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Judge Rejects Detention, Denies Congress Unrestricted Access in $LIBRA Case

The ruling keeps asset freezes in force, with a narrower legislative access request awaiting a prosecutor’s opinion.

Overview

  • Federal Judge Marcelo Martínez De Giorgi refused to detain Mauricio Novelli and Manuel Terrones Godoy, agreeing with the prosecutor that there is no evidence of flight or obstruction risk.
  • The judge denied the Chamber of Deputies’ investigative commission unrestricted access to the sealed case file, citing procedural secrecy under Article 204 and due process concerns.
  • Existing precautionary measures, including asset freezes and a prohibition to alter assets, were maintained as sufficient safeguards instead of pretrial custody.
  • Martínez De Giorgi referred a more limited, document-specific access request from the commission to prosecutor Eduardo Taiano for an opinion, leaving that question pending.
  • Days earlier, the Federal Chamber of Cassation upheld embargoes after reporting of transfers exceeding $2 million from token creator Hayden Davis to Novelli and Terrones Godoy, while U.S. authorities in New York conduct a related investigation.