US Presidential candidate Mitt Romney has responded to the fervour over his financial connections to Bermuda.Over the last several days, the Republican candidate has faced a groundswell of criticism for not releasing his tax information back further than two years. Democrats have pounced claiming this information would show Mr Romney's connection to a shell company based here and investment accounts in the Caymans and Switzerland.In a blog posted on the Huffington Post last night, contributor Sanjay Sanghoee wrote: “The Bermuda-Gate debacle also brings into question Romney's core beliefs. It is disturbing to think that a potential president of the United States would consider it acceptable to siphon money into offshore bank accounts in order to shield that money from taxes.”This week, however, according to TPM Media, a digital political news organisation based out of Washington DC, Mr Romney stated publicly that he has no idea about the existence of a Bermuda company and that some of his personal finances are part of a blind trust that are out his control.“I don't manage them, I don't even know where they are,” Mr Romney told Radio Iowa this week of his investments. “That trustee follows all US laws, all taxes are paid as appropriate, all of them have been reported to the government. There's nothing hidden there.”According to an Associated Press report, records show Mr Romney transferred 12,000 shares in the Bermuda company to his wife's blind trust the day before he was sworn in as governor in 2003.Mr Romney added that he felt this issue has been brought up to distract attention away from discussions surrounding the US economy.“I understand the President's going to try to do anything he can to divert attention from the fact that his jobs record is weak and he has no plan to make things better,” he said.President Obama had been letting his fellow democrats do all the talking until he joined the fray this week as well.“What's important is if you are running for president is that the American people know who you are and what you've done and that you're an open book,” he told a New Hampshire television station. “And that's been true of every presidential candidate dating all the way back to Mitt Romney's father.”George Romney, former Michigan governor, released 12 years of his tax returns when he sought the presidency in 1968.