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Cabinet Chief On Panama Papers: Nothing To Say Because There’s Nothing To Hide

By | [email protected] | April 5, 2016 10:04am


Cabinet Chief Marcos Peña gave a press conference today at 10 AM at the Casa Rosada amid the whirlwind of criticisms and rumors surrounding President Mauricio Macri’s alleged involvement in the Panama Papers and point blank declared that Macri did not have accounts in the tax heaven.

“The President does not have accounts or assets in Panama or anywhere else that have not been declared [to the fiscal authorities],” Peña said.

“Everything is completely transparent: he was a director without capital in his father’s [Franco Macri] company which was declared before the AFIP and did not even register movements.”

The Panama Papers refer to 11.5 million leaked documents from the Panama-based firm Mossack Fonseca that reveal confidential goings-on in the realm of tax evasion and shady financial activities of the world’s elite.

Macri’s name appears as the director of an offshore company called Fleg Trading Ltd and it has now transpired that he is also on another offshore company’s roster, this time as Vice President. Fun fact, the company’s name, Kagemusha, means “shadow of the warrior,” based on a 1980s movie of the same name. It would almost be cool if it weren’t so dodgy, but it definitely beats “Fleg.”

Peña alluded to comments made by Macri’s father yesterday, in which he claimed that Mauricio Macri was “only a circumstantial director in the context of trust that was demanded of family businesses at the time.”

“It [gives us] a huge tranquility to be able to transmit [to the public] that there is nothing to hide,” Peña continued.

“Nothing was communicated beforehand because there was nothing to communicate […] there is nothing to hide, nothing weird […] the President has been the most audited and inspected person and has been publicly forthcoming about his wealth.”

The real purpose of the press conference was to present six bills that the government will be presenting to Congress to fight organized crime and money laundering. Security Minister Patricia Bullrich presented the three proposed reforms in terms of security and, unsurprisingly, Justice Minister Germán Garavano presented three reforms for the judicial system.