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Montevideo, June 27th 2019 - 10:46 UTC

Tag: overprices

  • Saturday, June 8th 2019 - 22:19 UTC

    Argentina: Overprices of up to 90% in sales to Venezuela detected

    The audit body compared the invoices paid by the Bolivarian State for these products with the export prices used by Argentine companies and detected overpricing of up to 90% in some products.

    Inconsistencies were found in binational businesses for overpricing and irregular billing for more than 20,000 million dollars between Venezuela and Argentina. According to a report from the General Syndicature of the Nation (Sigen), which was accessed by the newspaper La Nación, between 2012 and 2016 at least 15 Argentine companies would be involved in the escrow between the two countries.