Africa Business Radio

Ecuador’s president Guillermo Lasso is insisting all of his investments are legal after the Pandora Papers revealed he operated through 14 offshore companies, most of them based in Panama.El Universo newspaper reports that the companies were closed only after the leftist government of Rafael Correa passed a law banning candidates from being the beneficial owners of companies located in tax havens.The president says 10 of the offshore companies mentioned were already inactive, while he denies involvement with the other four. He says all his investments, in and out of Ecuador, are legal.