British prime minister David Cameron has admitted he and his wife owned shares in an offshore trust set up by his late father before selling them in 2010. Image: David Cameron ... feeling the heat from Panama Papers (AAP)
Cameron says he had owned shares in the Panamanian trust, Blairmore, but sold them in 2010 before becoming prime minister.
Cameron's father was among tens of thousands of people named in leaked documents from the Panama-based law firm Mossack Fonseca.
The so-called Panama Papers showed how the world's rich and powerful are able to conceal wealth and avoid taxes.
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