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UK's Cameron admits he benefitted from father's offshore fund

Britain's Prime Minister David Cameron speaks on the forthcoming European Union referendum with staff of PricewaterhouseCoopers in Birmingham, central England, on April 5, 2016British Prime Minister David Cameron admitted Thursday he had held a £30,000 stake in an offshore fund set up by his father, after days of pressure following publication of the so-called Panama Papers. Cameron sold the stake in the Bahamas-based trust in 2010, four months before he became prime minister, he said in an interview with television channel ITV. Downing Street have issued four statements on the affair this week following Sunday’s publication of the leaked Panama Papers, which showed how Panama-based law firm Mossack Fonseca had helped firms and wealthy individuals set up offshore companies.

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