Bloomberg Tax
Oct. 4, 2021, 2:53 PM

Ecuador’s Lasso Says He Cooperated With Pandora Papers Probe

Stephan Kueffner
Stephan Kueffner
Bloomberg News

Ecuador’s President Guillermo Lasso voluntarily and openly cooperated with the International Consortium of Investigative Journalists in their probe dubbed Pandora Papers, he said in a statement issued late Sunday.

  • “As the publication itself recognizes, most of the societies mentioned were legally dissolved in the past, and I have no link with those that may still exist”
  • All of his funds have a legal origin in his lifelong work at Banco Guayaquil making him “one of the biggest contributors” among Ecuador’s taxpayers
  • Lasso’s investment in Banco Guayaquil is structured in the 100% Ecuadorian trust fund Fideicomiso GLM supervised by local authorities ...