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José Manuel Soria

Spain’s Industry Minister José Manuel Soria resigns over links to offshore account

MADRID: Spain’s Minister of industry, energy and tourism, José Manuel Soria announced his resignation on Friday with immediate effect after alleged links to offshore dealings which emerged after he was named in the Panama Papers.

Soria has become the second big casualty of the Panama Leaks after a series of media revelations about his offshore business activities in other countries and tax havens appeared, identifying him as a director of a Bahamian firm, named U.K. Lines Ltd.

According to a spokesperson of the ministry, Soria has denied all wrongdoing, but said he was stepping down to limit any damage to the caretaker government, the People’s Party (PP), following revelations of alleged links to an offshore company in the British island of Jersey.

Soria remained the minister of industry, energy and tourism from 2011 to 2016.


M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.