The Latest: Algeria blocks Le Monde from covering talks

Staff Writer
Columbus CEO

LONDON (AP) — The Latest on developments relating to the massive leak of financial documents on offshore accounts from a Panamanian law firm. (all times local):

2:05 p.m.

Fallout from a massive leak of offshore finance data has led to a media boycott of the talks between French and Algerian ministers after authorities in the North African country denied visas to journalists from Le Monde.

Le Monde was one of many media organizations that broke news from the leak of offshore data from the Panamanian law firm Mossack Fonseca. The flagship French daily notably explored the finances of several high-profile Algerians, including Industry Minister Abdeslam Bouchouareb.

Algeria has since refused visas for Le Monde and the French satirical news show "Le Petit Journal." Other French reporters have refused to cover the talks in solidarity.

In a Twitter message, French Prime Minister Manuel Valls expressed his "profound regrets" over the visa denials and promised to bring it up during his trip.


1 p.m.

British Prime Minister David Cameron has admitted that he bungled his admission of his investment in an offshore fund revealed in the mammoth data breach of a Panama law firm.

Cameron drew laughs and applause Saturday from Conservative Party activists as he opened his speech with a mea culpa. "Well, it not been a great week," he deadpanned. "I could have handled this better. I know there are lessons to learn, and I will learn them."

It was Cameron's first public appearance since his admission Thursday night that he had owned shares in a Bahamas-based trust from 1997 to 2010. He had sidestepped persistent questions on the issue for four days.

Cameron faces mounting pressure from opposition lawmakers to reveal the full extent of his past investment in offshore investments, particularly those run by his late father, Ian, a millionaire stockbroker who placed much off his savings in trusts based in island tax havens. Labour Party leader Jeremy Corbyn and others say they will press Cameron on the issue when Parliament reconvenes Monday.

The British prime minister is one of scores of political leaders, celebrities and sports stars linked to shell companies and investment trusts organized by the Panama City-based law firm Mossack Fonseca.