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| Panama Papers raise questions over past TV deals of new Fifa boss – live | Panama Papers raise questions over past TV deals of new Fifa boss – live |
| (35 minutes later) | |
| 10.16pm BST | |
| 22:16 | |
| Bernie Sanders: 'I would terminate Panama Free Trade Agreement' | |
| Bernie Sanders has weighed in on the Panama Papers revelations, pledging to kill the Panama Free Trade Agreement if he became president. | |
| The agreement put a stamp of approval on a country which the US Senator described as “a world leader when it comes to allowing the wealthy and the powerful to avoid taxes.” | |
| He went on to accuse Hillary Clinton, his rival for the Democratic Party presidential nomination, of flip flopping on the agreement, which he always opposed. | |
| The revelations reported in the Guardian and other global news organisations have proven that the extent of Panama’s “tax avoidance scams” is “even worse” than he had feared, added Sanders. | |
| He went on to pledge that a White House administration led by him would conduct an immediate investigation into US banks corporations and wealthy individuals who have been “stashing their cash” in Panama. | |
| 10.01pm BST | |
| 22:01 | |
| It feels like 2009 all over again in Iceland, according to Eirikur Bergmann, director of Centre for European Studies at the Bifrost University in Iceland, who recalls when the coalition government at the time was ousted in an event later referred to as Iceland’s “pots and pans revolution”. | |
| On Monday, 22,000 people – a staggering 10th of the electorate – demonstrated in front of the parliament building in Reykjavik. | |
| Bergmann adds in a piece for the Guardian: | |
| This time, the discontent may prove to be even stronger. | |
| After more than seven years of severe austerity and hardship rebuilding the collapsed economy, Icelanders are faced with the revelation that many of those who sought leadership post-crisis had money stashed in offshore accounts, while the tax burden domestically was hiked to the very limit of what ordinary people could tolerate. | |
| Read on here. Meanwhile, here are some images from today’s protests: | |
| 9.42pm BST | 9.42pm BST |
| 21:42 | 21:42 |
| Here was the scene a little earlier outside the headquarters of Iceland’s Independence Party, one part of the current governing coalition. | Here was the scene a little earlier outside the headquarters of Iceland’s Independence Party, one part of the current governing coalition. |
| #Protest at Independence party HQ in #Reykjavik, #Iceland, tonight, demanding new #Gov . #panamapapers @BBCBreaking pic.twitter.com/Qs3NlAWA9y | #Protest at Independence party HQ in #Reykjavik, #Iceland, tonight, demanding new #Gov . #panamapapers @BBCBreaking pic.twitter.com/Qs3NlAWA9y |
| #protest in front of Independence party HQ tonight in #Reykjavik. #panamapapers #iceland #news #cnnireport pic.twitter.com/uQuUb9L601 | #protest in front of Independence party HQ tonight in #Reykjavik. #panamapapers #iceland #news #cnnireport pic.twitter.com/uQuUb9L601 |
| Updated | Updated |
| at 9.43pm BST | at 9.43pm BST |
| 9.19pm BST | 9.19pm BST |
| 21:19 | 21:19 |
| Apparently, it’s also a “sad day for journalism,” according to the UEFA statement, which adds: | Apparently, it’s also a “sad day for journalism,” according to the UEFA statement, which adds: |
| Furthermore, and given the way in which this story has been misrepresented in the media, UEFA wishes to go on record with the statement that Gianni Infantino has been an outstanding member of UEFA staff for many years, a man who has always acted with complete professionalism and integrity, and that this attempted slur on his character and on the reputation of UEFA, based on absolutely no evidence whatsoever, is not only a sad day for football but also a sad day for journalism. | Furthermore, and given the way in which this story has been misrepresented in the media, UEFA wishes to go on record with the statement that Gianni Infantino has been an outstanding member of UEFA staff for many years, a man who has always acted with complete professionalism and integrity, and that this attempted slur on his character and on the reputation of UEFA, based on absolutely no evidence whatsoever, is not only a sad day for football but also a sad day for journalism. |
| 9.18pm BST | 9.18pm BST |
| 21:18 | 21:18 |
| UEFA has also released an updated statement in the wake of the earlier coverage, saying that it is “dismayed by certain stories in the media suggesting that there might have been untoward or improper conduct in connection with a television rights contract concluded with a company based in Ecuador in 2006”. | UEFA has also released an updated statement in the wake of the earlier coverage, saying that it is “dismayed by certain stories in the media suggesting that there might have been untoward or improper conduct in connection with a television rights contract concluded with a company based in Ecuador in 2006”. |
| It adds: | It adds: |
