07/04/2016 Outside Source

More repercussions from the Panama Papers -

David Cameron has admitted profiting from his father's offshore

investment fund before he became the UK Prime Minister.

Russia's President Putin says his opponents are trying

to destabilise Russia by linking him to the leaks from Panama.

We'll also be live at the heart of the story, in Panama,

where the president says he'll improve transparency.

This is Nazimuddin Samad, a 28-year-old law student

He had publicly criticised radical Islam in Bangladesh.

We'll ask why several secular activists

And Sweden has opened a hotline for foreigners to phone and ask any

questions you might have about the country.

I'll play you the call I made earlier.

David Cameron has revealed today that he and his wife sold shares

worth more than ?30,000 - approximately $42,000 -

in an offshore tax haven fund set up by his late father shortly before

That was back in 2010. Mr Cameron has faced questions over Blairmore

Holdings, a company set up by his father, Ian Cameron, in the 1980s.

He went on to say he did not have "anything to hide"

He said he paid all British taxes due on the profit.

The fund was revealed by the Panama Papers leak

Samantha and I had a joint account and we owned 5000 units

in Blairmore investment trust which we sold in January

2010, that was worth something like ?30,000.

I paid income tax on the dividends but there was a profit on it

but that was less than the Capital Gains Tax Allowance so I didn't

pay capital gains tax but it was subject to all the uk

taxes in all the normal ways.

That is just coming out in the past hour or so. Let's cross over to our

political correspondent, Iain Watson. Good to have you with us.

Can you explain reviewer is the significance of what David Cameron

said? It is significant in a couple of ways, firstly on when he decided

to disclose this information. When BBC's Panorama and other programmes

around the world published the Panama Papers, leaked from the law

firm, what they showed was a whole range of people of involved in tax

avoidance schemes. -- people involved. David Cameron's father,

Ian Cameron, set up Blairmore Holdings initially and it was said,

from Downing Street, that that was a private family matter. Because of

the following headlines David Cameron felt he had to give more

information couple of days ago and said he did not hold any shares or

investments in offshore trusts, trusts that effectively helped to

minimise people's tax bills. But the story kept coming and finally he

said that, in the past, and I think the decision to do this was taken

last night incidentally, he said that in the past, yes, he did have

shares in the investment trust, he sold them at a profit, but he wants

to draw a line under this by pointing out the investment trust

his father set up was not, in his view, primarily a tax avoidance

scheme at all. It was actually set up in the 1980s

when capital controls were lifted and people used to be restricted

from what they could take in and out of the UK in terms of investments

and this was to help people trade in dollar shares and not primarily to

avoid tax and that in fact he paid tax on his dividends. He profited at

the level that did not make him liable to capital gains tax, for

example, so the significance is firstly, why did he not tell people

about this sooner, and secondly, we now know that he did have an

investment in what certainly his political opponents are saying was a

trust set up to help avoid tax, at the very time of course he was

campaigning for more tax transparency, so tonight that Labour

opposition are choosing him of double standards. He wants to draw a

line under it, as you mentioned. But what might the ramifications be for

Mr Cameron speaking out on this issue no? Well, I think he took the

calculation it was better to speak now rather than have any further

information or anything else leaked out into the newspapers or dragged

out of them. What he wants to do really concentrate on his campaign

to keep Britain inside the European Union and this is proving a huge

distraction and so for that reason he gave further information. If he

can close this down now and people feel they have heard enough and he

has been more transparent than any other Prime Minister, they will move

on. There is no back question that what he did and his father dead was

legally aboveboard. No laws were broken in doing this but the

question is whether there will be a political embarrassment for him

because next month he is chairing a big conference all about corruption

and tax avoidance, how to clamp down on it, and given that that is the

case it was six years in the past and while he was in Opposition, not

Government, he did hold shares in companies that have now become very

controversial. Iain Watson, explaining that, one of our top

stories right now. I want to stay with it but moved to another part of

the world. Vladimir Putin denies "any

element of corruption" over It's western propaganda, he says,

accusing his opponents of trying The Russian president has been

striking back at the allegations that link him to a number

of offshore companies through some This is from his talk

in St Petersburg at the Truth TRANSLATION: Do you know what a

product of the news means? They tackled the offshore accounts. Your

humble servant was not there. There is no subject to discuss, but the

task has been received. One must work on it. How? They made a product

for the news. They found some of my acquaintances and friends, dug into

something and put it together. I saw those pictures. There are many

unspecified people in the background. The photo of myself is

placed in the foreground in large size. The idea is being developed.

Mr President of Russia has a friend who did something, possibly it has

an element of corruption, but which element of corruption? There is

none. The fact that the establishment, as an example, the

USA, it has Oregon shown by WikiLeaks. -- already been shown by.

That was President Vladimir Putin speaking out.

