Pandora Papers in Latin America: Three active heads of state and 11 former presidents named

[Judi Lynn]

2. Brazil's Guedes to show prosecutors he did nothing wrong regarding offshore investment

October 5, 2021
8:22 PM CDT
Last Updated 19 hours ago

Reuters

2 minute read

BRASILIA, Oct 5 (Reuters) - Brazil's Economy Minister Paulo Guedes will provide prosecutors and the Supreme Court with voluntary evidence showing he broke no laws or had any conflicts of interest in regards to offshore investments, his lawyers said on Tuesday.

The statement comes after Guedes was named in reports by the consortium of news outlets covering the so-called "Pandora Papers" data dump, which triggered a preliminary investigation by prosecutors in Brazil.

The initial inquiry by the office of Brazil's prosecutor general (PGR) does not indicate any crime has been committed.

Guedes' lawyers said the minister had removed himself from the management of the offshore investment vehicle Dreadnoughts in 2018, relinquishing any participation in the financial decisions of the company. They added that Guedes had not moved any money abroad since he joined the government.

More:
https://www.reuters.com/world/brazils-guedes-show-prosecutors-he-did-nothing-wrong-regarding-offshore-2021-10-06/