The statement comes after Guedes was named in reports by the consortium of news outlets covering the so-called "Pandora Papers" data dump, which triggered a preliminary investigation by prosecutors in Brazil.
Guedes' lawyers said the minister had removed himself from the management of the offshore investment vehicle Dreadnoughts in 2018, relinquishing any participation in the financial decisions of the company. They added that Guedes had not moved any money abroad since he joined the government.
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