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Central Bank Opens Formal Currency Probe Into AFA Over About $240 Million in Foreign Receipts

Investigators say the federation rerouted sponsorship, TV and FIFA/CONMEBOL inflows as donations to bypass mandatory liquidation during the 2020–2021 exchange‑control period.

Overview

  • The administrative proceeding targets AFA as an entity and names Claudio “Chiqui” Tapia, Pablo Toviggino and Alejandro Nadur for alleged currency‑law violations.
  • The file examines US$131,384,828 and €94,999,920 tied to Adidas sponsorships, broadcast deals with Fox/Imagen Satelital and Argentina Football Distribution, and transfers from FIFA and CONMEBOL.
  • Sources describe a coding switch from S24 (services) to 108 (other transfers) that classified commercial revenues as donations, with investigators also reviewing potential use of financial dollar routes such as CCL.
  • The Central Bank moved to a formal sumario after repeated document requests since September 2024 and says the case could lead to fines, FX‑market ineligibility or judicial referral if responses fall short.
  • Parallel judicial inquiries continue into AFA money flows and tax matters, and courts confirm Tapia currently faces no travel restrictions in those separate cases.