Brazil Economy Minister Called To Explain Offshore Funds To Congress

Brazil’s lower house of Congress agreed on Wednesday to call Economy Minister Paulo Guedes to explain his offshore investments before the plenary following revelations published as part of the Pandora Papers investigation.

Mr. Guedes has denied any wrongdoing, ethical or legal, saying he declared the investments and relinquished management of an offshore holding company in 2018 before he entered government.

The International Consortium of Investigative Journalists has published the Pandora Dossier that is based on sufficient The dossier connected offshore activity to more than twice as many politicians and public officials as did the previous leak named as Panama Papers.

We are talking about trillions of dollars, stated Director of International Consortium of Investigative Journalists, Mr. Gerard Ryle.

And the Pandora Papers’ +330 politicians and public officials, from +90 countries and territories, included 35 current and fmr country leaders. Pandora Papers’ document suggest that 263 corrupted companies (arranging transfer of illegal finances to offshores) are tied to owners in Australia.

However no Australian or New Zealand politician appeared in the documents.

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