Reports: UK's David Cameron admits profiting from late dad's offshore fund

April 7, 2016 6:03 PM

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British Prime Minister David Cameron admitted Thursday that he profited from his late father's offshore investment revealed in the Panama Papers leak, according to U.K. newspapers.

Four months before becoming prime minister, David Cameron sold his stake in the fund for $42,000, The Guardian reported.

Also read: Tiger Management-backed hedge fund firm Tyrian Investments to close -source

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