| For the record, and as repeatedly explained to the explained to the media, there was never any suggestion that anything improper took place. These explanations have been conveyed to the media in a clear, reasonable, and perfectly transparent way. It is therefore all the more regrettable that, despite the explanations given, some sections of the media have chosen to misrepresent matters and mislead the public by suggesting or implying otherwise. | For the record, and as repeatedly explained to the explained to the media, there was never any suggestion that anything improper took place. These explanations have been conveyed to the media in a clear, reasonable, and perfectly transparent way. It is therefore all the more regrettable that, despite the explanations given, some sections of the media have chosen to misrepresent matters and mislead the public by suggesting or implying otherwise. |
| It is correct that UEFA was asked some time ago whether it had any commercial dealings with certain companies and/or individuals named in the US indictment. At the time of our initial response we had not had the opportunity to check each and every one of our (thousands) of commercial contracts and so the answer given was initially incomplete. | It is correct that UEFA was asked some time ago whether it had any commercial dealings with certain companies and/or individuals named in the US indictment. At the time of our initial response we had not had the opportunity to check each and every one of our (thousands) of commercial contracts and so the answer given was initially incomplete. |
| That is the reason why Gianni Infantino initially thought, based on the information provided by UEFA, that there had been no previous UEFA contracts with any companies and/or individuals named in the indictment. That is also why FIFA gave this information to the media. | That is the reason why Gianni Infantino initially thought, based on the information provided by UEFA, that there had been no previous UEFA contracts with any companies and/or individuals named in the indictment. That is also why FIFA gave this information to the media. |
| The organisation says that it has now had an opportunity to conduct a full review of its commercial contracts, adding that in relation to the particular TV contract in Ecuador dating back to 2006, the rights in question were awarded after an open tender conducted by TEAM Marketing, acting on behalf of UEFA. | The organisation says that it has now had an opportunity to conduct a full review of its commercial contracts, adding that in relation to the particular TV contract in Ecuador dating back to 2006, the rights in question were awarded after an open tender conducted by TEAM Marketing, acting on behalf of UEFA. |
| The rights were awarded to Teleamazonas/Cross Trading because they made the highest offer on the market, the statement says, adding that neither UEFA nor Gianni Infantino have ever been contacted by any authorities in connection with this particular contract. | The rights were awarded to Teleamazonas/Cross Trading because they made the highest offer on the market, the statement says, adding that neither UEFA nor Gianni Infantino have ever been contacted by any authorities in connection with this particular contract. |
| Updated | Updated |
| at 9.44pm BST | at 9.44pm BST |
| 9.14pm BST | 9.14pm BST |
| 21:14 | 21:14 |
| FIFA president responds to Panama Papers revelations | FIFA president responds to Panama Papers revelations |
| The FIFA President, Gianni Infantino, has also released a statement following the release of documents which raise questions about the role he played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body. | The FIFA President, Gianni Infantino, has also released a statement following the release of documents which raise questions about the role he played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body. |
| I am dismayed and will not accept that my integrity is being doubted by certain areas of the media, especially given that UEFA has already disclosed in detail all facts regarding these contracts. | I am dismayed and will not accept that my integrity is being doubted by certain areas of the media, especially given that UEFA has already disclosed in detail all facts regarding these contracts. |
| From the moment I was made aware of the latest media enquiries on the matter, I immediately contacted UEFA to seek clarity. I did this because I am no longer with UEFA, and it is they who exclusively possess all contractual information relating to this query. In the meantime, UEFA has announced that it has been conducting a review of its numerous commercial contracts and has answered extensively all media questions related to these specific contracts. | From the moment I was made aware of the latest media enquiries on the matter, I immediately contacted UEFA to seek clarity. I did this because I am no longer with UEFA, and it is they who exclusively possess all contractual information relating to this query. In the meantime, UEFA has announced that it has been conducting a review of its numerous commercial contracts and has answered extensively all media questions related to these specific contracts. |
