British Prime Minister David Cameron admitted on Thursday that he benefitted from his father’s offshore trust fund, which was revealed in the so-called “Panama Papers” leak this past weekend.
Cameron said he sold shares in the fund for $31,500 before becoming prime minister in 2010. “I obviously can’t point to the source of every bit of money and dad’s not around for me to ask the questions now,” Cameron said in an interview with ITV News. The
leaked documents revealed connections between world leaders—from Chinese propaganda ministers to Iceland’s prime minister, who resigned—and offshore shell companies acting as tax shelters. Read more at The Guardian.