Pádraig Harrington named in latest Panama Papers file

Golfer Pádraig Harrington, developer Seán Mulryan and former U2 manager Paul McGuinness are among a new list of Irish names connected to the Panama Papers.

There is no suggestion of wrongdoing by any of the three.

Mr Harrington allegedly appears in the files in relation to a Panamanian company called Marksmen Guaranteed Fund V SA.

The three-time major winner said yesterday that his management company, IMG, set up the offshore fund that appears in the papers.

The leaked files show that the Irish golfer was a shareholder, along with other major sports figures, in Marksmen Guaranteed Fund V SA.

“My management company, IMG, set up the fund,” he told The Irish Times.

“All monies I invested and received from it were tax compliant.”

Mossack Fonseca legal firm was an agent of the company, which was dissolved in 2005.

Documents on the company include minutes of an AGM held in Monaco in May of 2000 reportedly attended by Mr Harrington by way of proxy, along with Welsh golfer Ian Woosnam, Swedish tennis player Thomas Enqvist, and South African golfer Retief Goosen.

The documentation is from records connected to Mossack Fonseca in Panama.