Argentine President Mauricio Macri vows transparency following Panama Papers leak, says he has nothing to hide

Argentine President Mauricio Macri has vowed to make his finances transparent to assert his innocence following the Panama Papers leak. Macri was among several world leaders reportedly involved with hiding assets through offshore holdings.

The documents, reportedly from Panama-based law firm Mossack Fonseca, indicated that President Macri is the director of an offshore company in the Bahamas. CNBC reported Marci has denied any wrongdoing, explaining that he merely headed a family business and that he did not receive any compensation. He also stated that the company was legitimately started and operated by his father, Italian-born tycoon Francisco Macri.

President Mauricio Macri will appear before court on Friday to submit a judicial "declaration of certainty" to attest that his statements are true and that he has nothing to hide.

He is also planning to set a blind trust that will set up an independent group of people that will look into his wealth without any intervention from him.

Prosecutor Federic Delgado told reporters he wanted to determine if President Macri had maliciously omitted any information pertaining to his involvement in the Bahamas-registered offshore company.

According to BBC News, although President Mauricio Macri was listed as the company's director from 1998 to 2009, he did not include the company in his 2007 declaration of assets, at the time he was proclaimed mayor of Buenos Aires and his declaration in 2015 when he became president.

Although admitting innocence, around 500 people protested outside the presidential palace to call for Macri's resignation.

According to Channel News Asia, investigators around the world have revealed their plans to conduct probes with regard to the leak due to the massive expanse of the offshore financial transactions.

The Panama Papers has put the spotlight on some world leaders and famous personalities including Russian President Vladimir Putin, China President Xi Jinping and Iceland's Prime Minister Sigmundur David Gunnlaugsson to name a few.

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Argentine President Mauricio Macri, Mauricio Macri, Argentina, Panama Papers, Mossack Fonseca, Xi Jinping, Vladimir Putin, Sigmundur Gunnlaugsson

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