Macri, austere heritage and millionaire brother …

The badets of President Mauricio Macri prospered during the crisis. The president rose from 99.8 million pesos in 2017 to 151.6 million pesos by the end of 2018. The increase of 51.9% in badets, stocks and badets declared by the president reflects the revaluation of their properties and the acquisition of new Argentine debt securities in pesos. At the exchange rate in effect at the end of last year, all presidential badets were just over $ 4 million. Presidential wealth expressed in US dollars reflects a decline of nearly $ 1.3 million due to the exchange rate. The valuation of all badets reported by Macri in 2018 equates to the content of a single Swiss bank account cleared by his brother Gianfranco Macri in 2016. The total amount allowed for amnesty by Gianfranco, about 35.5 millions of dollars, is 9 times more than what the president says. The known part of the fortune of the Argentine president is completed by the badets included in the "blind" trust. The implementation of this instrument was announced to try to calm the outbreak of Panama Papers where Macri was listed as a shareholder of an undeclared company in the Bahamas and the scandal triggered by the attempt to remit the group's debt Socma by the Argentine Post.

The information provided by Macri to the anti-corruption bureau includes seven properties. Presidential accountants imposed a 47.6% increase on all properties located in the country. With these parameters, the price of the department of 370 square meters in Barrio Parque rose to 3.2 million pesos. The director of the Federal Research Agency, Gustavo Arribas, currently lives on this property. The list of Argentine properties is completed by the three lots of Pilar totaling 49.5 hectares with a total value of 2.6 million pesos and a plot of 1998 hectares located in the town of Pluma Pato Salta, valued at 4, 6 million. pesos. Added to this list is the Macri farm in Maldonado, Uruguay, which quotes 15 million pesos. This figure reflects a revaluation of 102.2% per annum of land that it incorporated as a donation in 2011.

The document released Friday reveals that 3 pesos out of 4 of the presidential succession consist of securities and bonds. They are 114.8 million pesos in total. The presidential statement shows that the president has changed the composition of his investment portfolio so as to incorporate two debt securities for 94.2 million pesos in October 2018. The limited information provided indicates that it is of a "BONUS REP ARG" for 54 euros. 3 million pesos and "BONUS BY ARG" for 39.6 million pesos. PAR securities are considered one of the most "safe" instruments to deal with a hypothetical restructuring of sovereign debt as they would result in a lower capital loss than the rest of the bonds. In addition to the incorporation of these documents, the affidavit ceased to declare a set of bonds in pesos and dollars that Macri had incorporated between 2016 and 2017.

The valuation of all badets reported by Macri in 2018 equates to the content of the Swiss bank account cleared by his brother Gianfranco in 2016 and discovered during an investigation of the Hamburg prosecutor's office related to the Panama Papers. The funds deposited with UBS were not in the name of the president's relatives but were administered by two companies: the Panamanian company BF Corporation SA and the Uruguayan company EQT SA surfaced in the course of the year. a judicial inquiry related to the megafiltration where it was detected. intervention of Argentine citizens. The search for hamburger prosecutors presents a bank statement showing movements of this account of more than a million dollars in October 2015.

But the total amount allowed for amnesty by the presidential brother was $ 35.5 million. The whitened figure by Gianfranco revealed in 2016 by Page / 12 is 9 times higher than the amount declared by the president before the anti-corruption bureau at the end of last year.

The limited extension of the badets declared by Macri is partly explained by the creation of the "blind" trust in 2016. The instrument is managed by Sociedad Fiduciaria SA, founded by the notary general Carlos D & # 39; Alessio. Nation and uncle of the false lawyer Marcelo Sebastián D'Alessio. At the end of 2017, the Trust's badets exceeded $ 50 million in badets and equities, among other badets. The list includes, for example, the shares of Agropecuaria del Guayquiraro S.A for 19 486 511 pesos. This company which cultivates more than 4000 hectares of rice in Entre Ríos also appears in its last two declarations as creditor of the leader of Cambiemos for 1.4 million pesos.

Unlike most official representatives, the affidavit of Macri does not reveal any financial badets abroad such as those disclosed by the Panama Papers. Information gathered from Mossack Fonseca has linked the president to the Bahamas-based offshore company Fleg Trading LTD. The board of directors of this company consisted of Mauricio, his father Franco and Mariano. In the 8 pages presented by the agent, foreign badets are limited to Uruguayan goods and dollars. At the end of last year, the president had $ 21,351.39 in a savings bank, $ 29,375 in deposits and $ 90,000 in cash. The traumatic exchanges of 2018 that led the government to ask for a ransom from the International Monetary Fund allowed Macri to realize a gain in pesos.

The accumulated inflation last year reaching 47.6%, the escalation of the presidential succession of 99.9 to 151.6 million pesos has managed to gain ground by surpbading this measure more by 4 points, up 51.9%. .