A Supreme Court judge ordered Brazil's Congress on Tuesday to start impeachment proceedings against Vice President Michel Temer, deepening a political crisis and uncertainty over leadership of Latin America's largest country. Justice Marco Aurelio Mello told the lower house to convene an impeachment committee to consider putting Temer on trial on charges he helped manipulate budget accounting as part of President Dilma Rousseff's administration.
Discouraging week for the Kirchner family and followers, despite the fact that he name of their main political enemy, Mauricio Macri, has cropped up in the Panama Papers. Not only Lazaro Baez, the dominant public works contractor in Santa Cruz province, and believed to be a straw man for the Kirchner family has been arrested and faces questioning on a money laundering investigation, but also former Transport Secretary Ricardo Jaime implicated the Kirchner couple and a former minister in a multimillion purchase of damaged railway materials.
An Argentine powerful public works contractor from the province of Santa Cruz and close associate of the Kirchner family, Lazaro Baez was arrested on Tuesday afternoon when he arrived in his private Lear Jet to a Buenos Aires airport. Considered one of the wealthiest men in the southern province, political turf of the Kirchner family, and with an 'unrivaled' talent for business, Baez is a main suspect of an investigation into alleged money laundering.
United States President Obama hailed new Treasury Department rules cracking down on corporate tax inversions Tuesday, calling the practice of merging with a foreign company to escape U.S. taxes one of the most insidious tax loopholes out there.
Pressure mounted on Prime Minister David Cameron on Tuesday to impose “direct rule” on British overseas territories after several of them figured as tax havens in the leaked Panama Papers that have caused ripples around the world.
In another unexpected to come from this Panama Papers scandal, the head of the Chile office of the corruption watchdog group Transparency International has resigned after his name appeared in the data leak.
Dominica-born Baroness Patricia Scotland began this week her job as Commonwealth Secretary-General, pledging to focus on several issues of concern to the Caribbean, including dealing with violence against women and the effects of climate change.