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Offshore Leaks Database

Data from
Panama Papers - The Power Players
Former Buenos Aires finance minister

Néstor Grindetti

Offshore company used a Swiss bank account

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Néstor Grindetti served as finance minister of Buenos Aires when the city was led by current Argentine President Mauricio Macri. In December 2015, Grindetti was sworn in as mayor of Lanús, an industrial city south of Buenos Aires but still within the greater Buenos Aires metropolitan area. As economist, Grindetti worked over 25 years for the business empire created by Macri’s father. He also headed the Believe and Grow foundation created in 2001 by the younger Macri. He and the president are both members of center-right political party known as PRO.

In the data

From July 2010 to June 2013, Grindetti had power of attorney for Mercier International SA, incorporated in Panama in 2010, to handle company funds deposited with Swiss private bank Clariden Leu Limited. The only shares of Mercier were bearer shares, which help obscure ownership of companies. During the period in which Grindetti handled the assets of Mercier, he served as finance minister of Buenos Aires, appointed by Mauricio Macri, who then headed the capital’s government and is now Argentina's president. Grindetti did not disclose his connection to Mercier or to the Swiss bank account in his annual asset disclosure reports from 2010 to 2013.


Grindetti said he would not respond because he faced "a great political challenge" and didn't "have time to reply."
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.


There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more