--- description: The U.K. Prime Minister is under pressure over suggestions that he stands to benefit from an investment fund that his late father ran title: Panama Papers: David Cameron Under Fire Over Offshore Fund image: https://static.time.com/v3/assets/bltea6093859af6183b/blt5d46c05cb8c275ef/698864b3196cf4923d038229/david-cameron2.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Panama Papers](/tag/panama-papers/) ## Panama Papers Update your preferences in [Account Settings](/account/preferences/) Close # Britain's Prime Minister David Cameron Is Under Fire Over His Father's Offshore Fund by [Simon Lewis](/author/simon-lewis/) ## Simon Lewis Update your preferences in [Account Settings](/account/preferences/) Close Apr 6, 2016 4:48 AM CUT  Britain's Prime Minister David Cameron Britain's Prime Minister David CameronToby Melville—Reuters by [Simon Lewis](/author/simon-lewis/) ## Simon Lewis Update your preferences in [Account Settings](/account/preferences/) Close Apr 6, 2016 4:48 AM CUT British Prime Minister David Cameron is under increasing [pressure](http://www.theguardian.com/news/2016/apr/05/david-cameron-left-dangerously-exposed-by-panama-papers-fallout "undefined") over suggestions that he stands to benefit from an offshore investment fund his late father ran. [According](http://www.theguardian.com/news/2016/apr/04/panama-papers-david-cameron-father-tax-bahamas "undefined") to the _Guardian_, a leak of documents from Panama-based law firm Mossack Fonseca reveals that Ian Cameron — the Conservative leader’s father, who died in 2010 — was a director of a company registered in the Bahamas named Blairmore Holdings Inc. (Blairmore is the name of the Victorian country estate in Scotland from where Cameron’s aristocratic family hails.) The _Guardian_ alleges that the fund — founded in the 1980s — has never paid any tax in the U.K., where the senior Cameron and four other directors were based. The Prime Minister himself does not hold shares in the fund, but he faces calls from the opposition Labour Party for an investigation into whether he or his family might stand to benefit from it. When confronted with questions about the fund during a [televised](http://www.theguardian.com/politics/video/2016/apr/05/david-cameron-denies-having-any-shares-offshore-trust-fund-video "undefined") appearance Tuesday, Cameron, who has taken a tough stance against financial secrecy since taking office in 2010, said: “I have no shares, no offshore trusts, no offshore funds, nothing like that.” Cameron’s office issued a further clarification that “the prime minister, his wife and their children do not benefit from any offshore funds,” the _Guardian_ reports. But [questions](http://www.mirror.co.uk/news/uk-news/david-cameron-dodges-questions-familys-7694019 "undefined") remain over whether Cameron or his family will benefit in the future. According to the _Guardian_, Blairmore Holdings is now based in Ireland and manages more than $31 million. The massive leak of 11.5 million documents known as the Panama Papers has already led to the [resignation](http://time.com/4282216/iceland-prime-minister-resigns/ "undefined") of Iceland’s Prime Minister, who was revealed to have co-owned a company offshore that he did not disclose when entering parliament. About half the companies named in the leaks are based in the British Virgin Islands. \[[_Guardian_](http://www.theguardian.com/news/2016/apr/05/david-cameron-left-dangerously-exposed-by-panama-papers-fallout "undefined")\] ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/4283181/britain-david-cameron-panama-papers/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4283181/britain-david-cameron-panama-papers/"},"headline":"Britain's Prime Minister David Cameron Is Under Fire Over His Father's Offshore Fund","datePublished":"2016-04-06T04:48:07.000Z","dateModified":"2026-02-22T16:29:29.147Z","description":"The U.K. Prime Minister has become embroiled in fallout from the Panama Papers leak","url":"https://time.com/4283181/britain-david-cameron-panama-papers/","keywords":["Panama Papers","David Cameron","uk","United Kingdom"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt5d46c05cb8c275ef/698864b3196cf4923d038229/david-cameron2.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Simon Lewis","jobTitle":null,"url":"https://time.com/author/simon-lewis/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt5d46c05cb8c275ef/698864b3196cf4923d038229/david-cameron2.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Britain's Prime Minister David Cameron waits to meet his Danish counterpart Lars Lokke Rasmussen outside of 10 Downing Street in London, September 21, 2015. 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