Argentina

Argentina
Saturday, March 21st 2015 - 06:20 UTC

Argentine police discover 15 kilos of pure cocaine in the 'Splendour of the Seas'

Two crew members were detained as they tried to board Splendour of the Seas with packets of cocaine taped to their bodies, Argentina’s AFIP tax agency said

Argentine customs officials seized cocaine worth more than one million dollars million from two crew members on a luxury cruise ship docked in Buenos Aires, authorities said. The suspects, both men, were identified only as a Croatian national and a Chilean traveling on an Australian passport.

Saturday, March 21st 2015 - 05:55 UTC

Cristina Fernandez warns Citibank must comply with Argentine law

Banks operating in Argentina “must obey Argentine laws, just like in every country. We're no different,” the president said.

President Cristina Fernandez warned on Friday that banks operating in Argentina must obey its laws, amid a row over Citibank's refusal to defy a US court order blocking Buenos Aires from repaying its restructured debt. At the end of the month, 31 March, Citibank as custodial has to pay Argentine restructured bonds.

Friday, March 20th 2015 - 08:18 UTC

Israel honors Nisman on bombing anniversary; crowd calls Argentine officials 'scoundrels'

Israel's Agriculture and Rural development minister Yair Shamir praised Nisman saying he ended “paying with his life the attempt to discover the truth”.

Israel honored the figure of Argentine former special prosecutor Alberto Nisman during the Thursday ceremony in Buenos Aires to mark the 23rd anniversary of the 1992 attack on the Israel Embassy that claimed the life of 22 people and injured dozens.

Friday, March 20th 2015 - 08:03 UTC

US website to honor Nisman has among its sponsors the head of a hedge fund in litigation with Argentina

Paul Singer in a billion-dollar legal battle against Argentina over defaulted debt, is the second-largest donor to the Foundation for Defense of Democracies (FDD).

A Washington-based think-tank launched a website and award to honor the memory of late AMIA special prosecutor Alberto Nisman yet its founders raised a few eyebrows as they include someone who has an ongoing court case and regularly spoken ill of Argentina.

Friday, March 20th 2015 - 07:57 UTC

Argentine government claims Nisman could have committed “embezzlement and bribery” crimes

Anibal Fernandez stated Nisman had a “troupe that did not work” but did get paid, and had “the most expensive champagne” when he went out at night.

The Argentine government leading spokesperson launched another furious (smear) attack on the late AMIA special prosecutor Alberto Nisman, alleging he committed federal crimes if he spent government funds in prostitutes and champagne, and kept part of the salaries of his staff.

Friday, March 20th 2015 - 07:12 UTC

Names of Argentines with HSBC offshore accounts in Switzerland to be made public

Feletti said the names of the account holders will be made public and so will the possibility of an HSBC  pre-arranged 'modus operandi' to aid capital flight.

Argentina will move forward with its investigation of the HSBC offshore accounts in Switzerland, and will make public the names of those Argentine citizens and organizations that held money overseas in the financial entity, allegedly with the purpose of eluding local taxes.

Friday, March 20th 2015 - 07:05 UTC

Ten people killed as small chartered plane crashes few minutes after takeoff in Uruguay

 The “Beechcraft C 90” model was registered in Argentina under the ID “LV-CEO”, belonged to Aviajet, and was carrying 8 passengers and 2 pilots

Ten people have been reported dead when a small chartered airplane with Argentine plates crashed Thursday night after taking off at the Laguna del Sauce airport, near the Uruguayan resort of Punta del Este. Rescue teams and fire personnel confirmed at least seven charred bodies.

Thursday, March 19th 2015 - 08:01 UTC

Argentina asks Citigroup how it will react to Judge Griesa' decision

“There were comments about removing their license to operate in Argentina, because that’s what Citibank told Griesa,” Minister Kicillof stated.

Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.

Wednesday, March 18th 2015 - 08:07 UTC

Citigroup to exit custodial business in Argentina following ruling from Judge Griesa

Citigroup has not decided how to exit the custody business, but may sell portions or end some customer relationships, according to the letter from its lawyer Karen Wagner.

Citigroup Inc announced on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a US judge refused to lift an injunction that blocked the bank from processing interest payments on 2.3 billion of Argentina bonds, issued under Argentine law.

Wednesday, March 18th 2015 - 07:57 UTC

Argentine jurist elected to head the UN Human Rights Committee

The HRC is a body of independent experts that monitors implementation of the 1966 International Covenant on Civil and Political Rights. Salvioli has been a member since 2009

Argentine jurist Fabian Salvioli was unanimously elected on Tuesday to lead the UN Human Rights Committee. The 51-year-old lawyer will be presiding over the UN body for one year. Salvioli has been a member of the UN Human Rights Committee since 2009.

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