The right-wing Argentine president faces criticism over his role as CEO of an offshore company
04 of April 2016 13:47:53
BUENOS AIRES – Argentina's opposition exhorted President Mauricio Macri on Monday to explain why he had moonlighted as director of an offshore company in the Bahamas, as revealed in a leak of documents from a Panamanian law firm.
An offshore company is never created with licit aims. The President has the responsibility to make things absolutely clear."-Hector Recalde, president of the Front for Victory.Macri's father Franco Macri is one of Argentina's wealthiest men, whose industrial and construction businesses have flourished by winning public contracts from successive governments.Mossack Fonseca specializes in setting up offshore companies. While holding money in such firms is not illegal, journalists who received the leaked documents said they could provide evidence of funds hidden for tax evasion, money laundering, sanctions busting, drug deals or other crimes.Argentina's anti money-laundering agency said it could not comment on whether it would investigate this case, stressing, however, that it was free of political bias.The head of the anti-corruption office, Laura Alonso, a member of the ruling party, did defendMacri, prompting criticism from the opposition."To create a company in a tax haven is not a crime in and of itself," Alonso tweeted on Sunday.
Sarah Marsh and Nicolas Misculin