Bitesized Blighty: April 8, 2016
The Prime Minister ended up embroiled in scandal this week, as his father was named as one of the individuals in the Panama Papers leak. The leak - which revealed countless people guilty of setting up holding companies through a Panamanian bank in order to limit tax - has placed Cameron in a very difficult position due to his parties line of transparency in relation to tax. What’s even more controversial is that after one of the most horrific PR performances in history, the PM has revealed that he has personally profited from his father’s actions. Not a nice week to be David Cameron... Read More
British oil company, Petrofac, has called in lawyers and auditors to investigate claims a former executive paid $2m to clinch a major oil deal in Kuwait. The services firm has found itself at the centre of a global corruption scandal that emerged after leaked documents suggested that Monaco-based Unaoil paid bribes on behalf of oil companies, including Petrofac. Read More
The Duke and Duchess of Cambridge will visit the Taj Mahal, the scene of a famous photo of a solitary Princess Diana more than two decades ago that fuelled much speculation about the state of her relationship with Prince Charles. British diplomats are even said to have asked Indian authorities to dismantle scaffolding so as not to spoil royal photo - somebody say ‘Selfie!’ Read More