Brazil’s Guedes to indicate prosecutors he did nothing improper relating to offshore funding

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BRASILIA, Oct 5 (Reuters) – Brazil’s Economy Minister Paulo Guedes will present prosecutors and the Supreme Court with voluntary proof exhibiting 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 Papers” information dump, which triggered a preliminary investigation by prosecutors in Brazil.

The preliminary inquiry by the workplace of Brazil’s prosecutor common (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 choices 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 by means of greater than 11.9 million information, amounting to about 2.94 terabytes of information.

The International 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 international locations 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.

Reporting by Maria Carolina Marcell; writing by Stephen Eisenhammer; Editing by Stephen Coates

Brazil's Economy Minister Paulo Guedes leaves the Ministry of Economy building in Brasilia, Brazil October 5, 2021. REUTERS/Adriano Machado

Brazil's Economy Minister Paulo Guedes attends a ceremony at the Planalto Palace in Brasilia, Brazil September 2, 2021. REUTERS/Adriano Machado/Files

Brazil's Economy Minister Paulo Guedes leaves the Ministry of Economy building in Brasilia, Brazil October 5, 2021. REUTERS/Adriano Machado