HAVANA, Cuba.- Luis Fernando Camacho, president of the Pro Santa Cruz Civic Committee in Bolivia, played the role of “intermediary” in the offshore scheme and in that role, he could have favored the concealment of fortunes, money laundering and tax evasion, according to a report by the Legislative Commission that investigated the Panama Papers case.
The report notes that Luis Fernando Camacho appears in the leaks of the ICIJ (International Consortium of Investigative Journalists) in the roles of intermediary and officer in the Panama Papers.
According to this information, Camacho as an intermediary created three companies: Medis Overseas Corp., Navi International Holding and Positive Real Estates, while as an officer he was a beneficiary of the latter two.
The report explains that intermediaries, a role Camacho would have fulfilled, related those interested in acquiring service with the Moosack Fonseca law firm, which is the main figure involved in the Panama Papers scandal and the alleged “offshore”money laundering.
With these elements, the Commission noted that Camacho, as an intermediary, was able to help Bolivians to hide fortunes and other irregularities.
It should be noted that the role of any intermediary, as the case of Luis Fernando Camacho Vaca, could help the residents of a country (Bolivia) to hide their fortunes in offshore entities, launder money and establish tax evasion schemes.
Taken from Correo del Sur