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    Spain's Industry Minister Jose Manuel Soria (C) arrives for an event in Madrid, Spain, April 13, 2016

    Spain's Acting Minister of Industry Resigns Over Links to Offshore Firms

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    #PanamaPapers: Biggest Ever Offshore Leaks (94)

    Spain's acting Minister of Industry Jose Manuel Soria resigned on Friday due to his links to offshore companies exposed in the Panama Papers, the ministry said in a statement.

    MADRID (Sputnik) Earlier in April, the German newspaper Sueddeutsche Zeitung exposed the alleged involvement of the world's wealthy, including a number of former and current leaders, in offshore schemes by publishing materials it claimed came from Mossack Fonseca, a Panama firm selling offshore companies. Soria was included in the materials.

    "[He resigned due to] errors committed in the past few days over explanations related to [his] business activities prior to the start of his political career in 1995," the statement read.

    The statement added that Soria was to fully withdraw from politics.

    Earlier this week Spanish media said Soria was named as UK Lines Limited company director in the Bahamas in September 1992. The company shut down in 1995 before Soria launched his campaign in the elections for the mayor of the Spanish city of Las Palmas.

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