This content is not available in your region

Spain's acting Industry Minister resigns

Access to the comments Comments
By Catherine Hardy  with Reuters, AFP
Spain's acting Industry Minister resigns

<p><p></p> <h3><strong>What is happening?</strong></h3> </p> <p>Spain’s acting Industry Minister Jose Manuel Soria has resigned.</p> <p>It comes after his name was linked to offshore companies in Panama and Jersey at the beginning of the week.</p> <p>Two Spanish media outlets say they have seen documents proving he headed an offshore firm with his brother. <p></p> <blockquote class="twitter-tweet" data-lang="en"align="center"><p lang="en" dir="ltr">Some background on resignation of Spain's industry minister, Jose Manuel Soria, over Panana <a href="https://t.co/xd6nAVjfQM">https://t.co/xd6nAVjfQM</a> <a href="https://t.co/auujlfvA1r">pic.twitter.com/auujlfvA1r</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/720882219481374722">April 15, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> </p> <p> <h3><strong>The Panama Papers claim another scalp</strong></h3> </p> <blockquote class="twitter-tweet" data-lang="en"align="center"><p lang="en" dir="ltr">More details: Spain's industry minister quits after conflicting accounts over Panama links <a href="https://t.co/pI4ctlTag2">https://t.co/pI4ctlTag2</a> <a href="https://t.co/kGGWd64bAc">pic.twitter.com/kGGWd64bAc</a></p>— Bloomberg (@business) <a href="https://twitter.com/business/status/720877362506665984">April 15, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p> <p>Soria is among scores of public figures worldwide who have been linked to the “Panama Papers” – 11.5 million leaked documents from Panamanian law firm Mossack Fonseca, which specialises in setting up offshore companies.</p> <p>Soria denies all wrongdoing.</p> <p>He says he is stepping down to limit any damage to the caretaker centre-right <a href="http://www.pp.es/" title="PP">People’s Party</a> government.</p> </p> <blockquote class="twitter-tweet" data-lang="en"align="center"><p lang="es" dir="ltr">José Manuel Soria, el quinto ministro que deja el Gobierno de <a href="https://twitter.com/marianorajoy"><code>marianorajoy</a> <a href="https://t.co/Rx80R8hBbG">https://t.co/Rx80R8hBbG</a> <a href="https://t.co/ztyeDtGriD">pic.twitter.com/ztyeDtGriD</a></p>&mdash; laSexta Noticias (</code>sextaNoticias) <a href="https://twitter.com/sextaNoticias/status/720884563921084416">April 15, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p> <p>The PP has been plagued by a string of corruption scandals.</p> <p>Politicians from all parties, currently struggling to form a coalition to head the next government after inconclusive elections in December, have called for Soria’s resignation.</p> <p>Spain is facing a potential second general election after an inconclusive vote in December.</p> </p> <h3><strong>What they are saying</strong></h3> <p> <p>“I totally deny that I have anything to do with any company based in Panama, or any other tax haven. From today, I am leaving political life,” – <strong>Jose Manuel Soria</strong> denies an allegation that he administered the Bahamas-based offshore company UK Lines Limited in 1992.</p> <p>“The example to follow is Iceland’s Prime Minister Sigmundur David Gunlaugsson,” – <strong>Spanish Socialist leader Pedro Sanchez</strong>.</p>