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"Putin. Offshore, Impeachment." -- A lone protester holds up a sign in Moscow protesting over the fact that Russian President Vladimir Putin is seen to have been implicated in murky financial dealings revealed in the Panama Papers
"Putin. Offshore, Impeachment." -- A lone protester holds up a sign in Moscow protesting over the fact that Russian President Vladimir Putin is seen to have been implicated in murky financial dealings revealed in the Panama Papers

Live Blog: The Panama Papers

Follow all the latest developments as they happen

Final Summary for April 13

-- The Russian cellist linked by the Panama Papers to murky offshore finances says the money came from donations.

-- German Finance Minister Wolfgang Schaeuble has outlined details of a plan to combat tax havens in the wake of the Panama leaks.

-- British Prime Minister David Cameron is set to announce that new legislation making companies criminally liable if employees aid tax evasion will be introduced this year

-- -- Cameron had earlier published his tax records in an attempt to draw a line under questions about his personal finances raised by the mention of his late father in the Panama Papers for setting up an offshore fund.

-- The unauthorized use of the International Red Cross's name by entities listed in the Panama Papers poses "enormous" risks for its operations and staff, the head of the humanitarian body said.

-- Several thousand people filled a big square in Malta's capital on April 10 and demanded the resignation of Prime Minister Joseph Muscat after the leaked Panama Papers said two of his political allies had offshore accounts.

-- Police have raided the El Salvador offices of the Panama-based law firm at the heart of the "Panama Papers" scandal that has revealed how the wealthy in many countries stashed their riches offshore.

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Here's a news item by Reuters on how David Cameron said he could have handled the Panama Papers fallout a bit better:

Cameron Says He Mishandled 'Panama Papers' Tax Scrutiny

British Prime Minister David Cameron (file photo)
British Prime Minister David Cameron (file photo)

LONDON, April 9 (Reuters) - British Prime Minister David Cameron said on Saturday he should have handled scrutiny of his family's tax arrangements better and promised to learn the lessons after days of negative media coverage and calls for his resignation.

After four days and four different statements over his late father's inclusion in the "Panama Papers", Cameron said on Thursday he once had a stake in his father's offshore trust and had profited from it, spurring calls for the leader to resign.

"Well, it's not been a great week," Cameron said on Saturday, speaking in London at a meeting of members of his Conservative Party. "I know that I should have handled this better, I could have handled this better. I know there are lessons to learn and I will learn them." (Reporting by William James and Paul Sandle; editing by Mark Heinrich)

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And here's another item from Reuters:

Panama Law Firm Says It Hasn't Been Approached By Investigators Yet

Ramon Fonseca, one of the founders of Panama's Mossack Fonseca law firm (file photo)
Ramon Fonseca, one of the founders of Panama's Mossack Fonseca law firm (file photo)

BERLIN, April 9 (Reuters) - The founding partner of Mossack Fonseca, the Panamanian law firm hit by a huge leak of offshore financial data, told a German newspaper his company had not yet been approached by anyone as part of investigations.

Ramon Fonseca also said the release of more than 11.5 million company emails was the result of hacking from a computer overseas rather than an inside job and that he knew which country the hacker attack had come from but was not allowed to disclose it. He had told Reuters on Tuesday the firm was a victim of a hack from outside.

"We're the ones who have filed a complaint with the authorities," Fonseca told Bild newspaper's Saturday edition.

"Every time there's something in the newspapers, the authorities announce they'll launch investigations. We're fully cooperating but we haven't been contacted by anyone yet."

Panama said on Wednesday that an independent commission would review the country's financial practices following the leak of information that has embarrassed a clutch of world leaders and forced Iceland's prime minister to resign.

Fonseca, who was a senior government official in Panama until March, said "thousands of lawyers around the world" were doing the same "completely legal" work as Mossack Fonseca, which specialises in setting up offshore companies.

Most of the offshore firms are in jurisdictions other than Panama, including Britain, the United States and the British Virgin Islands, Fonseca said.

"So why us? We see it like the biblical story of David and Goliath. Everyone has the right to privacy. Perhaps God chose us to fight for this fundamental human right or perhaps I'm mistaken," he added. (Reporting by Michelle Martin; editing by Catherine Evans)

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