Arab Today, arab today panama papers claim new victim
Last Updated : GMT 07:27:18
Arab Today, arab today
Arab Today, arab today

As Spain minister quits

Panama Papers claim new victim

Arab Today, arab today

Arab Today, arab today Panama Papers claim new victim

Spanish Minister of Industry, Energy and Tourism Jose Manuel
Madrid - Arab Today

The worldwide "Panama Papers" scandal claimed a fresh political victim Friday as Spain's industry minister resigned over allegations he had links to offshore companies.

Jose Manuel Soria said he had tendered his resignation "in light of the succession of mistakes committed along the past few days, relating to my explanations over my business activities... and considering the obvious harm that this situation is doing to the Spanish government."

Soria's troubles began on Monday when Spanish online daily El Confidencial, which has had access to the Panama Papers -- millions of files leaked from law firm Mossack Fonseca -- said he was an administrator of an offshore firm in 1992.

Soria called a news conference to deny any link to the company, but as the week went by, more allegations emerged from other media outlets, revealing further alleged connections to offshore havens.

It is unclear as yet whether any of his alleged actions were illegal.

Later, in a television interview, Soria said that the events in question had occurred more than 20 years ago and "I don't remember exactly what happened."

"I have done absolutely nothing illegal," he insisted.

Economy Minister Luis de Guindos was later named as his successor in the industry post.

- Blow for conservatives -

Soria is the latest political victim of the Panama Papers leak, which revealed how the world's wealthy stashed assets in offshore companies, and which the law firm blamed on a computer hack.

Iceland's Prime Minister Sigmundur David Gunnlaugsson was also forced to resign over the leaks.

In his statement, Soria said politics "is an activity that must always be exemplary, also where... explanations are concerned."

"When that doesn't happen, one must assume one's responsibilities," he added, in an indication that he was resigning due to how he had handled the revelations rather than over any irregularities.

He said he was resigning immediately from all political activity.

The initial revelations showed that Soria's name appeared alongside his brother's as administrator of a company based in the Bahamas created through Panama-based Mossack Fonseca.

He denied any links to that firm, saying he had told Spanish prosecutors to clear his name with the Panamanian authorities.
But other media revealed that Soria had links to another company based in the offshore haven of Jersey until 2002, when he was mayor of Las Palmas in Spain's Canary Islands.

In his statement, Soria blamed his contradictory explanations over the week on "the lack of accurate information about facts that happened more than 20 years ago."

Soria's resignation deals another blow to Mariano Rajoy's Popular Party (PP) government, which has been ruling Spain in a caretaker capacity as political groupings try -- and have so far failed -- to reach an agreement on a coalition government after inconclusive December elections.

The conservative PP, in power since 2011, has been shaken by corruption scandal after corruption scandal.

And while there is as yet no indication of any irregularities where Soria is concerned, the revelations are likely to embarrass the party, particularly as the country gears up for fresh elections due to the failure to reach any coalition agreement.

His is the second scandal-triggered resignation to hit the PP since it came to power in December 2011.

In November 2014, then health minister Ana Mato was forced to step down over corruption investigations.

Soria said he would abandon all political activities from Friday.
Source: AFP

arabstoday
arabstoday

GMT 19:13 2017 Tuesday ,17 October

GCC public debts reached to $415bn

GMT 10:22 2017 Sunday ,15 October

ADNOC strengthens energy partnership

GMT 17:02 2017 Saturday ,14 October

IMF, Spain warn on economic growth

GMT 05:05 2017 Saturday ,14 October

Saudi Aramco considering ‘range of options’

GMT 07:46 2017 Friday ,13 October

Canada still optimistic for new NAFTA

GMT 19:45 2017 Thursday ,12 October

Economic reform results 'exceed expectations'

GMT 15:34 2017 Thursday ,12 October

IMF: 'Fluid' situation for banks

GMT 22:53 2017 Wednesday ,11 October

NBE ranked 1st among African banks
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today panama papers claim new victim Arab Today, arab today panama papers claim new victim

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today panama papers claim new victim Arab Today, arab today panama papers claim new victim

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday