|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Argentina

Macri to Place Assets in Blind Trust on Taking Office in Argentina

BUENOS AIRES – Argentine President-elect Mauricio Macri said in a television interview that he would place his assets in a blind trust after being sworn in on Dec. 10.

“I am looking for an instrument to provide the most transparency for my asset situation to prove for real that during my term as president I will not make decisions connected to my personal assets,” Macri, of the conservative Cambiemos alliance, told America TV.

“I will try to set up an instrument, a trust fund so that I can distance myself from all of it,” Macri said.

A blind trust, which places investment assets in the hands of an independent administrator and prevents the owner from intervening in the management of the funds, is an instrument that has been used by several U.S. presidents.

Macri, a member of Argentina’s business elite, disclosed assets valued at 52 million pesos ($5.3 million) in his latest sworn statement before the Anti-Corruption Bureau.

The president-elect said he would be strict with his government team and would turn any official suspected of corruption over to judicial authorities.

“Anyone who touches a peso that does not belong to him will have, first of all, a problem with me. This is a non-negotiable issue,” Macri said.

The 56-year-old Macri will succeed President Cristina Fernandez after defeating governing party candidate Daniel Scioli in a run-off election on Nov. 22.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved