by The International Consortium of Investigative Journalists
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Australia’s prime minister

Malcolm Turnbull

Director of an offshore firm with interests in a company that planned to operate a mine in Russia

Related to  Australia
Data from: Panama Papers
Malcolm Bligh Turnbull, a former journalist who made a fortune as a lawyer and merchant banker, entered politics in 2004. Before becoming Prime Minister in September 2015, Turnbull held several ministerial positions and led Australia’s opposition party between September 2008 and December 2009.

In the data

Turnbull was listed as a director of Star Technology Systems Limited, a British Virgin Islands company, in December 1993. The company, set up by Mossack Fonseca, was a subsidiary of Star Mining Corporation NL, an Australian-listed company of which Turnbull was a board member. Star Mining had planned to develop a Siberian gold mine as part of a joint venture, which later collapsed. Turnbull resigned as director of the BVI company in September 1995. One former director of Star Mining alleged that another director, now deceased, had paid Russian officials millions of dollars in bribes to secure Star Mining’s mining rights.

Response

When questioned by the Australian Financial Review in May 2016 about his role in the company, Turnbull told reporters that there had been “no suggestion of any impropriety whatsoever.” AFR reported that a spokesman said Turnbull was not aware that the company had been administered by Mossack Fonseca or of any donations or payments made by the company to Russian political parties or politicians before or during his time as director.

Profile added on April 3, 2017

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