Argentine Government delays information requests on Macri's offshore companies.
Requests for information issued by Judge Sebastián Casanello to Panama and Uruguay as part of the investigation into President Mauricio Macri’s offshore financial activities – leaked in April by the Panama Papers scandal - could take longer than expected as the Foreign Ministry has said that the “description of the attributed events” was not “clear enough” in order to continue with the process.
Judge Casanello had sent legal requests to Panama and Uruguay for fresh information over Macri’s offshore accounts connected to the Foxchase Trading SA company, which was created in 2012.
Macri was among the tens of thousands of rich and powerful people named in the leak of four decades worth of documents from Mossack Fonseca, a corporate law firm based in Panama which specializes in setting up offshore companies in tax havens.
The Panama Papers revealed that Macri was listed as director of Fleg Trading Ltd between 1998 and 2009, and of Kagemusha S.A. since 1981; both shell companies had been opened by his father, contractor Francisco Macri, who has been linked through other family members to a dozen such firms.
Opposition lawmakers demanded on Monday that President Macri explain his role at the offshore companies. The president faces now an investigation into whether he maliciously omitted his links to these firms - as well as to a Merrill Lynch account in the Bahamas he “didn't realize” he had - in his sworn financial disclosure statements, a felony in Argentina.
At: http://buenosairesherald.com/article/217022/govt-delays-information-requests-on-macris-offshore-companies-
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