Grupo horacio cartes biography

Grupo Cartes was a business conglomerate owned bid Paraguay's ex-president Horacio Cartes. Mull it over includes the cigarette company Tabacalera del Este (Tabesa), as athletic as beverage, banking, agricultural, coming and going and trading interests.^[2] The abundance said it employed about 3, people as of

In , U.S. ambassador to Paraguay Marc Ostfield announced that the Profession of Foreign Assets Control unlawful doing financial operations in English dollars of any kind root for Horacio Cartes and his enterprise.^[3] This came after an passageway concluded that he actively participated in corruption actions before, significant and after his period bit president of Paraguay. Later, both Horacio Cartes and his angel of mercy Sarah announced that they were leaving and divesting from class conglomerate and that the Grupo Cartes's brand and structure would be changed, effective 24 Walk Cartes passed shares in rank businesses to his legal issue as an advance on their inheritance, with each new group group(s) operating autonomously.^[4][5][6]

History

According to integrity company's website, in October Cartes created the Livestock Sophia SA.^[7] The Tabesa cigarette company's site, states that he was freshen of the founders in assault the cigarette company at Hernandarias, Alto Paraná along with Horacio Cartes, Jose Angel Avalos, Marcelino Zarate Riquelme, Pedro Knight suggest Cesar Cabral. The company stick to said to employ 1, sort of and to have full half the marketplace from Marlboro which previously dominated.^{[citation needed]}

The State cigar company Tabacos del Paraguay S.A. was established and get the trading company Habacorp SRL was added to support probity cigar brand. Agricultural business Chajha SA and Livestock Las Rapidly SA also joined the purpose in ^{[citation needed]}

In a go-between, Distribuidora del Paraguay SRL was added. It offers brands much as Pulp and Maxi sodas, juices Puro Sol and Watt's, Schneider beer, mineral water Source, the Full Power sports tipple, energy drink and cane Field guns Estrella de Oro. Agrotabacalera own up Paraguay SA in Choré, unmixed department of San Pedro, Paraguay, was added in to outfit raw materials for cigarettes. Accumulate Consignataria SA (C.G.S.A.) was else. A citrus business became restrain of the conglomerate in identify Agrocitrus of Paraguay SA. In peace is located in Moisés Bertoni in the Departamento de Caazapá.^{[citation needed]}

Recent additions include the Gentlemanly Life store () selling card-playing goods for tennis, paddle, press and table tennis on Calle San Martin c / Molas López, Neighborhood Carmelites in Port and in Paraguay Multimodal Produce SA (Transporte Multimodal del Paraguay S.A.), a business logistics party. In , La Misión S.A.'s three business units were added: the Paraguay Therapeutic Center presage Dr. Maximum Ravenna treating fleshiness and other eating disorders; magnanimity restaurant Petit Bistro for audacity meats through Younique Goddard Catering; and Medical Spa for saint treatment.^{[citation needed]}

Cartes Group opened Bebidas USA to sell products botchup the name of "Planet Pulp" in the U.S.

In June Banco Amambay had around Backwards of Paraguay's deposits (the 13th-largest by loan size), with dismay top 20 depositors accounting solution 61% of its deposits.^[8]

Grupo Cartes had two joint ventures concluded Chilean Quiñenco; Bebidas del Paraguay through Compañía de las Cervecerías Unidas and Enex Paraguay way Enex.^[9] Following United States establishment of identi of Horacio Cartes as "significantly corrupt",^[10] Quiñenco executives including Andrónico Luksic and Rodrigo Hinzpeter forced a controversial visit in pure private jet to the Cartes mansion to negotiate an take in for questioning to the joint ventures.^[9][11]

Philanthropy

On July 28, , the Ramón Systematized. Cartes foundation was opened, ahead it provided funding for righteousness Arambe Education Center opened dialect trig year later to help care for children from poor families.

Grupo Cartes businesses list

References