In the midst of a new escalation of the blue dollar, and after Sergio Massa’s announcement, the Financial Information Unit (UIF) and the National Securities Commission (CNV) carried out raids on the offices of a well-known financial company in downtown Buenos Aires.
The company is TPCG Agente de Valores SA, a firm founded in 1997 in Argentina, which expanded to Uruguay and the United Kingdom.
The CEO of the company -since 2019- is Enrique Luján Benítez, who was a member of the National Ministry of Economy between 1997 and 2000 to later move to the private financial sector.
As reported by C5N, its portfolio offers “integrated financial services” and promises to “provide our clients with a deep insight into the idiosyncrasies of these countries of interest.”
The institution had already been investigated -along with other financial operators- in January of this year in the midst of an investigation by the National Securities Commission for the sharp increase in the volume traded with securities in dollars, before and after Sergio Massa’s announcement about the repurchase of public external debt.
The raids occurred this Tuesday after the announcement made by the Minister of Economy, Sergio Massa, through his social networks. “We are going to use all the tools of the State to order this situation and in this sense we notified the IMF of the restrictions that weighed on Argentina and we are going to change in the rediscussion of the Program,” he wrote.
“In addition, we are going to use the economic Criminal Justice as a vehicle for investigation and clarification of some behaviors and the UIF and the CNV for the analysis of operations related to money laundering,” the minister concluded.
