The Latest: Romanian tycoon confirms offshore account

April 8, 2016 10:42 AM

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The Latest: Romanian tycoon confirms offshore account

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.

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