Data from the Panama Papers reportedly show Prime Minister Malcolm Turnbull was once a director of an offshore company set up by Mossack Fonseca, the controversial law firm that’s helped millionaires dodge tax.
The Australian Financial Review reports Mr Turnbull and former NSW Premier Neville Wran were on a board of Star Mining NL and its subsidiary in the British Virgin Islands, Star Technology Service, a company set up by Mossack Fonseca,
The Australian listed company, Star Mining, hoped to develop a $20 billion Siberian gold mine called Sukhoi Log.
A spokesperson for Mr Turnbull told the AFR that the Prime Minister was not aware that the company was administered by Mossack Fonseca. There is no suggestion that Mr Turnbull has acted improperly while a director.
Mr Turnbull and Mr Wran resigned from Star Mining and stepped down from Star Technology in September 1995.
Released last month, the Panama Papers are leaked records from Mossack Fonseca which has exposed a world of offshore tax havens. More than 800 Australian clients of Mossack Fonseca are now being investigated by the Australian Tax Office as a result.