:00:09. > :00:18.More repercussions from the Panama Papers -
:00:19. > :00:20.David Cameron has admitted profiting from his father's offshore
:00:21. > :00:31.investment fund before he became the UK Prime Minister.
:00:32. > :00:33.Russia's President Putin says his opponents are trying
:00:34. > :00:36.to destabilise Russia by linking him to the leaks from Panama.
:00:37. > :00:39.We'll also be live at the heart of the story, in Panama,
:00:40. > :00:40.where the president says he'll improve transparency.
:00:41. > :00:42.This is Nazimuddin Samad, a 28-year-old law student
:00:43. > :00:46.He had publicly criticised radical Islam in Bangladesh.
:00:47. > :00:48.We'll ask why several secular activists
:00:49. > :00:52.And Sweden has opened a hotline for foreigners to phone and ask any
:00:53. > :00:53.questions you might have about the country.
:00:54. > :01:10.I'll play you the call I made earlier.
:01:11. > :01:13.David Cameron has revealed today that he and his wife sold shares
:01:14. > :01:15.worth more than ?30,000 - approximately $42,000 -
:01:16. > :01:19.in an offshore tax haven fund set up by his late father shortly before
:01:20. > :01:34.That was back in 2010. Mr Cameron has faced questions over Blairmore
:01:35. > :01:36.Holdings, a company set up by his father, Ian Cameron, in the 1980s.
:01:37. > :01:38.He went on to say he did not have "anything to hide"
:01:39. > :01:44.He said he paid all British taxes due on the profit.
:01:45. > :01:46.The fund was revealed by the Panama Papers leak
:01:47. > :01:53.Samantha and I had a joint account and we owned 5000 units
:01:54. > :01:55.in Blairmore investment trust which we sold in January
:01:56. > :01:59.2010, that was worth something like ?30,000.
:02:00. > :02:04.I paid income tax on the dividends but there was a profit on it
:02:05. > :02:07.but that was less than the Capital Gains Tax Allowance so I didn't
:02:08. > :02:10.pay capital gains tax but it was subject to all the uk
:02:11. > :02:15.taxes in all the normal ways.
:02:16. > :02:24.That is just coming out in the past hour or so. Let's cross over to our
:02:25. > :02:28.political correspondent, Iain Watson. Good to have you with us.
:02:29. > :02:33.Can you explain reviewer is the significance of what David Cameron
:02:34. > :02:39.said? It is significant in a couple of ways, firstly on when he decided
:02:40. > :02:45.to disclose this information. When BBC's Panorama and other programmes
:02:46. > :02:48.around the world published the Panama Papers, leaked from the law
:02:49. > :02:54.firm, what they showed was a whole range of people of involved in tax
:02:55. > :02:58.avoidance schemes. -- people involved. David Cameron's father,
:02:59. > :03:05.Ian Cameron, set up Blairmore Holdings initially and it was said,
:03:06. > :03:08.from Downing Street, that that was a private family matter. Because of
:03:09. > :03:11.the following headlines David Cameron felt he had to give more
:03:12. > :03:16.information couple of days ago and said he did not hold any shares or
:03:17. > :03:20.investments in offshore trusts, trusts that effectively helped to
:03:21. > :03:24.minimise people's tax bills. But the story kept coming and finally he
:03:25. > :03:27.said that, in the past, and I think the decision to do this was taken
:03:28. > :03:41.last night incidentally, he said that in the past, yes, he did have
:03:42. > :03:44.shares in the investment trust, he sold them at a profit, but he wants
:03:45. > :03:47.to draw a line under this by pointing out the investment trust
:03:48. > :03:48.his father set up was not, in his view, primarily a tax avoidance
:03:49. > :03:51.scheme at all. It was actually set up in the 1980s
:03:52. > :03:54.when capital controls were lifted and people used to be restricted
:03:55. > :03:57.from what they could take in and out of the UK in terms of investments
:03:58. > :04:00.and this was to help people trade in dollar shares and not primarily to
:04:01. > :04:06.avoid tax and that in fact he paid tax on his dividends. He profited at
:04:07. > :04:10.the level that did not make him liable to capital gains tax, for
:04:11. > :04:15.example, so the significance is firstly, why did he not tell people
