Thursday 17 June 2021

Argentina President Linked to More Companies in Panama

Mauricio Macri, Argentina's president © AFP
Mauricio Macri, Argentina’s president, AFP

Q24N (Prensa Latina) Argentine President Mauricio Macri, his father, Franco, and other relatives are not only directors of a dozen ghost companies, but they are also linked to at least eight corporations, according to new revelations.
The connection includes friends, right-hand men and employees, and the last firm was founded last year, while most companies are still active, according to a journalistic investigation published on the websites El Destape and InfoEconómico.

In Fleg Trading, based in the Bahamas, and Kagemusha, in Panama, the Argentine head of State appears as the director and vice president, respectively. In addition, he was tried for contraband and tax evasion for using the ghost company Opalsen in Uruguay, the websites recalled.

- Advertisement -

But the story does not end there, as Mauricio and Franco are involved in other companies in which they appear as third parties, a common practice among big entrepreneurs who benefit from tax havens.

Some of those ghost firms were founded through Mossack Fonseca, so one of them drew the attention of journalist Hugo Alconada Mon, the one called Macri Group, the websites said.

In their joint investigation, they found seven other companies owned by the same people and other employees and friends of Macri, including Cap Loren Panama S.A. with Mossack Fonseca in 1999, which was dissolved later.

The board of directors also includes Domenico Cappelli, a right-hand man of Franco Macri. Other employees are Juana O’Reilly Aroza and Fernando Planes, and the director is Armando Amasanti, who was the chairman of Sevel in Argentina and was tried along Mauricio Macri for aggravated auto contraband in the late 1990s, and Sergio Hernan Mora Viera, manager of Sevel Argentina before the creation of Cap Loren.

- Advertisement -

Another company is Orion Alliance Corporation, founded in 2013, where Gustavo Gorini, the son of the chairman of Sevel Uruguay; Fernando Planes again, and Victor Meerovich, a Uruguayan accountant who is in the board of directors of several offshore companies, are also involved. Atoll Services Group Inc. was founded in 2007 and is headed by the chairman of Sevel Uruguay. The company still exists and is attached to the Macri Group.

Its executives include Juan Carlos Gorini Sambade, his son, Gustavo Alejandro, and Miguel Antonio del Castillo Massaferro, chairman of Iveco Uruguay, a company attached to Sevel.

Another company is Pymore Ventures Holding SA, founded in 2010, whose directors are Fernando Planes, Alejandro Cappelli, the son of Franco’s right-hand man, and Meerovich.

The investigation carried out by El Destape and InfoEconó added that Danae Alliance Company SA was founded last year by Domenico Cappelli, Fernando Planes and Meerovich, the same board of directors.

In addition, there are branches that link the Macri family with Aspent Portfolio SA, also active since 2015 with the same board of directors as Danae Alliance Company SA, and the Rockford Holding Group SA, founded in 2011 also by the same executives.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

What is Alberto Fernández looking for with his rude and decadent dictatorship?

Q24N - Mauricio Macri spent the four years in office neglecting...

Argentina decrees night curfew after spike covid-19 contagion

Q24N (Buenos Aires) Nighttime driving will be prohibited in Argentina as...


Lack of space on Racsa’s hard drive paralyzed immigration consultation at the airport this Monday

RICO's DIGEST - We've all had this happen, your computer's hard drive is full and your computer crashes. But we are not the Radiográfica...

Your cell phone can now notify you if you had contact with a positive case of covid-19

QCOSTARICA - Fifteen months after the national emergency against covid-19 was declared, Costa Ricans will have a digital platform where you can be notified...

Today’s Vehicle Restriction: June 13, “EVENS”

Today, Sunday, June 13, only EVENS can circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save for those under the...

Rainy afternoons and nights this week in most of the country

QCOSTARICA - Characteristic of the rainy season, we will see rain in the afternoons and nights in the Central Valley, the entire Pacific coast,...

5.7 Quake jolts Costa Rica

2021-06-10 17:27:0.5, Magnitude: 5.76, Depth 10.0 km, Epicenter: 95.5 km Southwest Malpais de Puntarenas. The jolt was felt also in the Central Valley. No reports...

Diseases, weather and low prices hit the orange sector in Costa Rica

HQ - The appearance of pests and diseases, in particular the 'dragón amarillo' (yellow dragon), the impact of the weather and a sharp drop...

Should the vaccination against covid-19 be opened?

QCOSTARICA - Six months after the start of vaccination against covid-19, will it be time to open the campaign to those who want to...

College of Physicians negotiates donation of a million and a half vaccines against covid-19

QCOSTARICA - This week there could be very good news for the country in the fight against the coronavirus pandemic if the College of...

Ortega government accuses imprisoned opponents of receiving money from the United States to overthrow him

TODAY NICARAGUA – The Nicaraguan government assures that the imprisoned political opponents detained on charges of “inciting foreign intervention” are “usurpers” financed by the...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.