The Latest: Australia in probe of possible tax evasion
The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):
The Australian Taxation Office says it is investigating more than 800 wealthy Australians for possible tax evasion linked to their dealings with a Panamanian law firm, Mossack Fonseca, which is one of the world's biggest creators of shell companies.
The investigation comes a day after the release by the Washington-based International Consortium of Investigative Journalism of details of a cache of 11.5 million records detailing offshore holdings of a dozen current and former world leaders, as well as businessmen, criminals, celebrities and sports stars.
Ramon Fonseca, a co-founder of Mossack Fonseca, confirmed to Panama's Channel 2 television network that the papers were authentic and had been illegally obtained through hacking.
The Australian Tax Office said in a statement that it had linked 120 out of 800 individual Australian taxpayers it found in the data to an unnamed associate offshore services provider in Hong Kong.