:04:16. > :04:18.about this sooner, and secondly, we now know that he did have an
:04:19. > :04:24.investment in what certainly his political opponents are saying was a
:04:25. > :04:27.trust set up to help avoid tax, at the very time of course he was
:04:28. > :04:30.campaigning for more tax transparency, so tonight that Labour
:04:31. > :04:36.opposition are choosing him of double standards. He wants to draw a
:04:37. > :04:40.line under it, as you mentioned. But what might the ramifications be for
:04:41. > :04:44.Mr Cameron speaking out on this issue no? Well, I think he took the
:04:45. > :04:48.calculation it was better to speak now rather than have any further
:04:49. > :04:52.information or anything else leaked out into the newspapers or dragged
:04:53. > :04:55.out of them. What he wants to do really concentrate on his campaign
:04:56. > :04:58.to keep Britain inside the European Union and this is proving a huge
:04:59. > :05:03.distraction and so for that reason he gave further information. If he
:05:04. > :05:06.can close this down now and people feel they have heard enough and he
:05:07. > :05:09.has been more transparent than any other Prime Minister, they will move
:05:10. > :05:14.on. There is no back question that what he did and his father dead was
:05:15. > :05:17.legally aboveboard. No laws were broken in doing this but the
:05:18. > :05:21.question is whether there will be a political embarrassment for him
:05:22. > :05:24.because next month he is chairing a big conference all about corruption
:05:25. > :05:30.and tax avoidance, how to clamp down on it, and given that that is the
:05:31. > :05:34.case it was six years in the past and while he was in Opposition, not
:05:35. > :05:39.Government, he did hold shares in companies that have now become very
:05:40. > :05:42.controversial. Iain Watson, explaining that, one of our top
:05:43. > :05:44.stories right now. I want to stay with it but moved to another part of
:05:45. > :05:45.the world. Vladimir Putin denies "any
:05:46. > :05:47.element of corruption" over It's western propaganda, he says,
:05:48. > :05:51.accusing his opponents of trying The Russian president has been
:05:52. > :05:58.striking back at the allegations that link him to a number
:05:59. > :06:00.of offshore companies through some This is from his talk
:06:01. > :06:20.in St Petersburg at the Truth TRANSLATION: Do you know what a
:06:21. > :06:25.product of the news means? They tackled the offshore accounts. Your
:06:26. > :06:31.humble servant was not there. There is no subject to discuss, but the
:06:32. > :06:35.task has been received. One must work on it. How? They made a product
:06:36. > :06:39.for the news. They found some of my acquaintances and friends, dug into
:06:40. > :06:42.something and put it together. I saw those pictures. There are many
:06:43. > :06:45.unspecified people in the background. The photo of myself is
:06:46. > :06:52.placed in the foreground in large size. The idea is being developed.
:06:53. > :06:56.Mr President of Russia has a friend who did something, possibly it has
:06:57. > :07:00.an element of corruption, but which element of corruption? There is
:07:01. > :07:06.none. The fact that the establishment, as an example, the
:07:07. > :07:14.USA, it has Oregon shown by WikiLeaks. -- already been shown by.
:07:15. > :07:15.That was President Vladimir Putin speaking out.
:07:16. > :07:18.So why did Vladimir Putin have to speak out, when he's not even
:07:19. > :07:21.Well, many of the media organisations which broke the story
:07:22. > :07:24.focused on a suspected money laundering ring which involved
:07:25. > :07:27.This man was central to it - he's called Sergei Roldugin,
:07:28. > :07:30.he's a cellist and a close friend of Mr Putin.
:07:31. > :07:32.He is the official owner of companies which appear to be
:07:33. > :07:40.involved in the money laundering operation.
:07:41. > :07:43.Let me just show you what links Vladimir Putin to the leaks,
:07:44. > :07:45.even though he's not named in the papers.
:07:46. > :07:47.This man, Sergei Roldugin, held accounts worth billions
:07:48. > :07:49.of dollars in suspicious offshore transactions - he's a close
:07:50. > :07:51.friend of President Putin and professional cellist.
