According to ámbito financieroThursday, April 21, 2016
Mauricio Macri’s ‘Panama Papers’ company still active
President Mauricio Macri was quick to minimize his role at the Fleg Trading offshore company, claiming that it ceased to function in 2008, but the Ámbito Financiero newspaper has revealed information that appears to contradict the president’s claims.
According to the “Panama Papers” investigation, Fleg Trading Ltd was founded in the Bahamas registered with the Panama-based Mossak Fonseca lawfirm. When that fact emerged the Let’s Change (Cambiemos) administration downplayed the revelations with a statement, alleging that the president only “occasionally” participated in the offshore trading company founded by his father, tycoon Franco Macri. The president said that Fleg trading was created to support the expansion of the Pago Fácil payment service company in Brazil, but that it had ceased to function because no investment was actually made.
However, according to documentation that Ámbito Financiero accessed via Brazil’s Finance Ministry, Fleg Trading LTD continues to be “active.” The offshore trading company was first created in a tax haven in 1998, but it was registered with the Brazilian Receita Federal tax bureau in 2002.
Fleg Trading was officially registered on December 12, 2002 under the tax code 05.456.410/0001-65 as holdings of “none financial institutions.”
The Brazilian Finance ministry doesn’t have information about the shareholders, partners or administrators. The suspicion is that these types of actions are made with the aim of keeping the true owners of the company hidden.
— Herald with online media