David Cameron admits that he owned stake in father's offshore Trust

David Cameron admits that he owned stake in father's offshore Trust

What is implied by the revelation of Panama Papers which incidentally has caused a sensation these days is about the group of people who engaged in concealing money with a company in

Panama by making investments there.

Among prominent figures who were accused of this was Ian Cameron, the deceased father of Prime Minister David Cameron thus creating a strong influence on David Cameron's political career with his father thus hiding money. Until 5 days elapsed since Cameron's name was revealed to the world the Prime Minister's Office rejected all these allegations and the Prime Minister was brought before ITV Channel of that country and was made to face the public. When participating in a discussion, Cameron admitted that what was said at the beginning was incorrect and that his father did actually invest in Panama in that manner. Whatever it is, he simultaneously mentioned that the firm so referred to is no more and that he and his wife had inherited it from his father in 1997 and that it was sold in 2010 after the demise of his father.

Cameron pointed out that this company by the name of Blairmore Holdings in which his father had invested was started by his father in 1980 and that because of excessive taxes in England, in order to escape from it he had continued its activities as a firm in Panama. Once it was sold for an amount of 35000 Sterling Pounds in 2010, he said that neither he nor members of the Cameron family know anything about it.

After this was revealed, the British Opposition had asked Cameron to step down from his position immediately. On the other hand the Prime Minister of Iceland has already resigned on his own. He resigned not because he admitted the accusation but because the public would be agitated.

In the process, because David Cameron displayed a response of this nature; a notion of acceptance had developed that Panama Papers are not something false. The video where Cameron accepts that fact in the presence of the public, from below