:07:52. > :07:54.To find out how this is being seen in Russia I spoke to Famil Ismailov
:07:55. > :08:00.The media still avoids mentioning Mr Putin at all and connection with
:08:01. > :08:04.those papers. They speculate on the leaders inculcated in this gamble
:08:05. > :08:10.but of course Mr Putin has a point. His name has not been mentioned in
:08:11. > :08:20.those papers, but Mr Roldugin, at that particular forum Mr Putin said
:08:21. > :08:23.he is proud of his friendship with the cellist, Sergei Roldugin, and he
:08:24. > :08:28.is just a businessman, and mostly a musician, but what he did, Putin
:08:29. > :08:32.said, he brought all that money for musical instruments in Russia and
:08:33. > :08:37.one has to ask, why do you need an offshore company to buy musical
:08:38. > :08:42.instruments? And also, $2 billion, how many instruments are you buying
:08:43. > :08:48.and bringing the Russia? Are they focusing, the Russian media, so you
:08:49. > :08:54.see they are not focusing on Mr Putin or Mr Roldugin. I be looking
:08:55. > :08:59.at any other aspect of the Panama Papers? Other aspects, yes. Robba
:09:00. > :09:05.what is connecting Mr Putin to those papers with two or three lines, Mr
:09:06. > :09:09.Putin says this, that, he distances himself and he has not done anything
:09:10. > :09:14.illegal. That is true, he hasn't, but this attention is taken away
:09:15. > :09:17.from Mr Putin to anything else, -- anyone else, Mr Poroskenko, anyone
:09:18. > :09:23.else mentioned in those papers, but not Mr Putin. Were you surprised he
:09:24. > :09:28.spoke out at this for? I am, to be honest. All of those meetings are
:09:29. > :09:31.carefully organised, carefully orchestrated and scripted. Everyone
:09:32. > :09:36.knows what questions will be asked and the fact they asked this
:09:37. > :09:43.particular question and Mr Putin was obviously ready to answer it shows
:09:44. > :09:44.that the Kremlin takes it very seriously. Thank you.
:09:45. > :09:46.Belgian prosecutors have released new footage
:09:47. > :09:49.of the the prime suspect seen on CCTV footage in the Brussels
:09:50. > :09:52.The footage shows the route he took after leaving the area.
:09:53. > :09:55.The prosecutors have also appealed to the public to come forward with
:09:56. > :10:10.He was a Bangladeshi law student, but on Wednesday he was attacked
:10:11. > :10:12.with machetes in the capital, Dhaka, and then shot dead.
:10:13. > :10:18.He is thought to have been an organiser of a secular
:10:19. > :10:20.campaigning group, and regularly wrote against religious extremism
:10:21. > :10:29.Four other atheist bloggers were killed in Bangladesh last year.
:10:30. > :10:32.Sabir Mustafa the head of the BBC's Bengali service
:10:33. > :10:38.explained the context behind this latest attack.
:10:39. > :10:40.The last one was in November last year, so there was
:10:41. > :10:45.spate of killings was coming to an end, but then late last night
:10:46. > :10:47.news broke that a student at Jagannath
:10:48. > :10:48.College University had been attacked and killed,
:10:49. > :10:51.and it was this morning that it was understood who was
:10:52. > :10:55.killed, and from that we are beginning to understand that it may
:10:56. > :11:00.be part of the same kind of strand of killings we have seen since 2013.
:11:01. > :11:02.So yet another killing with the hallmark machete attack
:11:03. > :11:04.on the head, and the victim being an atheist
:11:05. > :11:10.And who may have carried it out, do you understand at the moment?
:11:11. > :11:13.So far nobody has claimed responsibility, but in
:11:14. > :11:16.the past all the killings were claimed by two groups,
:11:17. > :11:21.Both claimed to be the Bangladeshi affiliate of Al-Qaeda.
:11:22. > :11:23.One was called Ansarullah Bangla Team, and the other one was
:11:24. > :11:33.They both claim allegiance to Al-Qaeda, and the
:11:34. > :11:36.police believe they are small, that they operate in small cells, and
:11:37. > :11:38.that there are powerful coordinators and planners behind each killing.
:11:39. > :11:41.The police say they may have identified the killers but not the
:11:42. > :11:47.Well, you mentioned there were these other attacks and
:11:48. > :11:50.Has the government actually prosecuted
:11:51. > :11:53.Only one killing has been prosecuted.
:11:54. > :11:59.Two people have been sentenced to death and several
:12:00. > :12:02.others given life sentences, but none of the others - never mind any
:12:03. > :12:06.prosecution - nobody has even been charged.
:12:07. > :12:07.And from one killing, two
:12:08. > :12:12.of the killers were actually caught red-handed by the public and handed
:12:13. > :12:17.over to police, and they immediately kind of confessed the killing
:12:18. > :12:20.to the police, but even to this day, more than a year and a half,
:12:21. > :12:23.they have not even been charged, so there is this feeling among
:12:24. > :12:26.the public that the government is not really taking
:12:27. > :12:28.these killings seriously enough and the police are not actually
:12:29. > :12:31.doing the kind of work they need to do to bring all these people
:12:32. > :12:44.In a few minutes we'll be live at a major awards ceremony
:12:45. > :12:48.for video games in London - this game, Everybody's Gone
:12:49. > :13:28.Today it is about the promise of a bright future... The day we hope a
:13:29. > :13:42.line can be drawn under the bloody past.
