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Brazil’s Guedes to show prosecutors he did nothing wrong regarding offshore investment By Reuters



© Reuters. Brazil’s Financial system Minister Paulo Guedes attends a ceremony on the Planalto Palace in Brasilia, Brazil September 2, 2021. REUTERS/Adriano Machado/Information

BRASILIA (Reuters) – Brazil’s Financial system Minister Paulo Guedes will present prosecutors and the Supreme Court docket with voluntary proof displaying he broke no legal guidelines or had any conflicts of curiosity with reference to offshore investments, his legal professionals mentioned on Tuesday.

The assertion comes after Guedes was named in stories by the consortium of reports retailers protecting the so-called “Pandora (OTC:) Papers” knowledge dump, which triggered a preliminary investigation by prosecutors in Brazil.

The preliminary inquiry by the workplace of Brazil’s prosecutor basic (PGR) doesn’t point out any crime has been dedicated.

Guedes’ legal professionals mentioned the minister had eliminated himself from the administration of the offshore funding automobile Dreadnoughts in 2018, relinquishing any participation within the monetary selections of the corporate. They added that Guedes had not moved any cash overseas since he joined the federal government.

The offshore funding was first reported by Brazilian journal Piaui and information web site El Pais Brasil, which have been a part of a media consortium sifting via greater than 11.9 million data, amounting to about 2.94 terabytes of information.

The Worldwide Consortium of Investigative Journalists (ICIJ), a Washington, D.C.-based community of reporters and media organizations, mentioned the recordsdata have been linked to about 35 present and former nationwide leaders, and greater than 330 politicians and public officers in 91 nations and territories.

It didn’t say how the recordsdata have been obtained, and Reuters couldn’t independently confirm the allegations or paperwork detailed by the consortium.

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