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Argentina Orders 100+ Raids in Official-Dollar Probe Targeting Sur Finanzas and Central Bank Inspectors

Judges move to trace suspected abuses of the official dollar market through secrecy lifts, targeted searches, forensic seizures.

Overview

  • Federal judges María Servini, María Eugenia Capuchetti and Sebastián Casanello coordinated more than 100 simultaneous searches across three investigations on December 29.
  • Police searched the Banfield home of financier Ariel Vallejo’s mother, seizing computers, phones and documents tied to alleged currency maneuvers.
  • Capuchetti lifted fiscal and banking secrecy for Vallejo and 14 linked companies in a Sur Finanzas case that has been active since 2021.
  • Casanello ordered raids at Argentina’s Central Bank (BCRA) headquarters and at the homes of inspectors to probe potential complicity or negligence in authorizing access to the official FX market.
  • The probes examine suspected irregular purchases around US$1.4 billion during the 2019–2023 controls, with the UIF reporting anomalous flows exceeding US$1 billion; the cases remain under seal with no public imputations reported.