:13:43. > :13:54.I think that Picasso's works were beautiful, they were intelligent,
:13:55. > :14:03.and it is a sad loss, to everybody who loves art.
:14:04. > :14:09.Might this is Outside Source live from the BBC News newsroom. Our top
:14:10. > :14:13.story... David Cameron has admitted profiting
:14:14. > :14:15.from his father's offshore investment fund before he became
:14:16. > :14:28.the UK Prime Minister. And San Su Chi's new government in
:14:29. > :14:32.the Armagh says it will work towards losing all political prisoners in
:14:33. > :14:38.the next few weeks. She says it is one of her ministers and's top
:14:39. > :14:45.stories and BBC Burmese is that it story. Denmark said they have
:14:46. > :14:49.arrested people plotting with Islamic State in Syria and the
:14:50. > :14:53.arrested people in Copenhagen. BBC Arabic has that story. The French
:14:54. > :14:58.parliament has voted to make it illegal to pay for sex. People cart
:14:59. > :15:02.buying the services of a sex worker could be fined nearly 1500 euros for
:15:03. > :15:04.the first offence, and that is one of our most read stories on the BBC
:15:05. > :15:31.News website. The BAFTAs are the UK's
:15:32. > :15:33.biggest film and TV awards. But tonight video games
:15:34. > :15:35.are in the spotlight In case you're wondering why that's
:15:36. > :15:39.a big deal, look at these numbers. The global games market was worth
:15:40. > :15:42.$83.6 billion in 2014. And it is expected to reach
:15:43. > :15:44.$113 billion by 2018 - that's according to
:15:45. > :15:46.an industry trade body. And the UK is a big player -
:15:47. > :15:50.British game Grand Theft Auto 5 made $1 billion worldwide in just three
:15:51. > :15:53.days, making it the most successful entertainment product
:15:54. > :15:54.of all time including movies. Leading the nominations this
:15:55. > :15:57.year is an indie title - The game involves the player trying
:15:58. > :16:00.to find out what happened to the inhabitants of an abandoned
:16:01. > :16:22.English village. The data is coming through faster
:16:23. > :16:28.than I can encode it. Please, I love you. You need to get out of here. I
:16:29. > :16:33.can open the gate manually and let you in. It is too dangerous. You
:16:34. > :16:38.don't understand what has happened. That is the rapture. So many people
:16:39. > :16:40.are into it. Our correspondent Chris Foxx
:16:41. > :16:52.is at the Bafta Games' red carpet. Good to have you back with us. We
:16:53. > :17:01.spoke a couple of hours ago. What can you tell us? What the winners? A
:17:02. > :17:05.big night for everyone has gone to the raptures. They have three
:17:06. > :17:11.awards. The game focuses around and audio adventure where you are trying
:17:12. > :17:15.to find out what has happened to everyone in the village. Three
:17:16. > :17:20.awards for an independent game, which is a bit of police work. You
:17:21. > :17:24.are on a computer try to find out if someone has committed a murder. You
:17:25. > :17:30.are listening to one actress giving her side of the story. Interesting
:17:31. > :17:35.game. The best game went to a big-ticket game... I have forgotten
:17:36. > :17:48.who it was! It was a big-ticket game and no one was going to -- and no
:17:49. > :17:53.one expected that. Thank you. Our correspondence big into was from
:17:54. > :18:09.East London, an area that's is known for gaming. Let's get back to our
:18:10. > :18:15.main story. Singapore has been tipped for the most people wanting
:18:16. > :18:31.to open an offshore account. Hong Kong is not far behind. Big is this
:18:32. > :18:39.is also setting up shop offshore. Our correspondence has more.
:18:40. > :18:44.Setting up an offshore account will take you a couple of hours. Pretty
:18:45. > :18:49.simple, but here is where it gets complicated. There is a difference
:18:50. > :18:54.between tax evasion and tax avoidance. Someone who has income to
:18:55. > :18:59.report and does not report it, that is illegal. But tax avoidance is
:19:00. > :19:03.different. If you found a loophole in the tax system which takes
:19:04. > :19:08.advantage of provisions to avoid paying tax, well then, depending on
:19:09. > :19:12.the country that you are in, you might not be doing anything illegal
:19:13. > :19:21.at all. But we're not just about people here. Companies do it as
:19:22. > :19:25.well. Google, Apple, Microsoft, or household names and all have
:19:26. > :19:30.admitted recently to being under audit by the Australian tax
:19:31. > :19:35.authorities for having their services and marketing have set up
:19:36. > :19:42.in Singapore. Less tax than in Australia but they say they are not
:19:43. > :19:45.doing anything wrong and Singapore is an important hub. Australia says
:19:46. > :19:59.if you make money in Australia, you should be making the lee-macro
:20:00. > :20:06.paying tax their, too. -- you should be paying tax there as well.