| As I previously stated, I never personally dealt with Cross Trading nor their owners as the tender process was conducted by Team Marketing on behalf of UEFA. | As I previously stated, I never personally dealt with Cross Trading nor their owners as the tender process was conducted by Team Marketing on behalf of UEFA. |
| I would like to state for the record that neither UEFA nor I have ever been contacted by any authorities in relation to these particular contracts. | I would like to state for the record that neither UEFA nor I have ever been contacted by any authorities in relation to these particular contracts. |
| Moreover, as media themselves report, there is no indication whatsoever for any wrongdoings from neither UEFA nor myself in this matter. | Moreover, as media themselves report, there is no indication whatsoever for any wrongdoings from neither UEFA nor myself in this matter. |
| 9.10pm BST | 9.10pm BST |
| 21:10 | 21:10 |
| Gunnlaugsson: Former Icelandic PM has only 'stepped aside' | Gunnlaugsson: Former Icelandic PM has only 'stepped aside' |
| The office of Sigmundur Davíð Gunnlaugsson, the former Icelandic prime minister, has just released a statement clarifying that he has not resigned but stepped aside to allow Sigurður Ingi Jóhannsson, the agriculture and fisheries minister, to “take over the office of prime minister for an unspecified time”. | The office of Sigmundur Davíð Gunnlaugsson, the former Icelandic prime minister, has just released a statement clarifying that he has not resigned but stepped aside to allow Sigurður Ingi Jóhannsson, the agriculture and fisheries minister, to “take over the office of prime minister for an unspecified time”. |
| It comes after after leaked documents showed that Gunnlaugsson’s wife, Anna Sigurlaug Pálsdóttir, owned a secretive offshore company with a potentially multimillion-pound claim on the country’s collapsed banks – representing what opponents said was a major conflict of interest. | It comes after after leaked documents showed that Gunnlaugsson’s wife, Anna Sigurlaug Pálsdóttir, owned a secretive offshore company with a potentially multimillion-pound claim on the country’s collapsed banks – representing what opponents said was a major conflict of interest. |
| Gunnlaugsson was “very proud” of his government’s success resurrecting Iceland’s economy after the 2008 financial crisis, the statement said, and “especially proud of his government’s handling of ... the creditors of the failed Icelandic banks”, which had been “acknowledged by international experts”. | Gunnlaugsson was “very proud” of his government’s success resurrecting Iceland’s economy after the 2008 financial crisis, the statement said, and “especially proud of his government’s handling of ... the creditors of the failed Icelandic banks”, which had been “acknowledged by international experts”. |
| The statement added that the Gunnlaugsson and his wife had provided “detailed answers to questions” about the the assets of Wintris [his wife’s offshore company], which they had “never sought to hide”. | The statement added that the Gunnlaugsson and his wife had provided “detailed answers to questions” about the the assets of Wintris [his wife’s offshore company], which they had “never sought to hide”. |
| The holdings had been reported as an asset on Pálsdóttir’s income tax returns since 2008 and all relevant taxes had been paid accordingly in Iceland, it said. No parliamentary disclosure rules had been broken. | The holdings had been reported as an asset on Pálsdóttir’s income tax returns since 2008 and all relevant taxes had been paid accordingly in Iceland, it said. No parliamentary disclosure rules had been broken. |
| We also get an honourable mention. The statement adds: | We also get an honourable mention. The statement adds: |
| Even The Guardian and other media covering the story have confirmed that they have not seen any evidence to suggest that the prime minister, his wife, or Wintris engaged in any actions involving tax avoidance, tax evasion, or any dishonest financial gain. | Even The Guardian and other media covering the story have confirmed that they have not seen any evidence to suggest that the prime minister, his wife, or Wintris engaged in any actions involving tax avoidance, tax evasion, or any dishonest financial gain. |
| 8.33pm BST | 8.33pm BST |
| 20:33 | 20:33 |
| Protestors in Iceland have now reached the front of the headquarters of the Independence Party, one of the two parties in the country’s governing coalition. | Protestors in Iceland have now reached the front of the headquarters of the Independence Party, one of the two parties in the country’s governing coalition. |
| Elsewhere in the city, there are distinctly ‘Arab Spring’ shades to some of the slogans being deployed. | Elsewhere in the city, there are distinctly ‘Arab Spring’ shades to some of the slogans being deployed. |
| Someone seems convinced. #iceland #panamapapers pic.twitter.com/N5go7NBjbn | Someone seems convinced. #iceland #panamapapers pic.twitter.com/N5go7NBjbn |
