01:49 GMT +324 April 2019
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    Economic Development Minister Alexei Ulyukayev

    Russian Economic Development Minister Denies Links to Offshore Allegations

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    #PanamaPapers: Biggest Ever Offshore Leaks (94)
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    Russian Economic Development Minister Alexei Ulyukayev said on Monday he was not anyhow related to the recent allegations that linked dozens of politicians across the world to shell firms abroad.

    MOSCOW (Sputnik) — A huge leak of allegedly secret papers from Panama-based firm Mossack Fonseca reportedly showed how world leaders, politicians and celebrities used tax havens for 40 years to evade taxes and launder money.

    Some of the data released Sunday by Germany’s newspaper Sueddeutsche Zeitung allegedly showed that Ulyukayev’s son was director of a shell company called Ronnieville that was set up in the British Virgin Islands in 2004. It existed until 2009.

    "I do not completely understand the mechanism and character of the ongoing media hype. I have no relations to these events. I have been filing my taxes and they can be easily traced back for years," Ulyukayev told reporters.

    Mossack Fonseca responded by refusing to validate the information contained in the leaks and accused reporters of gaining unauthorized access to its proprietary documents. It warned that using unlawfully-obtained data was a crime that it would not hesitate to punish by legal means.

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    #PanamaPapers: Biggest Ever Offshore Leaks (94)

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