The data leaked from the Panama-based law firm Mossack Fonseca was reported on this week by an worldwide group of media companies with the coordination of the Washington-based global Consortium of Investigative Journalists.
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Cameron’s late father, Ian, was among the tens of thousands of people named the leaked documents from Mossack Fonseca.
“I own no shares, no offshore trusts, no offshore funds, nothing like that”.
Legal firm Mossack Fonseca listed these firms, many of which are shell companies used by their stakeholders as a means of avoiding taxes and duties. “The only crime that has been proven is the hack”, he said.
Credit Suisse chief executive Tidjane Thiam said Tuesday the bank would only endorse “legitimate” offshore arrangements.
Three children of Pakistani Prime Minister Nawaz Sharif have also been shown to own London real estate through offshore companies administered by Mossack Fonseca.
In China, online censors have been restricting search results and discussions on social media involving the terms “Panama Papers” and “Panama”.
Xi’s brother-in-law and family members of two current members of the Politburo Standing Committee, Zhang Gaoli and Liu Yunshan, have offshore holdings, ICIJ reported.
But the United Kingdom, France, Australia and Mexico have vowed investigations for possible tax evasion.
The source is an individual “who claimed to be basically concerned about what he or she saw in the documents”, Gerard Ryle, director of the ICIJ, told CNN on Monday.
It provides data on the financial activities of more than 120 other politicians and public officials from different countries.
Officials and public figures affected by the reports have been responding in different ways.
The Kremlin has dismissed the allegations as “a series of fibs” aimed at discrediting Putin ahead of elections.
Shell companies aren’t in themselves illegal.
The law firm at the heart of explosive revelations about Panama-based offshore financial dealings had clients including drug barons and entities targeted by worldwide sanctions, a report Wednesday indicated.
– Aides to French far-right leader Marine Le Pen put in place a “sophisticated offshore system” to hide money, according to Le Monde paper.
When you get your first offshore account, you know you’ve hit the big time. “There is absolutely nothing wrong with creating (an offshore corporation)”.
In a statement to CNN, the firm denied that numerous people named by the reports were its clients.
The documents also named movie star Jackie Chan, billionaire heiress Kelly Zong Fuli, and shopping-mall magnate Shen Guojun. Despite growing political pressure, shutting down these and other tax havens may be easier said than done.
Any Internet searches for “Panama Papers” are fruitless and online discussions about the issues are banned.
Cameron also said he did not own any shares or have any offshore funds.
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Maas said the government intends to expand the existing money laundering law and introduce a national transparency register. It remains on the European Commission’s blacklist of tax haven and non-cooperative jurisdictions. Macri said “there was nothing odd about the operation” and that it was declared to tax authorities.