So why did Vladimir Putin have to speak out, when he's not even

Well, many of the media organisations which broke the story

focused on a suspected money laundering ring which involved

This man was central to it - he's called Sergei Roldugin,

he's a cellist and a close friend of Mr Putin.

He is the official owner of companies which appear to be

involved in the money laundering operation.

Let me just show you what links Vladimir Putin to the leaks,

even though he's not named in the papers.

This man, Sergei Roldugin, held accounts worth billions

of dollars in suspicious offshore transactions - he's a close

friend of President Putin and professional cellist.

To find out how this is being seen in Russia I spoke to Famil Ismailov

The media still avoids mentioning Mr Putin at all and connection with

those papers. They speculate on the leaders inculcated in this gamble

but of course Mr Putin has a point. His name has not been mentioned in

those papers, but Mr Roldugin, at that particular forum Mr Putin said

he is proud of his friendship with the cellist, Sergei Roldugin, and he

is just a businessman, and mostly a musician, but what he did, Putin

said, he brought all that money for musical instruments in Russia and

one has to ask, why do you need an offshore company to buy musical

instruments? And also, $2 billion, how many instruments are you buying

and bringing the Russia? Are they focusing, the Russian media, so you

see they are not focusing on Mr Putin or Mr Roldugin. I be looking

at any other aspect of the Panama Papers? Other aspects, yes. Robba

what is connecting Mr Putin to those papers with two or three lines, Mr

Putin says this, that, he distances himself and he has not done anything

illegal. That is true, he hasn't, but this attention is taken away

from Mr Putin to anything else, -- anyone else, Mr Poroskenko, anyone

else mentioned in those papers, but not Mr Putin. Were you surprised he

spoke out at this for? I am, to be honest. All of those meetings are

carefully organised, carefully orchestrated and scripted. Everyone

knows what questions will be asked and the fact they asked this

particular question and Mr Putin was obviously ready to answer it shows

that the Kremlin takes it very seriously. Thank you.

Belgian prosecutors have released new footage

of the the prime suspect seen on CCTV footage in the Brussels

The footage shows the route he took after leaving the area.

The prosecutors have also appealed to the public to come forward with

He was a Bangladeshi law student, but on Wednesday he was attacked

with machetes in the capital, Dhaka, and then shot dead.

He is thought to have been an organiser of a secular

campaigning group, and regularly wrote against religious extremism

Four other atheist bloggers were killed in Bangladesh last year.

Sabir Mustafa the head of the BBC's Bengali service

explained the context behind this latest attack.

The last one was in November last year, so there was

spate of killings was coming to an end, but then late last night

news broke that a student at Jagannath

College University had been attacked and killed,

and it was this morning that it was understood who was

killed, and from that we are beginning to understand that it may

be part of the same kind of strand of killings we have seen since 2013.

So yet another killing with the hallmark machete attack

on the head, and the victim being an atheist

And who may have carried it out, do you understand at the moment?

So far nobody has claimed responsibility, but in

the past all the killings were claimed by two groups,

Both claimed to be the Bangladeshi affiliate of Al-Qaeda.

One was called Ansarullah Bangla Team, and the other one was

They both claim allegiance to Al-Qaeda, and the

police believe they are small, that they operate in small cells, and

that there are powerful coordinators and planners behind each killing.

The police say they may have identified the killers but not the

Well, you mentioned there were these other attacks and

Has the government actually prosecuted

Only one killing has been prosecuted.

Two people have been sentenced to death and several

others given life sentences, but none of the others - never mind any

prosecution - nobody has even been charged.

And from one killing, two

of the killers were actually caught red-handed by the public and handed

over to police, and they immediately kind of confessed the killing

to the police, but even to this day, more than a year and a half,

they have not even been charged, so there is this feeling among

the public that the government is not really taking

these killings seriously enough and the police are not actually

doing the kind of work they need to do to bring all these people

In a few minutes we'll be live at a major awards ceremony

for video games in London - this game, Everybody's Gone

Today it is about the promise of a bright future... The day we hope a

line can be drawn under the bloody past.

I think that Picasso's works were beautiful, they were intelligent,

and it is a sad loss, to everybody who loves art.

