ISSN 2330-717X

Spain’s Industry Minister Soria Resigns In Relation To Panama Paper Leaks

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Spain’s Industry Minister José Manuel Soria López resigned Friday after his conflicting explanations regarding his links to an offshore firm set up by the Panamanian law firm Mossack Fonsecaan offshore company that has been named in the Panama Paper leaks.

In a statement, José Manuel Soria López said that, “In light of a series of mistakes made over the course of recent days regarding the explanations I have provided of my business activities prior to entering politics in 1995 due to a lack of precise information about events that happened over 20 years ago; notwithstanding the fact that none of those business activities have any relation or links of any kind to the exercise of my political duties; considering the obvious and clearly serious harm that this situation is causing to the Government of Spain, the Partido Popular, my political colleagues and the voting public against the current political backdrop; I hereby state that, following a conversation with the President of the Government, I informed him of my firm decision to resign from the duties I have held as Minister for Industry, Energy and Tourism since 21 December. I also informed the President of the Government of my decision to step down from my position as Member of the Lower House of Parliament for the Popular Parliamentary Group.”

Additionally, Soria said that he has informed the General Secretary of the Partido Popular that he is resigning from his position as Regional Chairman of the Partido Popular in the Canary Islands.

“In light of the above, as from today I have ceased all forms of political activity,” Soria said, adding that, “Anyone who engages in politics should always set a fine example in terms of their actions and explanations. When that is not the case, they should accept the corresponding responsibilities.”

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