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AFA Submits Spending Records to IGJ as Regulator Blocks Switch to Pilar

Regulators say unanswered questions over 2024 spending preclude any change of domicile.

Overview

  • The IGJ says AFA’s accounts show irregularities exceeding roughly $400 million, including about $100 million in unexplained 2024 expenses.
  • After initially disputing federal oversight, AFA delivered documents to explain a mid‑2024 spending surge flagged by the regulator.
  • IGJ director Daniel Vítolo said the touted Pilar address is a vacant lot and reiterated that the jurisdiction change will not be approved until records are normalized and further queries may follow.
  • The relocation bid has moved to the courts, with media reporting an initial favorable appeals ruling for AFA that is attributed to lobbying by Daniel Angelici.
  • Parallel probes examine a luxury property in Pilar and alleged links to frontmen and businessman Javier Faroni, while a new complaint by Guillermo Tofoni accuses AFA treasurer Pablo Toviggino of threats and possible fund diversion.