investigation says karter properties was tied to president’s father’s fleg trading Monday, September 19, 2016 New company linked to Macri family in Panama Papers documentsA new company linked to a close friend of the Macri family registered in the Bahamas was exposed yesterday, after an investigation delved deeper into documents leaked from the Mossack Fonseca law firm earlier this year. Now, a new firm, named Karter Properties, has been linked to Fleg, according to an investigation by local daily Página/12. No-one in the Macri family is directly named in the company directory for Karter, possibly a reason why its name did not surface initially, as Fleg Trading did. Fleg Trading played a role as a holding company for the Pago Fácil business of Franco’s holding in the Mercosur giants. This occurred after Fleg Trading replaced the majority shareholder, Socma Americana (a firm where Franco, Mauricio and Mariano were registered).

Source: Bueno Aires Herald September 19, 2016 02:15 UTC