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Argentine president to reinvest Bahamas riches at home

Argentina's President Mauricio Macri, pictured on May 23, 2016, said he would reinvest his money in Argentine treasury billsArgentine President Mauricio Macri, who has been swept up in the Panama Papers controversy over offshore assets, said Monday he would repatriate the funds from his account in the Bahamas. The conservative president came under fire when his name emerged in the leak of millions of documents last month from Panamanian law firm Mossack Fonseca, showing he was on the boards of two offshore companies linked to his father, a wealthy business magnate. Asked at a press conference about his plans for the $1.2 million he recently declared he has in an account in the Bahamas — where one of the offshore companies is listed — Macri said he would reinvest it in Argentine treasury bills.

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