Suspicions that stockbrokers had accessed privileged information before the announcement of debt reward what did he do Ministry of Economy already has its judicial chapter. It is that the Public Prosecutor’s Office with seat in Commodore Py asked to promote an investigation on the maneuver: the prosecutor ramiro gonzalez I asked the judge Maria Eugenia Capuchetti to lift the stock market secrecy and call the holder of the National Securities Commission (CNV)Sebastian Negri.
The case began due to the complaint filed by lawyer Abel Ignacio Uriburu on January 19, one day after the Economy Minister, sergio masa, will announce the repurchase of foreign debt bonds for more than one billion dollars, established in joint resolution 1/2023. There, the complainant described an alleged network of negotiating securities through privileged information that would have come out, at its discretion, from the Economy and/or the Executive Power.
In that presentation, he used as his main suspicion the historical values what did it take bonds like the GD30, the AE38, the AL35 and the AL410.
The complaint entered the Federal Chamber and Federal Court 5 was drawn, in charge of Judge Capuchetti, who is on duty together with the Federal Prosecutor’s Office 1 of González. Once she entered The magistrate asked the tax representative for a pronouncementthat this Thursday, January 26, asked to promote criminal action.
He did it through a resolution of 7 pages, where he asked the judge to ask the Ministry of Economy to send Resolution 1/2023, where the measure was ordered, since it is not yet added to the file.
According to the court document accessed by PROFILE, the prosecutor also wants Economy to report “how the repurchase process was carried out of the aforementioned bonds as of said resolution, and must be recorded on the date that the bonds were actually subject to the measure, and if after 01-18-23 they increased their price compared to their historical values”.
In turn, let him say lifting of stock market secrecy for the CNV to send “the lists of individuals and legal entities that acquired dollar-denominated bonds (…) in the weeks prior to the implementation of the national government’s decision.”
Thirdly, the prosecutor wants the Central Bank to inform how the repurchase operated in its capacity as financial agent of the Treasury. Also that he be summoned to testify Sebastian Negrithe president of the National Securities Commission, to provide information based on the request made by the Ministry of Economy to investigate the alleged maneuver.
In addition, with this statement they intend to explain what factors can trigger the increase in these bonds and how the purchases of such negotiable volumes.
It is worth mentioning that Negri appeared in Comodoro Py with a note in which he made himself available to Justice. It was in proceedings that were opened in Federal Court 6 due to a subsequent complaint that, according to judicial sources told this medium, it is already accumulated with the cause led by Capuchetti and González.
In Comodoro Py they hope that the magistrate will dispatch the fiscal requirement in the next few days and the investigation will be directed, which has, in turn, its internal correspondent in the CNV by order of Massa.
The case is in the hands of Capuchetti, the judge whose name began to resonate strongly since September 2022 for having been in charge of the investigation into the assassination attempt on the vice president. Cristina Kirchner. Meanwhile, González was the prosecutor who accused the president Alberto Fernandez for violating sanitary restrictions in the scandal over the vip party in olive trees
Repurchase of bonds: after opposition suspicions, Massa will harm to investigate “if sensitive information is leaked”
What is being investigated
A few days before Minister Massa’s announcement on the reward of Argentina’s foreign debt for US$1 billion, global short-maturity bonds registered a record volume of operations, sowing doubts in various analysts. In that sense, the economist, Gastón Lentini and Alejandro Bianchi, Founder of AsesorDeInversiones.comexplained to PROFILE that, prior to the announcement, in the market there was a strange use of caution.
According to Lentini, the surety rate, generally, does not exceed 2% per yearhowever, it is those days reached a value of 20%. “This means that a lot of money was borrowed at a very high rate,” he remarked. “That was one of the points that ended the suspicions,” she added.
According to Moody’s, the Argentine debt recommendation is a “default”
Another aspect that you suspect occurred during the first days after the announcement: financial dollars fell to levels of 330. According to Lentini, one option to take dollars abroad is to buy bonds in the country and sell them abroad. (dollar wire). “Usually, this operation has a higher cost because the “cable dollar” is more expensive than the Mep”, he clarified. However, this time the difference was 0.
The suspicions lie in the possibility that there are people who can buy huge amounts of bonds with money borrowed from the market, wait for the announcement and then sell them abroad for 10% more expensive. “That is, I did not put a weight, I just used the information I had and kept the difference,” she said.
Neither the rise in rates nor the repurchase of bonds: nothing stops the dollar
“This speculation that is super common in the cryptocurrency market, in the traditional market it is not allowed, because the regulations do not allow it”, he asserted.
In the last hours, Two of the 10 investigated stock companies appeared before the National Securities Commission (CNV)according to The nation. Although the names of the firms were not disclosed, it was specified that they were consulted about the purchase motivations and whether they had access to information about the repurchase before the announcement.
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