5 Ways the Macri Family Show Their Love for Offshore Companies
5 Ways the Macri Family Show Their Love for Offshore Companies
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Macri is facing intense scrutiny over affiliated offshore operations. | Photo: Telam
Published 6 April 2016 (3 hours 57 minutes ago)
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The Panama Papers revelations is intensifying the scrutiny on the Macri family's assets and involvement with offshore companies.
The involvement of Argentine President Mauricio Macri in an offshore company in Bahamas, revealed by the release of the Panama Papers, is currently making headlines all over the world. But Macri is far from being a first timer in offshore operations.
1. Mauricio Macri was the vice president of Fleg Trading Inc.
The Panama Papers leak revealed Mauricio Macri was the vice president of a company called Fleg Trading Inc. located in the Bahamas. The president of the company was his father, Franco Macri, one of Argentina’s most prominent businessman.
The company was established in 1998 and was active until 2008, when Macri was the Buenos Aires city Mayor. However, while Macri was in office he did not declare he was a board member of Fleg Trading Inc.
2. Mauricio Macri was vice president of Kagemusha SA, located in Panama.
But this was not the first time for the Macri family in matters of operating with offshore companies. Kagemusha SA, named after a Japanese movie, was established in Panama earlier in 1981.
In that company, President Macri also appears as vice president with his father Franco as the head of the firm. One of Mauricio Macri’s brothers, Gianfranco, appears as secretary.
More:
http://www.telesurtv.net/english/news/5-Ways-the-Macri-Family-Show-Their-Love-for-Offshore-Companies-20160406-0032.html