The Latest: Romanian tycoon confirms offshore account

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):

11:40 a.m.

Romania's richest businessman, Ion Tiriac, says he has placed assets in a private foundation in Panama and former CEO of Daimler Klaus Mangold is on the board.

Tiriac said he had a foundation in Panama, and said he paid taxes in the countries he operated in, in comments made to Realitatea TV late Thursday.

Documents published by investigative journalists at Rise Project this week reveal that Tiriac in 2009 used Panama law firm Mossack Fonseca to transfer the control of his assets from an offshore firm registered in the British Virgin Islands to a private foundation registered in Panama, Puma Foundation.

Tiriac's lawyer, Nicolai Mindrila, said Romanian tax authorities were aware of Tiriac's offshore holdings.

Mangold, a friend of Tiriac's and CEO of Daimler from 1995 to 2003, is on Puma Foundation's board.

Tiriac has investments in real estate, automobiles and formerly in banking and Metro, the supermarket chain. He also put his name to the BRD Nastase Tiriac tennis open, a 21-year-old tournament.