In an uncomfortable development on the campaign trail, Australian Prime Minister Malcolm Turnbull has been named in the Panama Papers.
His name appears in the leaked documents connected to a British Virgin Islands company, Star Technology Services Limited, Fairfax Media reported. Aimed at exploiting a Siberian gold prospect, the business, of which he was reportedly co-director from 1993 to 1995, was administered by the now notorious Panamanian law firm, Mossack Fonseca.
The Panama Papers, widely considered to be the largest leak in the history of journalism, have brought thousands of names into the open for using shell companies and other quasi-legal financial arrangements. Spearheaded by the International Consortium of Investigative Journalists, news reports mined Mossack Fonseca’s internal documents to reveal how politicians, sportspeople and celebrities stored their riches in global tax havens. Read more…
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