Buenos Aires_ President Macri repatriated the money he had offshore and laundered it by purchasing bonds from the Argentinean debt issued by his own government, Granma newspaper publishes.

Advisers to the president confirmed and explained that Macri used for buying the bonds 18 million pesos (USD 1.3 million) he had in an account in Bahamas.

Macri declared having that money to the Tax authorities in May, just a few days before announcing a project in benefit to retirees, and this project would be financed precisely through the 'laundering' of money that Argentines have in offshore accounts.

This was seen as a move that would allow him and other government officials to 'clean' their money in overseas accounts after the Panama Papers scandal.

Others, who admitted having offshore accounts are the Minister of Energy, Juan Jose Aranguren, the Minister of Finance, Alfonso Prat-Gay, Minister of Foreign Affairs, Susana Malcorra and the president of the Central Bank, Federico Sturzenegger.

According to estimates, the Argentines have hidden in offshore accounts more than USD 202 billion in order to avoid paying taxes, one of the largest capital flight cases in the world.

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