Bookmakers set odds for next leader to resign after Panama Papers mention
U.K. Prime Minister David Cameron to quit over Panama Papers? Odds are 20-to-1 that he will.Whose scalp will the Panama Papers scandal claim next? Irish bookmaker Paddy Power Betfair plc PPB, +0.37% has opened betting lines on which head of state could be the next to go.
Who needs the Grand National when youve got the Panama Papers to punt on? the betting line boasted in a press release on Wednesday.
Icelandic Prime Minister Sigmundur Gunnlaugsson announced yesterday he was stepping down after Panama Papers revelations that he and his wife sought to hide their claims on Icelandic banks that were bailed out by his administration during the financial crisis.
Paddy Power puts the odds of British Prime Minister David Cameron resigning next at 20-1. The leaked documents outed Camerons father Ian Cameron as a client of the Panamanian law firm, Mossack Fonseca, at the center of the scandal. Camerons father used a secret but legal offshore structure to set up a fund for investors. After saying all day Monday that his tax affairs were a private matter, media questions about his familys remaining interest in the fund forced Camerons office, according to BBC reports, to issue a statement affirming that his family [does] not benefit from any offshore trusts.
A surer bet according to the bookmaker is Argentinas President Mauricio Macri at 8-1 odds. Macri won last years general election campaigning on a platform promising to fight corruption but the leaked documents say he was a director of Fleg Trading Ltd, founded in 1998 by his father Franco Macri, one of the richest men in Argentina. The company was dissolved in January 2009. It was an offshore company to invest in Brazil, an investment that ultimately wasnt completed, and where I was director, he said in a television interview with a local program.
A Paddy Power spokesman told Market Watch that to pay off, the leader has to leave after being implicated specifically in the Panama Papers. There have already been a few bets made that Macri and Cameron are next, he said.
Paddy Power also has laid odds that the President of Pakistan Nawaz Sharif will leave at 10-to-1 and Ukraines President Petro Poroshenko almost as good at 12-1. Sharif is mentioned in the leak as the result of a 7 million loan from Deutsche Bank backed up by four London apartments owned by offshore companies established by Mossack Fonseca. Poroshenko nicknamed the chocolate king hid his ongoing interest in his candy company, Roshen, in a blind trust offshore when he became president in 2014. He had promised to sell it after being elected.
Longshots to leave include President Xi Jinping of China, Russias Putin and Frances Francois Hollande, all set at 33-1.
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U.K. Prime Minister David Cameron to quit over Panama Papers? Odds are 20-to-1 that he will.Whose scalp will the Panama Papers scandal claim next? Irish bookmaker Paddy Power Betfair plc PPB, +0.37% has opened betting lines on which head of state could be the next to go.
Who needs the Grand National when youve got the Panama Papers to punt on? the betting line boasted in a press release on Wednesday.
Icelandic Prime Minister Sigmundur Gunnlaugsson announced yesterday he was stepping down after Panama Papers revelations that he and his wife sought to hide their claims on Icelandic banks that were bailed out by his administration during the financial crisis.
Paddy Power puts the odds of British Prime Minister David Cameron resigning next at 20-1. The leaked documents outed Camerons father Ian Cameron as a client of the Panamanian law firm, Mossack Fonseca, at the center of the scandal. Camerons father used a secret but legal offshore structure to set up a fund for investors. After saying all day Monday that his tax affairs were a private matter, media questions about his familys remaining interest in the fund forced Camerons office, according to BBC reports, to issue a statement affirming that his family [does] not benefit from any offshore trusts.
A surer bet according to the bookmaker is Argentinas President Mauricio Macri at 8-1 odds. Macri won last years general election campaigning on a platform promising to fight corruption but the leaked documents say he was a director of Fleg Trading Ltd, founded in 1998 by his father Franco Macri, one of the richest men in Argentina. The company was dissolved in January 2009. It was an offshore company to invest in Brazil, an investment that ultimately wasnt completed, and where I was director, he said in a television interview with a local program.
A Paddy Power spokesman told Market Watch that to pay off, the leader has to leave after being implicated specifically in the Panama Papers. There have already been a few bets made that Macri and Cameron are next, he said.
Paddy Power also has laid odds that the President of Pakistan Nawaz Sharif will leave at 10-to-1 and Ukraines President Petro Poroshenko almost as good at 12-1. Sharif is mentioned in the leak as the result of a 7 million loan from Deutsche Bank backed up by four London apartments owned by offshore companies established by Mossack Fonseca. Poroshenko nicknamed the chocolate king hid his ongoing interest in his candy company, Roshen, in a blind trust offshore when he became president in 2014. He had promised to sell it after being elected.
Longshots to leave include President Xi Jinping of China, Russias Putin and Frances Francois Hollande, all set at 33-1.
Source
