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De Vido Gets Four Years in LNG Fraud Case as Court Orders US$5.5 Million Repayment

The nonfinal ruling caps an 11-year case shaped by a voided expert report, with written reasons due November 28 before anticipated appeals.

Overview

  • Tribunal Oral Federal 7 convicted former planning minister Julio De Vido of aggravated fraudulent administration and imposed lifetime disqualification from public office on him and ex-official Roberto Baratta.
  • Baratta was sentenced to three years and six months in prison, while businessman Nicolás Dromi of Diligentia S.A. received three years, reported as a suspended sentence by multiple outlets.
  • The case focused on payments deemed unnecessary to intermediaries in the import of 11 LNG cargoes in 2008–2009, with prosecutors alleging more than US$5 million in undue commissions.
  • The verdict was read by Judges Enrique Méndez Signori, Germán Castelli and Fernando Canero via videoconference, and the prison terms will not be enforced until the judgment becomes final.
  • An early expert report that had underpinned the probe was later declared invalid, its author faces a separate criminal case, and the court scheduled November 28 for its written reasons ahead of expected appeals to the Federal Cassation Court.