After David Cameron’s father was named as a client of Mossack Fonseca in the Panama Papers, the British prime minister admitted on April 7 that he profited from offshore holdings.
In an interview with ITV news, Cameron said he and his wife, Samantha, sold shares totaling 31,500 pounds (currently $44,300) in an offshore company named Blairmore Holdings in January 2010, just five months before becoming prime minister. They had paid 12,497 pounds for the shares in 1997. The prime minister said the money was subject to British taxation in the “normal ways.”
Cameron said he sold his shares before taking office because he did not want to be accused of having 'vested interests.'
