TIME :Just days after the Panama Papers toppled Iceland’s prime minister, the British premier now faces career-threatening accusations of financial impropriety.The leak of 11.5 million documents from Panamanian law firm Mossack Fonseca has already implicated a number of world leaders in a web of shady offshore accounting.Among them is British Prime Minister David Cameron, whose late father’s offshore fund – Blairmore Holdings – was exposed by the leak. Cameron said on Thursday that he had owned shares in the trust, after several days of dodging questions about what interests he had in it.There’s no suggestion Cameron or his father Ian broke the law. He says he sold the shares before he won election in 2010 for around £30,000, and says the profit he made was subject to ordinary U.K. tax rules.But his office has squirmed under questioning about the trust since his link to it was revealed earlier this week. Asked on Monday if family money was invested in Blairmore Holdings, Cameron’s spokesperson called it merely a “private matter.”As pressure mounted, the Prime Minister said Tuesday that he had “no shares, no offshore trusts, no offshore funds” in an interview. His office later clarified to say Cameron and his family “do not benefit from any offshore funds.”In a third statement on Wednesday, Downing Street said “there are no offshore funds/trusts which the prime minister, Mrs Cameron or their children will benefit from in future.”
