Protest in Buenos Aires against Macri government's public sector layoffs, January 29, 2016. Phot: TeleSUR.
The Panama Papers, confidential files from the Panamanian law firm Mossack Fonseca, have implicated Argentina's new right-wing President Mauricio Macri as among those who have exploited tax havens, TeleSUR English said on April 3.
The leaked documents identify at least 12 heads of state among 143 politicians from 50 countries, their families and close associates who have been using offshore societies located in 21 tax havens.
Macri was director and vice president of Bahamas-based company Fleg Trading, created in 1998 and dissolved in 2009. The company was managed by Mossack Fonseca when he was a businessman and mayor of Argentina's capital Buenos Aires.
In asset declarations in 2007 and 2008, made when he was mayor of Buenos Aires, Macri did not disclose his connection to Fleg Trading. Nestor Grindetti, who was in charge of Buenos Aires' Ministry of Taxation in Macri's Cabinet, also appears in the confidential files. He also served the financial empire of Macri's father for more than 25 years.
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