| Updated | Updated |
| at 8.36pm BST | at 8.36pm BST |
| 8.16pm BST | 8.16pm BST |
| 20:16 | 20:16 |
| The revelations concerning Fifa president Gianni Infantino are making headlines across the world. Here’s the treatment from the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ), who shared them with a large network of international partners, including the Guardian and the BBC. | The revelations concerning Fifa president Gianni Infantino are making headlines across the world. Here’s the treatment from the German newspaper Süddeutsche Zeitung, which shared them with the International Consortium of Investigative Journalists (ICIJ), who shared them with a large network of international partners, including the Guardian and the BBC. |
| Die #panamapapers bringen den neuen @FIFAcom-Chef Infantino in Erklärungsnot https://t.co/FJ7jO1J3VJ pic.twitter.com/I626RJw4Jw | Die #panamapapers bringen den neuen @FIFAcom-Chef Infantino in Erklärungsnot https://t.co/FJ7jO1J3VJ pic.twitter.com/I626RJw4Jw |
| The BBC’s Dan Roan tweets the significance last year of Süddeutsche Zeitung’s probing of UEFA and the subsequent significance of an Argentinian company which had acquired the rights to the Champions League, the Uefa Cup and the Super Cup: | The BBC’s Dan Roan tweets the significance last year of Süddeutsche Zeitung’s probing of UEFA and the subsequent significance of an Argentinian company which had acquired the rights to the Champions League, the Uefa Cup and the Super Cup: |
| Last year UEFA told @SZ it had done no business with any individual indicted by US, or their companies. But they had. With Cross Trading. | Last year UEFA told @SZ it had done no business with any individual indicted by US, or their companies. But they had. With Cross Trading. |
| The Guardian’s Owen Gibson picks up the narrative: | The Guardian’s Owen Gibson picks up the narrative: |
| In recent weeks, Fifa asked same question - had Infantino been involved in any deals with indicted cos? They said no https://t.co/xhMyxv4jcU | In recent weeks, Fifa asked same question - had Infantino been involved in any deals with indicted cos? They said no https://t.co/xhMyxv4jcU |
| Updated | Updated |
| at 8.20pm BST | at 8.20pm BST |
| 8.07pm BST | 8.07pm BST |
| 20:07 | 20:07 |
| Jon Henley | Jon Henley |
| Back now to one of the global locations where the political elite are in the eye of the storm caused by the Panama papers: Iceland. | Back now to one of the global locations where the political elite are in the eye of the storm caused by the Panama papers: Iceland. |
| From there, the Guardian’s Jon Henley reports that a few hundred people braved the start of biting wind and sleet to gather in front of their parliament in a muted celebration of the departure of their prime minister, Sigmundur Gunnlaugsson. | From there, the Guardian’s Jon Henley reports that a few hundred people braved the start of biting wind and sleet to gather in front of their parliament in a muted celebration of the departure of their prime minister, Sigmundur Gunnlaugsson. |
| “We were hoping parliament would be dissolved,” said Steingrimur Oli Einarsson, a fish oil trader. “Of course we’re satisfied the prime minister has stepped down, but we are not satisfied with who is taking over and the fact that the government itself is still there.” | “We were hoping parliament would be dissolved,” said Steingrimur Oli Einarsson, a fish oil trader. “Of course we’re satisfied the prime minister has stepped down, but we are not satisfied with who is taking over and the fact that the government itself is still there.” |
| His friend sigrun eiriksdottir , a pre-school teacher, said the occasion “doesn’t really feel like any kind of victory. There is so much stuill to put right in this country in terms of ethics, and of how the world looks at us.” | His friend sigrun eiriksdottir , a pre-school teacher, said the occasion “doesn’t really feel like any kind of victory. There is so much stuill to put right in this country in terms of ethics, and of how the world looks at us.” |
| For Lara Gardarsdottir, an illustrator, “It’s good news that he’s resigned, yes. But we need far mor drastic change. We’re left with the same people still in charge; it’s the same old gang. And the guy who’s replacing Gunnlaugsson – a couple of days ago he was saying he saw nothing wrong in what the prime minister had done.” | For Lara Gardarsdottir, an illustrator, “It’s good news that he’s resigned, yes. But we need far mor drastic change. We’re left with the same people still in charge; it’s the same old gang. And the guy who’s replacing Gunnlaugsson – a couple of days ago he was saying he saw nothing wrong in what the prime minister had done.” |
| Not as many as last night, but a bit happier after #Iceland pm resigns pic.twitter.com/dOg6bwm6iQ | Not as many as last night, but a bit happier after #Iceland pm resigns pic.twitter.com/dOg6bwm6iQ |
