Panama Papers: Malcolm Turnbull named
May 12, 20168:10am
Australian Prime Minister Malcolm Turnbull has been named in the Panama Papers. Picture: AFP PHOTO / MARK GRAHAM
Staff writers and wiresnews.com.au
PRIME Minister Malcolm Turnbull has been named in the Panama Papers as the fallout from the global scandal continues.
It has emerged Mr Turnbull was a former director of a company created and administrated by embattled law firm Mossack Fonseca in the 1990s.
However a spokesman for Mr Turnbull told Fairfax the Prime Minister was not aware the company had been administered by Mossack Fonseca as the registered agent in Road Town, Tortola.
Mr Turnbull was a former director of a British Virgin Islands company administered by Mossack Fonesca.
He joined the board of Star Mining NL with former NSW Premier Neville Wran in 1993, but both resigned two years later.
There is no suggestion Mr Turnbull had acted improperly.
The news comes as Federal Police will today make a court application to access records related to the James Ashby affair in a move that could derail the PM’s campaign.
The Panama Papers are leaked records from Mossack Fonseca which provide a rare insight into the legal practice used to move money to decrease tax burdens.
VIDEO: Panama Papers source releases manifesto
VIDEO: Panama Papers source releases manifesto
READ MORE: http://www.news.com.au/finance/money/tax/panama-papers-malcolm-turnbull-named/news-story/5f69bd009ef583d18d4a4edfa94339dc
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