:20:07. > :20:12.Frankly, it is all about who goes first. If one offshore banking
:20:13. > :20:18.centre opens itself up to greater scrutiny, there is a chance their
:20:19. > :20:21.wealthy customers will flee, looking for the next most secret place to
:20:22. > :20:32.hide their cash. Stories like this have
:20:33. > :20:33.cast the spotlight on how much tax is -
:20:34. > :20:36.or isn't - paid by But what does it tell us
:20:37. > :21:06.about the wider economy, I think we need strong institutions
:21:07. > :21:19.and more transparency. We need to adjust our policy. We need to make
:21:20. > :21:29.sure growth does not only benefit a small group of global elite, but
:21:30. > :21:33.then if it's all of society. Recent evidence has suggested that income
:21:34. > :21:45.inequality has reduced since the recession. Is that right? If you
:21:46. > :21:51.compare the 1980s, 1970s with today, in most developed countries we have
:21:52. > :22:00.had rising inequality. We have to look at wealth inequality and there
:22:01. > :22:04.is a definite rise in the UK. When you have the kind of real estate
:22:05. > :22:11.prices you have in London it means that access to properties for
:22:12. > :22:18.working families is extremely difficult. What do you think of the
:22:19. > :22:25.economic threats now? To me the main problem with the rising inequality
:22:26. > :22:31.in the long one is that there is a risk that it will lead to a
:22:32. > :22:36.political instability and in some cases the rise of National is. When
:22:37. > :22:43.you don't manage to solve your local domestic inequality and social
:22:44. > :22:49.problems in a peaceful matter, it is easy to blame others. So you can
:22:50. > :22:57.blame foreign workers, like the extreme right in France. You can
:22:58. > :23:05.blame for occurrences -- foreign countries or Europe. This will not
:23:06. > :23:08.solve the problem. Why is growth so weak. You look at the Eurozone,
:23:09. > :23:18.Britain, America, real concerns about the levels. There has been too
:23:19. > :23:23.much austerity. There has been an attempt in the Eurozone to reduce
:23:24. > :23:27.the deficit to fast. When you look at the growth in Europe compared to
:23:28. > :23:33.the United States, it is clear we have started a new recession in
:23:34. > :23:43.2011, 2012 and 2013 which has led to excessive austerity. It has also led
:23:44. > :23:50.to a rise in xenophobia at a time when Europe needed to be more open
:23:51. > :23:55.about the refugee crisis. Is immigration and economic good? Yes.
:23:56. > :24:01.I think the European Union needs to absorb a large flow of immigrants. 1
:24:02. > :24:08.million a year, that is exactly what we have is in 2010 and it was
:24:09. > :24:15.working. If you were advising George Osborne, you would presumably say
:24:16. > :24:20.you don't need to hit a budget surplus by 2030. What I find
:24:21. > :24:26.particularly incredible in these policies is we need to cut the
:24:27. > :24:33.deficit, we don't have money, but we have money to cut the taxes of their
:24:34. > :24:40.income groups. It is a contradiction. What do you think the
:24:41. > :24:51.effect of Britain leaving the EU would be? It would be very sad.
:24:52. > :25:00.Britain is a big part of Europe. You took part in inventing parliamentary
:25:01. > :25:03.democracy. I will be sad. That being said, it would be even worse for
:25:04. > :25:10.Britain. Everybody reasonable knows that if Britain votes to exit the
:25:11. > :25:14.European Union, Scotland will vote to exit Britain and Britain will be
:25:15. > :25:22.left as a small country, isolated from the rest of Europe.
:25:23. > :25:30.Some breaking news. Panama has decided it will deepen talks with
:25:31. > :25:34.the ACE D in terms of sharing tax information. The vice president has
:25:35. > :25:46.been speaking out and says there will be a technical level dialogue
:25:47. > :25:57.between Panama and the OECD. This comes after the Prime Minister
:25:58. > :25:58.admits that he sold shares from an offshore account set up by his late