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Poroshenko defends offshore assets amid 'Panama Papers' leak

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By Euronews
Poroshenko defends offshore assets amid 'Panama Papers' leak

Ukrainian President Petro Poroshenko said on Monday (April 4) he’d done nothing wrong, after lawmakers called for an investigation into allegations he used an offshore firm to avoid tax.

He is cited in the so-called Panama Papers as having set up a company in the Virgin Islands for his confectionery business, Roshen, in August 2014.

Poroshenko said on Twitter he had handed over management of his assets to consulting and law firms when he took office two years ago.

Poroshenko’s legal adviser, Kiev-based Avellum, called the tax-evasion allegations groundless and said Roshen met all its Ukrainian tax obligations.

Lawmakers, including from within his own faction, have called for a parliamentary committee to look into the allegations.

Under Ukrainian law, only parliament can launch an investigation into a sitting president.