Argentine Government delays information requests on Macri's offshore companies

[forest444]

Source: Buenos Aires Herald

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.

Read more: http://buenosairesherald.com/article/217022/govt-delays-information-requests-on-macris-offshore-companies-

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More on Macri's tangled web of recent scandals: http://www.democraticunderground.com/110851541

[Judi Lynn]

1. Pres. Mauricio Macri, who openly supports the previous military dictatorship, murder & all,

has the full weight of the long-time fascist powerful Clarín Media Group behind him, to whitewash everything he does or doesn't do, just as they totally glossed over the Dirty War, which he & his father supported, even as they were torturing, throwing leftists out of airplanes, and taking the infants they were forced to deliver in prison, handing them out like party favors to party favorites.

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He has cultivated such powerful allies in Argentina. Hope they can't ultimately protect him as well as they did the Dirty War against the left.

[forest444]

2. Clarín - and of course the fascist La Nación - have been running a lot of interference for Macri.

By downplaying his own scandals, as you mentioned, and by hyping his predecessor's.

But his biggest political enemy at the moment isn't Kirchnerists or any other progressives (who, sadly, can't find common ground mostly on account of sheer pride). It's the massive inflation and severe recession his own policies have created.

Kirchnerism may be dead as such; but so is Macri-ism - and he himself killed it. This begs the question though: who'll fill Argentina's political vacuum.