Cameron Accused of Hypocrisy Over Stake in Offshore Fund

  • Prime minister to publish tax returns `as soon as possible'
  • Father `being unfairly written about,' Cameron tells ITV

Could Panama Paper Leak Spell End for U.K.'s Cameron?

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U.K. Prime Minister David Cameron was accused of “hypocrisy” after he said he held a stake in an offshore fund set up by his late father until six years ago, an admission broadcast on national television following four days of questions over the investment.

The premier gave in to intense pressure to give details of his interests in the Blairmore Holdings Inc. fund after it was mentioned in reports that emerged Sunday following the leak of millions of documents from a Panamanian law firm detailing attempts to avoid tax. He previously only said that he, his wife Samantha and their children hold no offshore funds now and will not in the future.