Argentina president faces Panama Papers probe

April 08, 2016 02:22

Argentine President Mauricio Macri became the latest world leader caught in the storm of the Panama Papers on Thursday as prosecutors opened an investigation into his offshore financial dealings.

Macri, the leading symbol of a budding right-wing resurgence in Latin America, joins Russian President Vladimir Putin and China's Xi Jinping in the tempest unleashed by the leak of millions of offshore financial documents from Panamanian law firm Mossack Fonseca.

But unlike Putin and Xi, who are only connected to the revelations via their inner circles, Macri is listed on the board of directors of two offshore firms -- one registered in the Bahamas and the other in Panama.

Macri did not list either company in his financial declarations when he became Buenos Aires mayor in 2007 or president last December.

The International Consortium of Investigative Journalists coordinated the investigation with more than 100 media groups around the world after the 11.5 million documents were obtained from an anonymous source by German daily Sueddeutsche Zeitung.

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