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Bolivian Opposition Leader Investigated for Involvement in Panama Papers Scandal

ISSN:1089-1560
LADB Article ID: 80200
Category/Department: Panama
Date: 2017-02-02
By: Louisa Reynolds

A commission created by the Bolivian Congress to investigate the alleged involvement of opposition leader Samuel Doria Medina in the Panama Papers scandal was scheduled to publish its findings by the end of January, but has yet to do so. The Bolivian government accuses Doria Medina of creating Akapana S.A., a shell corporation based in Panama, in order to sell his controlling stake in the Bolivian cement manufacturer Sociedad Boliviana de Cemento (SOBOCE) to the Peruvian owned company Holding Cementero del Perú S.A. for US$300 million without paying taxes. The transaction allegedly took place in 2014. When questioned by the press on Dec. 5, Congressman Víctor Gutiérrez, one of the members of the commission, replied: “We can’t give any information at this stage, as we’re still in an investigative phase, and as long as we’re not sure of the facts we can’t say anything.” Akapana S.A. was among the 214,488 offshore entities that appeared in the so-called Panama Papers––the 11.5 million documents from the Panamanian law firm and service provider Mossack Fonseca that were leaked to the International Consortium of Investigative Journalists (ICIJ) early in 2016

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