The reports center on FUT Coins
Politicians, celebs in spotlight over offshore accounts ByAssociated Press Published: 15:29 EST, 6 April 2016 | Updated: 15:30 EST, 6 April 2016 e-mail BERLIN (AP) — The fallout from FUT Coins a massive leak of records on offshore accounts dragged a growing number of leaders and celebrities into the spotlight Wednesday, with a Bollywood actor, a race car driver and Ukraine's president among those denying they evaded taxes.
The reports center on millions of documents detailing how the rich and powerful use shell companies in low-tax states like Panama or the Cayman Islands, sometimes giving them fanciful names like "Goldfinger" or "SkyFall."The suspicion that such accounts are used to skirt taxes prompted a rush of denials, statements and, in some cases, media blackouts. Ukrainian President Petro Poroshenko speaks during a press conference at the Japan National Press Club in Tokyo, Wednesday.
April 6, 2016. Poroshenko said at a news conference in Tokyo on Wednesday that an offshore holding company set up for his candy business was a necessary step to put his assets into a blind trust when he became president in 2014.(AP Photo/Shizuo Kambayashi)Ukrainian President Petro Poroshenko was the latest high-profile politician to face scrutiny over the issue, denying he had meant to evade taxes by putting his candy company offshore.Poroshenko had promised voters he would sell his business when he ran for office in 2014.
But according to the reports, he merely moved it secretively offshore.On Wednesday, he said he had done nothing illegal when he created the offshore holding company to put his business in a blind trust when he became president."This is absolutely normal procedure," Poroshenko said during a visit to Tokyo. "If we have anything to be investigated, I am happy to do that.