Mexico City: Mexican President Andrés Manuel López Obrador said that he was in favour of investigating Mexican nationals named in the leaked Pandora Papers. The papers, which revealed hidden wealth, tax avoidance and potential money laundering, have named some 3,000 Mexicans. The leak has also named Communications Secretary Jorge Arganis and President’s former legal counsel and close advisor Julio Scherer.
Communications minister appears in Pandora Papers
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 right-hand man.