Argentina’s President to Stand before Civil Court over Panama Papers

Local Editor

Argentina President Mauricio Macri will address a civil court on Friday over Panama Papers allegations claiming that he was the director of an offshore company in the Bahamas.

Macri said as quoted by Buenos Aires Herald on Thursday that he will present "a statement of assurance" on Friday declaring his assets to demonstrate that he acted in accordance with the law. "I have nothing to hide," the Argentina president said speaking at the presidential palace.

On Sunday, the German newspaper Sueddeutsche Zeitung exposed the alleged involvement of a number of former and current world leaders in offshore schemes by publishing materials it claimed came from Mossack Fonseca, a Panama firm selling offshore companies.

A federal prosecutor requested an investigation into Macri's activities in connection with the allegations on Thursday. The Argentina leader has denied any wrongdoing.

Mossack Fonseca has refused to validate the information contained in the leaks and accused reporters of gaining unauthorized access to its proprietary documents. It warned that using unlawfully-obtained data was a crime that it would not hesitate to punish by legal means.

Source: News Agencies, Edited by website team