Cameron Says He Holds No Offshore Funds After Panama Leak
- Labour leader Corbyn demanded probe of family's tax affairs
- Panama documents said to show `industrial-scale' evasion
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U.K. Prime Minister David Cameron said he has no offshore funds or trusts after documents leaked from a Panama law firm included details of an offshore investment fund of which his late father was a director, prompting opposition leader Jeremy Corbyn to demand an inquiry.
Reports published Sunday based on 11.5 million documents from the Panamanian firm, Mossack Fonseca, suggested politicians and business figures had channeled billions through offshore accounts. Coverage dominated U.K. media on Tuesday, with “Cameron dragged into tax havens storm” the headline in the Conservative-supporting Daily Mail newspaper.