Might this is Outside Source live from the BBC News newsroom. Our top

story... David Cameron has admitted profiting

from his father's offshore investment fund before he became

the UK Prime Minister. And San Su Chi's new government in

the Armagh says it will work towards losing all political prisoners in

the next few weeks. She says it is one of her ministers and's top

stories and BBC Burmese is that it story. Denmark said they have

arrested people plotting with Islamic State in Syria and the

arrested people in Copenhagen. BBC Arabic has that story. The French

parliament has voted to make it illegal to pay for sex. People cart

buying the services of a sex worker could be fined nearly 1500 euros for

the first offence, and that is one of our most read stories on the BBC

News website. The BAFTAs are the UK's

biggest film and TV awards. But tonight video games

are in the spotlight In case you're wondering why that's

a big deal, look at these numbers. The global games market was worth

$83.6 billion in 2014. And it is expected to reach

$113 billion by 2018 - that's according to

an industry trade body. And the UK is a big player -

British game Grand Theft Auto 5 made $1 billion worldwide in just three

days, making it the most successful entertainment product

of all time including movies. Leading the nominations this

year is an indie title - The game involves the player trying

to find out what happened to the inhabitants of an abandoned

English village. The data is coming through faster

than I can encode it. Please, I love you. You need to get out of here. I

can open the gate manually and let you in. It is too dangerous. You

don't understand what has happened. That is the rapture. So many people

are into it. Our correspondent Chris Foxx

is at the Bafta Games' red carpet. Good to have you back with us. We

spoke a couple of hours ago. What can you tell us? What the winners? A

big night for everyone has gone to the raptures. They have three

awards. The game focuses around and audio adventure where you are trying

to find out what has happened to everyone in the village. Three

awards for an independent game, which is a bit of police work. You

are on a computer try to find out if someone has committed a murder. You

are listening to one actress giving her side of the story. Interesting

game. The best game went to a big-ticket game... I have forgotten

who it was! It was a big-ticket game and no one was going to -- and no

one expected that. Thank you. Our correspondence big into was from

East London, an area that's is known for gaming. Let's get back to our

main story. Singapore has been tipped for the most people wanting

to open an offshore account. Hong Kong is not far behind. Big is this

is also setting up shop offshore. Our correspondence has more.

Setting up an offshore account will take you a couple of hours. Pretty

simple, but here is where it gets complicated. There is a difference

between tax evasion and tax avoidance. Someone who has income to

report and does not report it, that is illegal. But tax avoidance is

different. If you found a loophole in the tax system which takes

advantage of provisions to avoid paying tax, well then, depending on

the country that you are in, you might not be doing anything illegal

at all. But we're not just about people here. Companies do it as

well. Google, Apple, Microsoft, or household names and all have

admitted recently to being under audit by the Australian tax

authorities for having their services and marketing have set up

in Singapore. Less tax than in Australia but they say they are not

doing anything wrong and Singapore is an important hub. Australia says

if you make money in Australia, you should be making the lee-macro

paying tax their, too. -- you should be paying tax there as well.

Frankly, it is all about who goes first. If one offshore banking

centre opens itself up to greater scrutiny, there is a chance their

wealthy customers will flee, looking for the next most secret place to

hide their cash. Stories like this have

cast the spotlight on how much tax is -

or isn't - paid by But what does it tell us

about the wider economy, I think we need strong institutions

and more transparency. We need to adjust our policy. We need to make

sure growth does not only benefit a small group of global elite, but

then if it's all of society. Recent evidence has suggested that income

inequality has reduced since the recession. Is that right? If you

compare the 1980s, 1970s with today, in most developed countries we have

had rising inequality. We have to look at wealth inequality and there

is a definite rise in the UK. When you have the kind of real estate

prices you have in London it means that access to properties for

working families is extremely difficult. What do you think of the

economic threats now? To me the main problem with the rising inequality

in the long one is that there is a risk that it will lead to a

political instability and in some cases the rise of National is. When

you don't manage to solve your local domestic inequality and social

problems in a peaceful matter, it is easy to blame others. So you can

blame foreign workers, like the extreme right in France. You can

blame for occurrences -- foreign countries or Europe. This will not

solve the problem. Why is growth so weak. You look at the Eurozone,

Britain, America, real concerns about the levels. There has been too

much austerity. There has been an attempt in the Eurozone to reduce

the deficit to fast. When you look at the growth in Europe compared to

the United States, it is clear we have started a new recession in

2011, 2012 and 2013 which has led to excessive austerity. It has also led

to a rise in xenophobia at a time when Europe needed to be more open

about the refugee crisis. Is immigration and economic good? Yes.

I think the European Union needs to absorb a large flow of immigrants. 1

million a year, that is exactly what we have is in 2010 and it was

working. If you were advising George Osborne, you would presumably say

you don't need to hit a budget surplus by 2030. What I find

particularly incredible in these policies is we need to cut the

deficit, we don't have money, but we have money to cut the taxes of their

income groups. It is a contradiction. What do you think the

effect of Britain leaving the EU would be? It would be very sad.

Britain is a big part of Europe. You took part in inventing parliamentary

democracy. I will be sad. That being said, it would be even worse for

Britain. Everybody reasonable knows that if Britain votes to exit the

European Union, Scotland will vote to exit Britain and Britain will be

left as a small country, isolated from the rest of Europe.

Some breaking news. Panama has decided it will deepen talks with

the ACE D in terms of sharing tax information. The vice president has

been speaking out and says there will be a technical level dialogue

between Panama and the OECD. This comes after the Prime Minister

admits that he sold shares from an offshore account set up by his late