# Legal investigations into Luis Caputo

> Live situation record from CLSTR: https://clstr.news/situations/legal-investigations-into-luis-caputo
> Updated: 2026-10-13T15:00:57.000Z. Sources: 25. Developments: 2.

Argentine Economy Minister Luis Caputo has become the subject of multiple legal challenges involving allegations of financial misconduct and abuse of office.

In September 2026, a criminal complaint was filed by lawyer Virginia Marta Cassola regarding a highly profitable transaction by Central Puerto, the nation’s largest private electricity generator. The complaint alleges crimes such as “incompatible negotiations with public office, breach of official duties, fraud, and the misuse of privileged information” following the company’s sale of a stake in the miner AbraSilver. The transaction yielded a profit of approximately US$137.6 million, a surge attributed to the RIGI tax-break framework.

By October 2026, legal scrutiny expanded to include Central Bank (BCRA) officials following an audit by the Auditoría General de la Nación (AGN). The AGN reported a loss of approximately US$1.023 billion in gold derivative operations conducted in 2025, specifically citing US$960 million in negative contract results and US$62.8 million in option premiums. The audit suggested the bank may have been speculating on gold prices rather than hedging.

In response, presidential spokesperson Adrián Ravier defended the strategy as a “necessary insurance policy against market volatility,” claiming the appreciation of gold prices ultimately resulted in a net positive position of approximately US$2,500 million, while accusing the AGN of politizing the matter. Despite these defenses, legal pressure has intensified. Lawyer Gregorio Dalbón has requested the arrest of Minister Caputo, BCRA President Santiago Bausili, and Director Juan Curutchet, alleging fraudulent administration, abuse of authority, and illicit association. Furthermore, Deputy Esteban Paulón has filed a criminal complaint seeking to investigate the potential misappropriation of public funds and a lack of transparency regarding the management and location of gold assets.

## Claims

- The AGN reported that gold derivative operations in 2025 resulted in a loss of US$1,023 million. (disputed by 11 sources)
- The BCRA claims its gold position, including hedges, resulted in a net gain of approximately US$ 2,505 million. (disputed by 4 sources)
- Lawyer Gregorio Dalbón has requested the arrest of Luis Caputo, Santiago Bausili, and Juan Curutchet. (corroborated by 4 sources)
- Presidential spokesperson Adrián Ravier defended the BCRA's gold hedging as a necessary insurance against market volatility. (corroborated by 3 sources)
- The AGN accused the BCRA of speculating on gold prices rather than hedging. (corroborated by 3 sources)
- Deputy Esteban Paulón filed a criminal complaint against Luis Caputo and Santiago Bausili regarding gold reserve management. (corroborated by 2 sources)

## Timeline

### 2026-10-13: Argentina BCRA gold reserve management sparks legal complaints

Argentina's BCRA faces legal challenges and criminal complaints after an AGN audit reported US$ 1,023 million in losses from gold derivative operations, which the government defends as necessary hedging.

19 sources. https://clstr.news/cluster/argentina-arrest-requested-for-luis-caputo-and-bcra-officials

### 2026-09-19: Luis Caputo faces criminal complaint over Central Puerto mining profits

Argentine Minister Luis Caputo faces a criminal complaint over Central Puerto’s US$137.6 million profit from selling a stake in AbraSilver, a gain linked to the RIGI tax incentive regime.

7 sources. https://clstr.news/cluster/luis-caputo-faces-criminal-complaint-over-central-puerto-mining-profits

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Cite as: Legal investigations into Luis Caputo. CLSTR, https://clstr.news/situations/legal-investigations-into-luis-caputo