| Meanwhile, at the risk of generating some fatigue (surely not) at the sight of it, here’s the moment when Gunnlaugsson walked out of an interview with Swedish television company SVT and Reykjavik Media. | Meanwhile, at the risk of generating some fatigue (surely not) at the sight of it, here’s the moment when Gunnlaugsson walked out of an interview with Swedish television company SVT and Reykjavik Media. |
| Gunnlaugsson had been asked about a company called Wintris, which he said had been fully declared to the Icelandic tax authority. | Gunnlaugsson had been asked about a company called Wintris, which he said had been fully declared to the Icelandic tax authority. |
| He replied that he was not prepared to answer such questions and decides to discontinue the interview, saying: ‘What are you trying to make up here? This is totally inappropriate’ | He replied that he was not prepared to answer such questions and decides to discontinue the interview, saying: ‘What are you trying to make up here? This is totally inappropriate’ |
| Updated | Updated |
| at 8.10pm BST | at 8.10pm BST |
| 7.58pm BST | 7.58pm BST |
| 19:58 | 19:58 |
| The release of the Panama Papers might be causing sleepless nights for powerful figures in various corners of the globe, but has it at least helped to address some cold turkey on the part of lovers of quality [British] television drama? | The release of the Panama Papers might be causing sleepless nights for powerful figures in various corners of the globe, but has it at least helped to address some cold turkey on the part of lovers of quality [British] television drama? |
| In the response from Guardian readers thus far to the revelations, the echoes with the acclaimed BBC adaptation of John le Carré’s ‘The Night Manager’ are not lost on the part of Mark Austin. He writes from Horsmonden, Kent: | In the response from Guardian readers thus far to the revelations, the echoes with the acclaimed BBC adaptation of John le Carré’s ‘The Night Manager’ are not lost on the part of Mark Austin. He writes from Horsmonden, Kent: |
| We were just getting over the loss of The Night Manager when reality rode to the rescue: daily stories of secretive offshore companies in exotic locations, powerful individuals hiding behind convoluted chains of intermediaries and apparent links back to the establishment. If only it wasn’t so thoroughly unsurprising. | We were just getting over the loss of The Night Manager when reality rode to the rescue: daily stories of secretive offshore companies in exotic locations, powerful individuals hiding behind convoluted chains of intermediaries and apparent links back to the establishment. If only it wasn’t so thoroughly unsurprising. |
| 7.47pm BST | 7.47pm BST |
| 19:47 | 19:47 |
| John Crace | John Crace |
| The spectacle of David Cameron holding his first public engagement since the publication of Panama Papers at a firm accused of promoting tax avoidance was not lost on journalists covering the event earlier. | The spectacle of David Cameron holding his first public engagement since the publication of Panama Papers at a firm accused of promoting tax avoidance was not lost on journalists covering the event earlier. |
| The Guardian’s John Crace has filed a sketch in which he writes: | The Guardian’s John Crace has filed a sketch in which he writes: |
| “Let’s take some questions from the audience,” Dave said, as his well-worn patter fizzled out. Some obliging PwC types duly lined up a few gimmies, but he couldn’t really capitalise. He knew that sooner or later he was going to have to take the inevitable hit, and delaying was only making him twitchier. | “Let’s take some questions from the audience,” Dave said, as his well-worn patter fizzled out. Some obliging PwC types duly lined up a few gimmies, but he couldn’t really capitalise. He knew that sooner or later he was going to have to take the inevitable hit, and delaying was only making him twitchier. |
| Time for Dave the Brave to be Dave the Braver. “A question from the press,” he spat. “Faisal Islam, Sky News.” Islam duly plunged in. Could the prime minister confirm if he or his family had ever benefited from his father’s Panama holdings or would benefit from them at some time in the future? | Time for Dave the Brave to be Dave the Braver. “A question from the press,” he spat. “Faisal Islam, Sky News.” Islam duly plunged in. Could the prime minister confirm if he or his family had ever benefited from his father’s Panama holdings or would benefit from them at some time in the future? |
| There was a sharp intake of breath from some members of the PwC audience. It is distinctly bad form to ask a chap about his prudent tax planning. | There was a sharp intake of breath from some members of the PwC audience. It is distinctly bad form to ask a chap about his prudent tax planning. |
| Others just looked a little confused. Surely the whole point of having an offshore company was to pay bugger all tax, so if Mossack Fonseca had failed to achieve this then it had badly let its client down. Perhaps there was even a chance of PwC grabbing the Blairmore business. Dave merely chose to take it on the chin. | Others just looked a little confused. Surely the whole point of having an offshore company was to pay bugger all tax, so if Mossack Fonseca had failed to achieve this then it had badly let its client down. Perhaps there was even a chance of PwC grabbing the Blairmore business. Dave merely chose to take it on the chin. |
