ARGENTINA: Court Closes Investigation On Macri For Panama Papers

(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.

... read more at: http://markets.businessinsider.com/news/interestrates/ARGENTINA-Court-Closes-Investigation-On-Macri-For-Panama-Papers-1002232304

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