Three Latin American Presidents Among Dozens Of Executives And Celebrities Recognized By “Pandora Papers” Research – MercoPress



Three Latin American presidents among dozens of leaders and celebrities honored by “Pandora Papers” research

Monday, October 4, 2021 – 09:55 UTC

Piñera (Chile), Lasso (Ecuador) and Abinader (Dominican Republic) have made investments through tax havens

Current Presidents Sebastián Piñera of Chile, Guillermo Lasso of Ecuador and Luis Abinader of the Dominican Republic were on the so-called “Pandora Papers” among world leaders and celebrities who saved money in tax havens, according to the International Investigation Consortium. Journalists (ICIJ, for its acronym in English).

In addition to them, 11 other leaders who have already left power have been named by the study published on Sunday, which also mentions a total of 35 world leaders who have carried out similar operations. Many see this new investigation as a follow-up to the 2016 Panana Papers case, also undertaken by the ICIJ.

The Pandora Papers discovered how the global elite used a network of trusts and shell companies in places like the British Virgin Islands, Panama or the state of South Dakota in the United States to avoid paying taxes.

The survey is based on 11.9 million files from 14 companies that have created companies in tax havens. It is the biggest leak in history. It also surpasses the ?? Panama Papers, ?? which opened a global debate on corruption.

Among the 11 former Latin American heads of state were Pedro Pablo Kuczynski of Peru; Porfirio Lobo from Honduras; César Gaviria and Andrés Pastrana from Colombia; Horacio Cartes from Paraguay and the Panamanians Juan Carlos Varela, Ricardo Martinelli and Ernesto Pérez Balladares.

In Piñera’s case, it was revealed that he was doing business in the tax haven of the British Virgin Islands. These ventures included the sale of the Dominga mining project, an operation that involved businessman Carlos Alberto Délano, a childhood friend of his.

Piñera and his family were the main shareholders of the Dominga project. However, months after arriving at the Palacio de La Moneda, Piñera sold the mining project to Délano with a signed deed in Chile for US $ 14 million and another in the British Virgin Islands for US $ 138 million.

Payment was to take place in three installments, although the last one depended on not creating an environmental protection zone for this mining project, as requested by environmental groups and something Piñera decided not to. respect, according to Cypher and LaBot.

Lasso was a banker who came to operate 14 companies registered in tax havens, according to the newspaper El Universo. He got rid of these entities in 2017 before running for office.

Abinader is believed to be linked to two secret societies in Panama, which were created before he came to power last year, according to Alicia Ortega of Noticias Sin.

According to this survey, Abinader appears to be a beneficiary of these entities since 2018, three years after the entry into force of a law requiring companies to disclose their owners.

An investigation showed that a Panamanian law firm called Alcogal had helped Venezuelan officials set up 78 secret societies to hide some US $ 2,000 million from Petróleos de Venezuela (PdVSA) in Andorra.

The Pandora Papers also questioned the current Brazilian Minister of the Economy Paulo Guedes and the CEO of the Central Bank, Roberto Campos Neto.

According to El Pays.

former British Prime Minister Tony Blair; the former Managing Director of the International Monetary Fund Dominique Strauss-Kahn; and singers Julio Iglesias and Shakira or Manchester City coach Pep Guardiola are also on the report, which also claims Jordan’s King Abdullah II allegedly spent US $ 100 million on luxury homes in California and elsewhere, in more shedding light on foreign donors to the British Conservative Party

Russian President Vladimir Putin’s unofficial propaganda minister ?? was also listed by ICIJ documents, which also implicate people close to Pakistani Prime Minister Imran Khan, including members of his cabinet and their relatives, who are believed to have millions of dollars in companies and entities outside from their country.

Ecuadorian publicist Jaime Durán Barba who orchestrated the presidential campaign of Mauricio Macri and the subsequent administration of Argentina was also honored by the Pandora Papers, as well as Macri’s younger brother, Mariano and Zulemita Menem, daughter of the former Argentine President Carlos Saúl Menem.

The Pandora Papers also mention the late Daniel Muñoz, a close associate of former President Néstor Kirchner.

Argentina is mentioned 57,307 times in the 11.9 million documents collected by the ICIJ to produce such an important report which also mentions Argentine soccer stars such as Paris Saint-Germain coach Ángel Di María Mauricio Pochettino and former captain of the now retired national team Javier Mascherano, as well as Humberto Grondona, eldest son of the former president of the Argentine Football Association (AFA) and vice-president of the International Federation of football (FIFA) Julio Grondona.

Besides Muñoz, who stepped down as presidential secretary in 2009 and died in 2016, ICIJ documents also include financier Ernesto Clarens, who is closely related to the Kirchner family.

The ICIJ has warned that using an offshore company or opening a bank account in tax havens is not a crime in itself, but it can become one of the “end beneficiaries”. maneuvers use these tactics to evade taxes or launder money.

In the nearly 12 million documents, 2,521 Argentinian final beneficiaries are mentioned, placing the country in third place, behind Russia (4,437) and the United Kingdom (3,501).


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