‘Kings of Steel’ pinballed by new Panama and Paradise Papers probe

A Techint ship



Global industrial giant Techint faces multinational money-laundering and bribery allegations spawned by massive court and journalism investigations grounded in the Panama and Paradise Papers.

The news investigation – composed of journalists from Italy’s L’Espresso, Argentina’s Diario Perfil and Poder360 in Brazil –  trawled judicial inquiry records in the three countries and in Switzerland, too.

Controlled by a family dynasty, and a mainstay of both the Italian and Argentinian economies since World War II’s end, the Techint group operates steel and iron factories, manufactures gas and oil pipelines and builds energy plants.

The $25-billion group, which reportedly includes 450 operating companies

... read more at: https://www.icij.org/blog/2018/04/kings-steel-pinballed-new-panama-paradise-papers-probe/