| 7.37pm BST | 7.37pm BST |
| 19:37 | 19:37 |
| Ben Quinn | |
| The leaks continue to make waves in the UK. | The leaks continue to make waves in the UK. |
| The reaction of David Cameron to revelations in the Panama Papers relating to his father has evolved over the past 48 hours from a spokeswoman’s insistence that it was a “private matter” to what appeared to be a carefully worded personal response from Prime Minister himself. | The reaction of David Cameron to revelations in the Panama Papers relating to his father has evolved over the past 48 hours from a spokeswoman’s insistence that it was a “private matter” to what appeared to be a carefully worded personal response from Prime Minister himself. |
| Documents which have emerged reveal that Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork. | Documents which have emerged reveal that Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork. |
| Ian Cameron was a director of Blairmore Holdings Inc, an investment fund run from the Bahamas but named after the family’s ancestral home in Aberdeenshire, which managed tens of millions of pounds on behalf of wealthy families. | Ian Cameron was a director of Blairmore Holdings Inc, an investment fund run from the Bahamas but named after the family’s ancestral home in Aberdeenshire, which managed tens of millions of pounds on behalf of wealthy families. |
| Here’s the sequence of responses from Downing Street: | Here’s the sequence of responses from Downing Street: |
| Monday | Monday |
| The prime minister’s spokeswoman said that Downing Street had responded to allegations about Ian Cameron in the past. | The prime minister’s spokeswoman said that Downing Street had responded to allegations about Ian Cameron in the past. |
| Asked if there was still any family money invested in the fund, she said: “That is a private matter.” She said the prime minister had “taken a range of action to tackle evasion and aggressive tax avoidance”. | Asked if there was still any family money invested in the fund, she said: “That is a private matter.” She said the prime minister had “taken a range of action to tackle evasion and aggressive tax avoidance”. |
| Tuesday (Part I) | Tuesday (Part I) |
| An aide to the prime minister reiterated that questions relating to the Cameron family were private and said : “We’ve been clear, the prime minister doesn’t own shares in any company.” | An aide to the prime minister reiterated that questions relating to the Cameron family were private and said : “We’ve been clear, the prime minister doesn’t own shares in any company.” |
| The aide also hit back at pressure from Labour leader Jeremy Corbyn, adding: “People have to judge governments on their record in government, and Labour’s was lamentable.” | The aide also hit back at pressure from Labour leader Jeremy Corbyn, adding: “People have to judge governments on their record in government, and Labour’s was lamentable.” |
| Tuesday (Part II) | Tuesday (Part II) |
| Cameron’s first direct intervention into the controversy came in response to a question posed by Sky News. After giving a speech about the EU in Birmingham (below), the prime minister have a carefully worded reply saying he had no offshore trusts, funds or shares. | Cameron’s first direct intervention into the controversy came in response to a question posed by Sky News. After giving a speech about the EU in Birmingham (below), the prime minister have a carefully worded reply saying he had no offshore trusts, funds or shares. |
| Downing Street subsequently revealed that his wife, Samantha, benefits from shares related to her father’s land, but insisted that neither she nor the Camerons’ children currently benefit from Blairmore, an offshore investment fund set up by the prime minister’s late father. | Downing Street subsequently revealed that his wife, Samantha, benefits from shares related to her father’s land, but insisted that neither she nor the Camerons’ children currently benefit from Blairmore, an offshore investment fund set up by the prime minister’s late father. |
| Here’s the moment when Cameron responded to the carefully worded question from Faisal Islam of Sky News: | Here’s the moment when Cameron responded to the carefully worded question from Faisal Islam of Sky News: |
| As the Guardian’s Andrew Sparrow has noted, Islam did not ask if Cameron was benefiting from the trust now. | As the Guardian’s Andrew Sparrow has noted, Islam did not ask if Cameron was benefiting from the trust now. |
| Instead, he asked if he had benefited from it in the past, or would in the future. And he did not just ask about Cameron personally; he asked about Cameron and his family. | Instead, he asked if he had benefited from it in the past, or would in the future. And he did not just ask about Cameron personally; he asked about Cameron and his family. |
