Lopez Obrador says Mexican nationals in Pandora Papers should be investigated

MEXICO CITY, Oct 4 (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Monday he was in favor of investigating Mexican nationals who appear in a series of documents released as part of the so-called ‘Pandora Papers.’

Several major news organizations on Sunday published details from a massive new leak of financial documents showing heads of state, serving and former government officials, and business leaders with stashes of offshore wealth.

The use of offshore companies is not illegal or by itself evidence of wrongdoing, but news organizations in the consortium said such transactions could be used to hide wealth from tax collectors and other authorities.

Some 3,000 Mexicans are named in the files.

Lopez Obrador swept to power in 2018 by pledging to combat corruption in a nation plagued by a history of rampant graft and impunity.

“There should be an investigation,” Lopez Obrador said in response to questions over the Pandora Papers in his daily news conference.

Communications Minister Jorge Arganis appears in the Pandora Papers as the owner of a company created in February 1998 in the British Virgin Islands. Lopez Obrador said Arganis had informed him that he was on the list because he lost 3 million Mexican pesos ($146,500) in the Ponzi scheme run by the disgraced Texan financier Allen Stanford, who was sentenced to 110 years in prison in the United States in 2012.

Also on the list are Senator Armando Guadiana from the ruling National Regeneration Movement (Morena) party, and Julio Scherer, who until recently was legal adviser to the presidency and Lopez Obrador’s right-hand man.

The president said he did not know anything about Scherer’s case. Neither Guadiana or Scherer have commented publicly on the papers.

The government’s Financial Intelligence Unit (UIF), which combats money laundering in the country, said on Sunday that it had launched an investigation after the Pandora Papers were published.

Receive the PVDN morning newsletter and exclusive content by becoming a PVDN Supporter, learn more here

Trending Stories Right Now on PVDN

  • Hotel Marsol in Romantic Zone loses water after 17 years of non-payment The Potable Water, Drainage, and Sewerage System (Seapal) of Puerto Vallarta continues with its campaign to invite users who maintain a debt with the agency to get current on their bills, especially to those of the industrial and commercial sector. Following up on the third notification of collection management and notice of cancellation of water…
  • Mexico records the lowest daily death total from COVID-19 since July On Sunday afternoon, October 17, the Ministry of Health (SSa) released the Daily Technical Report of COVID-19 in Mexico, in which the new figures on the advance of the coronavirus disease in Mexico were announced. According to the federal agency, since the pandemic began, 3,757,056 accumulated cases of the new coronavirus have been reported, while…
  • Two-year-old child from California dies after falling from ninth floor of Hyatt Ziva in Puerto Vallarta A two-year-old child was killed after falling from the ninth floor of the Hyatt Ziva, located in Puerto Vallarta, Jalisco, reported local security authorities, who acted as the first responders to the accident. The minor and his family are from California, his mother is from Russia, and the father was identified as James Carter. Guests…
  • Mexico’s Assistant Health Secretary and face of the COVID fight says mask wearers are “egotistical” MEXICO CITY (AP) — The Mexican government’s point man for the coronavirus pandemic has once again made waves by calling those who wear facemasks “egotistical people.” Social media users expressed outrage Friday at the comments by Assistant Health Secretary Hugo López-Gatell, made in a speech earlier this week at a book fair. “The idea of…
  • Sunwing will reactivate its routes to Puerto Vallarta with 288 flights from Canada Sunwing Airlines announced the reactivation of its routes from 10 Canadian cities to Puerto Vallarta for the winter season. This represents the return of more than 54,000 Canadian tourists to the Mexican beach, reported the Puerto Vallarta Tourism Promotion Trust. The routes will begin operating during the winter period, anticipating 288 flights from Edmonton, Ottawa,…

Puerto Vallarta News

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms