Australian Prime Minister Malcolm Turnbull on Thursday denied any wrongdoing after being been named in the Panama Papers as a former director of a British Virgin Islands company set up to exploit a Siberian gold prospect.
Turnbull and former New South Wales Premier Neville Wran joined the board of Australian-listed Star Mining NL in 1993. The company hoped to develop a A$20 billion ($14.67 billion)Siberian gold mine called Sukhoi Log, according to the Australian Financial Review, which first reported the story.
Both Turnbull and Wran were subsequently appointed directors of Star Technology Services, a subsidiary of Star Mining in the British Virgin Islands which had been incorporated by Mossack Fonseca, the Panama-based law firm at the center of the global scandal.
"There is no suggestion of any impropriety whatsoever. There is nothing new there," Turnbull told reporters.