Fonseca’s founding partner Ramon Fonseca had claimed past week that the firm had been hacked by an outsider.

"The only crime that has been proven is the hack. No one is talking about that. That is the story," Fonseca had said.