Luis Caputo cleared as court confirms dismissal of financial investigation

Luis Caputo Economy Minister Argentina court dismissal financial investigation

The Sala I of the Federal Criminal and Correctional Chamber has confirmed the definitive dismissal of charges against Argentina's Economy Minister, Luis Caputo. The ruling concludes a judicial investigation that began in 2017 regarding his previous tenure as Secretary and Minister of Finance during the Mauricio Macri administration.

The case, initiated by opposition legislators, investigated allegations of incompatible negotiations, potential omissions in asset declarations, and the use of offshore companies to acquire public bonds. The court determined that there was no evidence of criminal intent, noting that Caputo had previously disclosed his involvement with LC Advisors to the AFIP.

Regarding the offshore firm Princess International Group Ltd, the court found that the company was owned by Caputo's brother, Flavio Caputo, and that the minister held no link to the firm or Noctua International during the bond purchases in October 2016. The judges ruled that the bond acquisitions were conducted through open public offerings, precluding the use of privileged information or undue advantages.

Entities

LC Advisors · Luis Caputo · Matías Cúneo Libarona · Princess International Group Ltd · Sala I de la Cámara Criminal y Correccional Federal

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Caputo had previously disclosed his participation in LC Advisors to the AFIP. frenteacano.com.ar · www.eleco.com.ar · chacodiapordia.com
[● 2 SOURCES] The acquisition of bonds via Princess International Group Ltd was an open public offering without undue advantage. frenteacano.com.ar · chacodiapordia.com
[○ 1 SOURCE] Flavio Caputo was the ultimate beneficiary of Princess International Group Ltd. chacodiapordia.com
[● 3 SOURCES] The investigation into Caputo's conduct as Finance Minister began in 2017. frenteacano.com.ar · www.eleco.com.ar · chacodiapordia.com
[○ 1 SOURCE] Luis Caputo had no link to Princess International Group Ltd or Noctua International at the time of the October 2016 bond purchase. chacodiapordia.com
[● 3 SOURCES] The court confirmed the dismissal of charges against Economy Minister Luis Caputo. frenteacano.com.ar · www.eleco.com.ar · chacodiapordia.com