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PM David Cameron Says He’s Profited from Offshore Trusts

HeadlineApr 08, 2016
Hdls8 ukpanamapapers

Meanwhile, British Prime Minister David Cameron finally admitted Thursday that he’s profited from an offshore trust set up by his father through the Panama-based law firm Mossack Fonseca. Cameron answered questions from reporters Thursday.

Reporter: “But, therefore, actually, you can’t be certain that some of that 300,000 didn’t come from offshore sources, presumably?”

Prime Minister David Cameron: “Well, he had investments in Blairmore Investment Trust—”

Reporter: “And money in Jersey.”

Prime Minister David Cameron: “That was because of another unit trust, again established to industry standard and all the rest of it, and many people have those investments. But in all of this, I’ve never hidden the fact that I’m a very lucky person and had wealthy parents who gave me a great upbringing, who paid for me to go to an amazing school. I’ve never tried to pretend to be anything I’m not.”

Labour Party Member of Parliament John Mann has called for Cameron’s resignation.

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