(RTTNews) – The Federal Court of the City of Buenos Aires ended a money laundering investigation that targeted the Argentinean President Mauricio Macri. The probe began last year after a global news report known as “Panama Papers” showed that he was a partner in two offshore companies – Fleg Trading (Bahamas) and Kagemusha (Panama).
The court understood that the case should be investigated as a tax evasion matter, not as money laundering.
As a result, it should be investigated by the Economic Criminal Justice. However, part of the investigation will remain in the court for alleged inconsistencies in sworn statements by Macri.