Europe

The Latest: Spanish minister linked to offshore firm

  • In this March 2, 2016 photo, a man is reflected on the glass display with an image of the night skyline in Hong Kong. Hong Kong has emerged as a major design center for offshore vehicles, a place brimming with people expert at packaging and protecting wealth. The back pages of newspapers here teem with advertisements for corporate formation companies, one-stop shops promising fast bank account opening, corporate compliance, tax and accountancy services. Offshore vehicles are used to minimize tax, mitigate political risk, and circumvent onerous regulations in China. And they are completely legal. (AP Photo/Kin Cheung)

    In this March 2, 2016 photo, a man is reflected on the glass display with an image of the night skyline in Hong Kong. Hong Kong has emerged as a major design center for offshore vehicles, a place brimming with people expert at packaging and protecting wealth. The back pages of newspapers here teem with advertisements for corporate formation companies, one-stop shops promising fast bank account opening, corporate compliance, tax and accountancy services. Offshore vehicles are used to minimize tax, mitigate political risk, and circumvent onerous regulations in China. And they are completely legal. (AP Photo/Kin Cheung)  (The Associated Press)

  • Britain's Prime Minister David Cameron leaves 10 Downing Street in central London to appear before MPs for the first time since it emerged he had profited from an offshore fund, Monday April 11, 2016. Cameron will try to restore his government’s shaken reputation for competence with a statement in the House of Commons later Monday, after days of damaging headlines about his links to an offshore wealth fund. (Stefan Rousseau / PA via AP) UNITED KINGDOM OUT - NO SALES - NO ARCHIVES

    Britain's Prime Minister David Cameron leaves 10 Downing Street in central London to appear before MPs for the first time since it emerged he had profited from an offshore fund, Monday April 11, 2016. Cameron will try to restore his government’s shaken reputation for competence with a statement in the House of Commons later Monday, after days of damaging headlines about his links to an offshore wealth fund. (Stefan Rousseau / PA via AP) UNITED KINGDOM OUT - NO SALES - NO ARCHIVES  (The Associated Press)

The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):

12:55 p.m.

A Spanish digital news site has published documents showing that Spain's acting minister of industry, energy and tourism was a director of a Bahamian offshore company in 1992, three years before he entered politics.

A September 1992 document obtained by El Confidencial names Jose Manuel Soria and another man as the directors of the company named U.K. Lines.

But another document from November 1992 says Soria's name was submitted by mistake and asks for him to be replaced by his brother, Luis Alberto Soria.

Soria and his ministry did not immediately comment on the report published Monday.

Soria last week told reporters that people named in the massive leak of documents from Panamanian law firm Mossack Fonseca that specializes in setting up offshore companies have an obligation to explain themselves quickly.

El Confidencial says the company was dissolved in March 1995. Soria was elected three months later as mayor of the city of Las Palmas in the Canary Islands.