Argentina court upholds closure of probe targeting president



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BUENOS AIRES, Argentina (AP) — A court in Argentina is upholding a decision to close a money-laundering investigation into President Mauricio Macri's role in two offshore companies named in the massive leak of law firm documents known as the Panama Papers.

Thursday's decision ratifies a previous ruling that found no proof of suspicious transactions or accounts. But the court said Macri will still be probed for possible tax evasion.

Macri says the companies were family businesses but he was not a shareholder and did not receive compensation. He has set up a blind trust to handle his financial holdings in response to criticism over the revelations.

The case was initially launched by a prosecutor seeking to investigate whether Macri "maliciously" omitted his role in the companies in tax declarations.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast