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It is not unusual for businesses to legally avoid paying tax on their profits by making their investments from companies in tax havens.

The investigation revealed that six of Sheinbaum’s family members, including her mother, hid millions in offshore tax havens.

They also highlighted how tax havens like Panama and the British Virgin Islands were used by the rich and powerful to allegedly hide their wealth and avoid tax.

The trial had initially been seen as a showcase for Francis’ reforms and his willingness to crack down on alleged financial misdeeds in the Vatican, which long had a reputation as an offshore tax haven.

They accused her of using an offshore company based in a tax haven to avoid paying the tax.