Information requests forming part of an investigation into Argentine President Mauricio Macri’s financial activities revealed in the Panama Papers leak may be delayed, according to reports from the Buenos Aires Herald on Tuesday.
Information requests were issued by Judge Sebastian Casanello to both Panama and Uruguay regarding information on Macri’s offshore companies. The Foreign Ministry of Argentina said that the information requests could take longer than expected because the description of the events were not clear enough to continue the investigation process.
“The Central Authority highlights that the clarity of the precise description … of the attributed events does not emerge clearly from the reading of the request and that determines the possibility for the requested authorities … to demand clarifications,” said the office of Argentine Foreign Minister Susana Malcorra.
Macri is being investigated for “maliciously” omitting his personal links to offshore companies while being a sworn public official. Macri has offshore accounts that have been connected with the Panama Papers leak.
The Real Target of the Panama Papers
The massive leak revealed thousands of businessmen and handfuls of world leaders who had dealings with Panama-based company Mossack Fonseca, who would set up offshore companies to evade financial regulations. The leak revealed that Macri secretly worked as the director of Fleg Trading Ltd., as well as having ties to Foxchase Trading SA company.
Opposition parties in Argentina have demanded that Macri needs to explain his role with the offshore companies.
Macri’s government has proposed a tax amnesty bill that aims to shield tax evaders who have undeclared holdings and assets inside Argentina and abroad.