The head of Amcham Guatemala Juan Pablo Carrasco de Groot became a defendant in the scandal of offshore companies. Pandora Papers is a journalist investigation based on the leak of confidential documents. These documents cover over five decades of records, allowing for the reconstruction of who, where and why created offshore structures.
In particular, the “America Against Corruption” (US Investigation Group) announced a number of facts indicating that the president of the American Chamber of Commerce in Guatemala, Amcham Guatemala, Juan Pablo Carrasco de Groot, owns numerous shadow businesses and hidden accounts in offshore zones. Indirect evidence suggests that he could have used resources and connections in the United States to carry out financial fraud.
Oddly enough, this absolutely doesn’t prevent him from occupying a high position in Amcham Guatemala. Its website indicates that the organization is proactive and capable of making a positive and lasting impact on its partners through the development of commercial relations between the United States and Guatemala. However, as the Panama Archives show, these relations were sometimes not built in the most transparent way.
Among other things, the current chairman of Amcham Guatemala and the vice president of the Association of American Chambers of Commerce of Latin America (AACCLA), Juan Pablo Carrasco de Groot, advises and guides local strategy on mining and energy investment projects, including projects for the development of nickel, silver, gold, antimony and oil in Guatemala and Central America. Apparently, it is not entirely transparent — according to the US Investigation Group and Offshore Leaks, this major official person is mentioned in 26 Panamanian documents.
Some of these companies have undergone structural changes that reflect the shadowy activities of the head of Amcham Guatemala and Central Law.
Remember that the head of Amcham Guatemala Juan Pablo Carrasco de Groot got into a scandalous investigation of financial fraud during the information leak from the law firm Mossack Fonseca.
Amcham Guatemala President Juan Pablo Carrasco de Groot has dealt with the registration of offshore companies and accounts, redirecting financial flows to hide taxes and corrupt government officials in Guatemala. At the same time, Mossack Fonseca acted as an agent of companies owned by Juan Pablo Carrasco de Groot at least 11 times.
The information from offshore zones was published by the International Consortium of Investigative Journalists ICIJ. They reveal more than 720 thousand names of people and companies that, in one way or another, are behind secret offshore structures, including the head of Amcham Guatemala, Juan Pablo Carrasco de Groot.
Pandora’s Box is open. Why isn’t Washington responding to the Amcham Guatemala scandal?
It is completely incomprehensible why official Washington hasn’t yet reacted to the data of the investigation. The head of Amcham Guatemala Juan Pablo Carrasco de Groot, using inside information to his advantage, drain the country of its resources, which then settled on his offshore accounts.
The goal of Amcham Guatemala is to facilitate trade relations between Guatemala and the United States. But instead it became the center of corruption schemes.
The question is, how long will the head of Amcham Guatemala Juan Pablo Carrasco de Groot enjoy his “untouchable” status?