| Cameron replied equally carefully: | Cameron replied equally carefully: |
| Sure. Look, the investigation we need, first of all, is for HMRC, our tax authority, to use all the information that is coming out of Panama to make sure that everything is done, to make sure that companies and individuals are paying their taxes properly... | Sure. Look, the investigation we need, first of all, is for HMRC, our tax authority, to use all the information that is coming out of Panama to make sure that everything is done, to make sure that companies and individuals are paying their taxes properly... |
| In terms of my own financial affairs, I own no shares. I have a salary as prime minister and I have some savings, which I get some interest from and I have a house, which we used to live in, which we now let out while we are living in Downing Street and that’s all I have. I have no shares, no offshore trusts, no offshore funds, nothing like that. And, so that, I think, is a very clear description. | In terms of my own financial affairs, I own no shares. I have a salary as prime minister and I have some savings, which I get some interest from and I have a house, which we used to live in, which we now let out while we are living in Downing Street and that’s all I have. I have no shares, no offshore trusts, no offshore funds, nothing like that. And, so that, I think, is a very clear description. |
| Andrew Sparrow’s analysis is here: | Andrew Sparrow’s analysis is here: |
| Related: What David Cameron did and didn't say about his father's offshore trust | Related: What David Cameron did and didn't say about his father's offshore trust |
| Updated | Updated |
| at 9.47pm BST | |
| 7.30pm BST | 7.30pm BST |
| 19:30 | 19:30 |
| Owen Gibson | Owen Gibson |
| Based on the leak of 11m documents from the files of the offshore financial law firm Mossack Fonseca, it appears that when Infantino worked at Uefa in 2006, the organisation sold the rights for broadcasting its club competitions in South America. | Based on the leak of 11m documents from the files of the offshore financial law firm Mossack Fonseca, it appears that when Infantino worked at Uefa in 2006, the organisation sold the rights for broadcasting its club competitions in South America. |
| The Guardian’s Owen Gibson explains the detail: | The Guardian’s Owen Gibson explains the detail: |
| The rights to the Champions League, the Uefa Cup and the Super Cup were acquired by an Argentinian company called Cross Trading. Cross Trading immediately sold on to broadcaster Teleamazonas for about three or four times the amount paid for them. The contracts covered the period from 2003 to 2006 and from 2006 to 2009. | The rights to the Champions League, the Uefa Cup and the Super Cup were acquired by an Argentinian company called Cross Trading. Cross Trading immediately sold on to broadcaster Teleamazonas for about three or four times the amount paid for them. The contracts covered the period from 2003 to 2006 and from 2006 to 2009. |
| Cross Trading is a subsidiary of a company called Full Play, which is owned by Hugo Jinkis. Last year in an unrelated matter, Jinkis was alleged by US prosecutors to have handed over millions of dollars in bribes and kickbacks to football executives to obtain and retain media and marketing rights. | Cross Trading is a subsidiary of a company called Full Play, which is owned by Hugo Jinkis. Last year in an unrelated matter, Jinkis was alleged by US prosecutors to have handed over millions of dollars in bribes and kickbacks to football executives to obtain and retain media and marketing rights. |
| Jinkis, along with his son Mariano (both are pictured below), is under house arrest in Argentina. | Jinkis, along with his son Mariano (both are pictured below), is under house arrest in Argentina. |
| Jinkis’s involvement in the deals with Uefa from a decade ago are set out in the Panama Papers. Cross Trading signed a deal with Uefa’s broadcasting and marketing partner, called Team. Infantino’s name appears on the contract as Uefa’s director of legal services. | Jinkis’s involvement in the deals with Uefa from a decade ago are set out in the Panama Papers. Cross Trading signed a deal with Uefa’s broadcasting and marketing partner, called Team. Infantino’s name appears on the contract as Uefa’s director of legal services. |
| 7.17pm BST | 7.17pm BST |
| 19:17 | 19:17 |
| We’re just five weeks into the election of Gianni Infantino, the Swiss-Italian former Uefa secretary general who won the race to succeed the disgraced Sepp Blatter in February. | We’re just five weeks into the election of Gianni Infantino, the Swiss-Italian former Uefa secretary general who won the race to succeed the disgraced Sepp Blatter in February. |
| A European football administrator born just six miles from Blatter, its new president was elected in a bid to restore the world governing body’s reputational damage overseen by his predecessor. | A European football administrator born just six miles from Blatter, its new president was elected in a bid to restore the world governing body’s reputational damage overseen by his predecessor. |
