: Panama Papers scandal causes Spanish industry minister to resign

11:00 Apr. 15, 2016

Panama Papers scandal causes Spanish industry minister to resign

Spain's Minister of Industry, Commerce and Tourism Jose Manuel Soria speaks during the closing session of the Spain-Cuba business meeting in Havana, Cuba, Tuesday, July 7, 2015 (AP Photo)

José Manuel Soria was previously accused of being tied to offshore business activities 20 years ago 

Spanish Minister José Manuel Soria has announced his resignation as a head of the Ministry of Industry, Commerce and Tourism.

He has resigned from the government after media discovery of his relations to 'tax havens' companies. 

Read  also Revealed: Most high-profile offshore account holders in Eastern Europe, ex-Soviet states (GRAPHICS)

However, while announcing about his resignation, he noted that there is "a lack of precise information on events that occurred more than 20 years ago".

The politician has left office as minister, MP and president of the Partido Popular party in the Canary Islands region.

"From today I finish my political activity", José Manuel Soria said.

Last week relation to the Panama Papers scandal forced Iceland Prime Minister to resign, who had to step down as hundreds of protesters gathered in front of the Parliament building.

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