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Montevideo, November 17th 2018 - 17:47 UTC

Macri's assets in a blind trust; the elected president reiterates pledge to combat corruption

Tuesday, December 1st 2015 - 07:26 UTC
Full article 6 comments
“I will try to set up an instrument, a trust fund so that I can distance myself from all of it” Macri said. “I will try to set up an instrument, a trust fund so that I can distance myself from all of it” Macri said.

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. Macri also reiterated his commitment to combat corruption and said he would turn any official suspected of corruption over to judicial authorities.

 “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.

Categories: Politics, Argentina.

Top Comments

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  • Mendoza Canadian

    And cfk's stolen riches are in the Saychelles where she made an illegal stop a few years ago.

    Dec 01st, 2015 - 11:50 am 0
  • Captain Poppy

    A good start by far. This is what world leaders of all democracies do......except Analface Kirchner. A nice quiet investigation over the corruption over the past 12 years. But, followers will never believe just how corrupt Argentina and SA is. But, we can sit on the sidelines and just watch the bolivarian revolution continue to implode and collapse on itself at the hands of Dilma, Bus driver and all the other two centavo players. Their day or reckoning is fast approaching.

    Dec 01st, 2015 - 03:12 pm 0
  • ElaineB

    Pinera did the same when he was president.

    Dec 01st, 2015 - 04:42 pm 0
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