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Argentina Expands Probe Into Alleged AFA Funds Diversion as Faroni and Gillette Decline to Testify

The case now targets a web of offshore agents suspected of routing sponsorship revenues outside the legal banking system.

Overview

  • Economic crimes prosecutor Jorge Dahl Rocha formally asked Judge Marcelo Aguinsky to broaden evidence-gathering on an international corporate network tied to alleged laundering linked to a high-value Pilar estate.
  • Judge Luis Armella received Javier Faroni and Érica Gillette, informed them of the imputations, and both refused to answer questions after appearing ahead of their scheduled Monday hearing.
  • Investigators say TourProdEnter LLC concentrated about US$260.5 million from AFA-related receipts between 2021 and 2025 while only a small share reached AFA accounts, with transfers traced to entities lacking verifiable activity.
  • Evidence under review includes the roughly US$17 million Pilar property, a fleet of luxury vehicles, and a US$142,893 yacht rental in July 2024 reportedly paid from a TourProdEnter account.
  • The corporate registry regulator IGJ interviewed the accountants who certified AFA’s 2017–2024 balances and is assessing possible oversight steps, though its chief recently signaled opposition to appointing a trustee.