UK Prime Minister off Panama hook

British Prime Minister David Cameron will not face any investigation by Parliament about his alleged links with offshore companies allegedly revealed in the investigation of the documents of the Panama Law firm Mossack Fonseca (MF).

The Guardian, reports that Kathryn Hudson, the parliamentary standards commissioner, decided not to investigate the affair, which dates back to the time that Cameron was leader of the opposition. Her office declined to explain the reasons for this decision, according to The Guardian.

The complaint had been brought by the Labour MP John Mann. Cameron admitted that he owned shares in a trust that his father registered in the Bahamas through MF.

Cameron said earlier this month that he sold the shares in January 2010 for $42,000, a few months before taking over as prime minister. He said he did nothing illegal. The existence of the trust had been reported  by media in 2012.