| Here he is pledging, on his election, to restore the image of Fifa: | Here he is pledging, on his election, to restore the image of Fifa: |
| 7.04pm BST | 7.04pm BST |
| 19:04 | 19:04 |
| Fifa president pulled into corruption scandal by Panama Papers | Fifa president pulled into corruption scandal by Panama Papers |
| The new head of world football has been caught up in the sport’s corruption scandal because of documents that have been revealed by the Panama Papers leak. | The new head of world football has been caught up in the sport’s corruption scandal because of documents that have been revealed by the Panama Papers leak. |
| Files seen by the Guardian will raise questions about the role Fifa’s president,Gianni Infantino, played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body. | Files seen by the Guardian will raise questions about the role Fifa’s president,Gianni Infantino, played in deals that were concluded when he was director of legal services at Uefa, European football’s governing body. |
| The Guardian’s Owen Gibson reports: | The Guardian’s Owen Gibson reports: |
| According to records, Uefa concluded offshore deals with one of the indicted figures at the heart of an alleged “World Cup of fraud” despite previously insisting it had no dealings with any of them. | According to records, Uefa concluded offshore deals with one of the indicted figures at the heart of an alleged “World Cup of fraud” despite previously insisting it had no dealings with any of them. |
| The emergence of the contracts from 2003 and 2006, which were co-signed by Infantino, link Uefa for the first time to one of the companies involved in the huge unfolding scandal that has brought down former Fifa president Sepp Blatter. | The emergence of the contracts from 2003 and 2006, which were co-signed by Infantino, link Uefa for the first time to one of the companies involved in the huge unfolding scandal that has brought down former Fifa president Sepp Blatter. |
| Uefa has denied any wrongdoing by any of its officials or any other marketing partner. | Uefa has denied any wrongdoing by any of its officials or any other marketing partner. |
| It said the contracts were all above board. Fifa has previously insisted Infantino had no dealings with any of the officials currently under investigation – or their companies. | It said the contracts were all above board. Fifa has previously insisted Infantino had no dealings with any of the officials currently under investigation – or their companies. |
| Read on here: | Read on here: |
| Updated | Updated |
| at 7.06pm BST | at 7.06pm BST |
| 6.52pm BST | 6.52pm BST |
| 18:52 | 18:52 |
| The second day of protests is now underway in Iceland. Piers Scholfield, a BBC News Europe Producer tweets this footage: | The second day of protests is now underway in Iceland. Piers Scholfield, a BBC News Europe Producer tweets this footage: |
| Anti-government protest #Iceland-style. pic.twitter.com/NuniC4JYMu | Anti-government protest #Iceland-style. pic.twitter.com/NuniC4JYMu |
| 6.49pm BST | 6.49pm BST |
| 18:49 | 18:49 |
| The whole Icelandic saga continues to break some hearts abroad meanwhile: | The whole Icelandic saga continues to break some hearts abroad meanwhile: |
| Iceland? NO! You are supposed to be perfect! Don't do this to us! Who are we supposed to look up to now? Those jagweeds in Canada? | Iceland? NO! You are supposed to be perfect! Don't do this to us! Who are we supposed to look up to now? Those jagweeds in Canada? |
| 6.48pm BST | 6.48pm BST |
| 18:48 | 18:48 |
| So with the departure of Iceland’s prime minister, Sigmundur Davíð Gunnlaugsson, speculation has focused on the possibility that his post would eventually be filled by the leader of the Independence Party, which is in a coalition with Gunnlaugsson party. | So with the departure of Iceland’s prime minister, Sigmundur Davíð Gunnlaugsson, speculation has focused on the possibility that his post would eventually be filled by the leader of the Independence Party, which is in a coalition with Gunnlaugsson party. |
| Sigurdur Ingi Johansson, the current minister of fisheries and agriculture and a member of Gunnlaugsson’s Progressive , is in line to become prime minister, according to the Financial Times. | Sigurdur Ingi Johansson, the current minister of fisheries and agriculture and a member of Gunnlaugsson’s Progressive , is in line to become prime minister, according to the Financial Times. |
| But what of Bjarni Benediktsson, the finance minister and leader of the Independence Party? He was regarded as a potential replacement for Gunnlaugsson. Trouble is, Benediktsson has himself admitted to once owning part of an offshore company. | But what of Bjarni Benediktsson, the finance minister and leader of the Independence Party? He was regarded as a potential replacement for Gunnlaugsson. Trouble is, Benediktsson has himself admitted to once owning part of an offshore company. |
| Benediktsson will not seek to become PM, according to local reports in Iceland. | Benediktsson will not seek to become PM, according to local reports in Iceland. |