San Salvador, Oct 3 (EFE) .- The former president of El Salvador Alfredo Cristiani (1989-1994) opened 16 “paper companies” in two “tax havens”, as revealed this Sunday by an investigation by the International Consortium of Investigative Journalists ( ICIJ), of which the Salvadoran medium El Faro is a part.
According to a publication by El Faro, Cristiani opened eight companies in the British Virgin Islands and another eight in Panama starting in 1995, a year after leaving the Presidency.
He indicated that the former head of state “managed at least 16 paper companies using as partners his children, his wife, his nephews and also his older brother.”
“The Panamanian law firm Alemán, Cordero, Galindo & Lee (ALCOGAL) was hired by the former Salvadoran president in his foray into tax havens,” the media noted.
He added that the ICIJ sent Cristiani a questionnaire “on the management of paper companies,” but he responded by letter that would give his version in the future.
El Faro stated in its text that, according to the “Pandora Papers”, “Panama was the center of one of Cristiani’s operations.”
“Between 2005 and 2008, it made 6 movements through 5 companies in which it transferred at least around $ 1 million 427 in capital and shares,” the outlet said.
Among the partners of one of these companies, according to the publication, is the late Mauricio Felipe Samayoa, who is accused by the Salvadoran Prosecutor’s Office of participating in the diversion of 10 million dollars donated by Taiwan.
Samayoa was president of the private Banco Cuscatlán and the Prosecutor’s Office announced last June that it would initiate a civil process against the assets left by the banker.