Britain’s David Cameron says he did profit from father’s offshore holdings
Britain’s Prime Minister David Cameron holds a Q&A with employees at PricewaterhouseCoopers in Birmingham, central England on Tuesday.
After days of headlines about his family’s financial affairs, British Prime Minister David Cameron has acknowledged that he profited from his father’s investments in an offshore tax haven.
Cameron told ITV news Thursday that he and his wife Samantha sold shares worth 31,500 pounds (currently $44,300) in Blairmore Holdings in early 2010, before Cameron became prime minister.
See the most-read stories this hour >>
A leak of millions of documents from a Panamanian law firm has disclosed the financial arrangements of wealthy people — including the British leader’s late father, Ian Cameron, who died in 2010.
There is no suggestion he acted illegally.
David Cameron’s office has released several previous statements saying the prime minister and his family “do not benefit from any offshore funds” — but not specifying whether they had done so in the past.
FULL COVERAGE: Panama Papers document leak >>
ALSO
Student slain in Bangladesh criticized religious extremists on Facebook
Another mysterious death in Kandahar, and allegations of official torture
Migrants, terrorism and risk of breakup are straining Europe, Czech prime minister says
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
