Friday 9 December 2022

Argentina President Linked to More Companies in Panama

Paying the bills


Peru’s President impeached and arrested!

Q24N - Peru's president, Pedro Castillo, was ousted by...

“Avenidazo” returns to San José

RICO's DIGEST - The Municipality of San José had...

Completion of San Ramon extensions and Ruta 27 will be for the next government

QCOSTARICA - The conclusion of the expansion works in...

Bukele’s surprise and private visit to Costa Rica

QCOSTARICA - El Salvador president Nayib Bukele made a...

Regular gas drop approved, while super and diesle go up

QCOSTARICA - The regulating authority of public services, the...

Kölbi has the fastest mobile network in Costa Rica

QCOSTARICA - Kölbi, the brand of the state-owned utility,...

Refund on Marchamo for early payers announced

QCOSTARICA - Paid your Marchamo in November? If you...

Dollar Exchange

¢589.01 Buy

¢595.62 Sell

9 December 2022 - At The Banks - BCCR

Paying the bills


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.

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.

- Advertisement -

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.

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.

- Advertisement -

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 -
Paying the bills
Avatar photo
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

Avianca inaugurates new flight between Costa Rica and Argentina

QCOSTARICA - Avianca Airline’s inaugural flight from San José, Costa Rica...

Solar Energy, the Solution for Remote Communities in Argentina

Q24N (IPS) When asked about the impact of incorporating solar energy...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.