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Australian PM Turnbull named in Panama Papers: AFR
Source: Reuters
World | Wed May 11, 2016 7:49pm EDT
Australian PM Turnbull named in Panama Papers: AFR
Australian Prime Minister Malcolm Turnbull has been named in the Panama Papers as a former director of a British Virgin Islands company set up to exploit a Siberian gold prospect, the Australian Financial Review reported on Thursday.
Turnbull and former New South Wales Premier Neville Wran joined the board of Australian-listed Star Mining NL in 1993. The company hoped to develop a A$20 billion ($14.8 billion) Siberian gold mine called Sukhoi Log, the paper said.
Both Turnbull and Wran were subsequently appointed directors of Star Technology Services, a subsidiary of Star Mining in the British Virgin Islands which had been incorporated by Mossack Fonseca, the Panama-based law firm at the center of the global scandal.
There was no suggestion Turnbull acted improperly and he resigned from both companies in 1995, the AFR said. Turnbull's spokesman had no immediate comment when contacted by Reuters.
The details are included in documents obtained by the International Consortium of Investigative Journalists known as the Panama Paper but are not part of the publicly searchable database, the AFR reported.
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Australian PM Turnbull named in Panama Papers: AFR
Australian Prime Minister Malcolm Turnbull has been named in the Panama Papers as a former director of a British Virgin Islands company set up to exploit a Siberian gold prospect, the Australian Financial Review reported on Thursday.
Turnbull and former New South Wales Premier Neville Wran joined the board of Australian-listed Star Mining NL in 1993. The company hoped to develop a A$20 billion ($14.8 billion) Siberian gold mine called Sukhoi Log, the paper said.
Both Turnbull and Wran were subsequently appointed directors of Star Technology Services, a subsidiary of Star Mining in the British Virgin Islands which had been incorporated by Mossack Fonseca, the Panama-based law firm at the center of the global scandal.
There was no suggestion Turnbull acted improperly and he resigned from both companies in 1995, the AFR said. Turnbull's spokesman had no immediate comment when contacted by Reuters.
The details are included in documents obtained by the International Consortium of Investigative Journalists known as the Panama Paper but are not part of the publicly searchable database, the AFR reported.
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Read more: http://www.reuters.com/article/us-panama-tax-australia-idUSKCN0Y22V1
____________________________________________________________
Source: Australian Financial Review
May 11 2016 at 11:45 PM
Updated May 12 2016 at 8:45 AM
Malcolm Turnbull named in Panama Papers
by Neil Chenoweth
Prime Minister Malcolm Turnbull is named in the Panama Papers as a former director of a British Virgin Islands company set up and administered by law firm Mossack Fonseca to exploit a Siberian gold prospect.
Mr Turnbull and former NSW Premier Neville Wran on October 29 1993 joined the board of Star Mining NL, the Australian listed company which hoped to develop a $20 billion Siberian gold mine called Sukhoi Log.
Five weeks later, on December 3 1993, Turnbull and Wran were appointed directors of Star Mining's subsidiary in the British Virgin Islands, Star Technology Services Limited, that held the group's stake in the Sukhoi Log prospect, a joint venture called LenaGold.
A spokesman for Mr Turnbull said last night that the Prime Minister was not aware the company had been administered by Mossack Fonseca as the registered agent in Road Town, Tortola. There is no suggestion he had acted improperly.
[font size=1]-snip-[/font]
Updated May 12 2016 at 8:45 AM
Malcolm Turnbull named in Panama Papers
by Neil Chenoweth
Prime Minister Malcolm Turnbull is named in the Panama Papers as a former director of a British Virgin Islands company set up and administered by law firm Mossack Fonseca to exploit a Siberian gold prospect.
Mr Turnbull and former NSW Premier Neville Wran on October 29 1993 joined the board of Star Mining NL, the Australian listed company which hoped to develop a $20 billion Siberian gold mine called Sukhoi Log.
Five weeks later, on December 3 1993, Turnbull and Wran were appointed directors of Star Mining's subsidiary in the British Virgin Islands, Star Technology Services Limited, that held the group's stake in the Sukhoi Log prospect, a joint venture called LenaGold.
A spokesman for Mr Turnbull said last night that the Prime Minister was not aware the company had been administered by Mossack Fonseca as the registered agent in Road Town, Tortola. There is no suggestion he had acted improperly.
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Read more: http://www.afr.com/news/politics/malcolm-turnbull-named-in-panama-papers-20160511-gosvit#ixzz48NP3rZlC
