Overview
- Federal judge María Romilda Servini authorized at least 60 searches of exchange houses, banks and homes as investigators examine suspected irregular dollar purchases totaling about US$1.4 billion.
- Police raided the Banfield home of the mother of Ariel Vallejo, owner of Sur Finanzas and a figure with ties to AFA leadership, seizing phones, computers and documents.
- The case stems from UIF reports built on Central Bank alerts about operations between January and October 2023, and prosecutors say roughly 90 exchange houses, nine banks and around 200 people are under scrutiny.
- In a parallel file, judge Sebastián Casanello ordered searches at the Central Bank to probe alleged links between a former director and Elías Piccirillo in another irregular dollar scheme.
- Separate reporting and U.S. records indicate TourProdEnter, AFA’s U.S. commercial agent since 2021, handled over US$260 million, sending about US$110 million to Adcap Uruguay and at least US$42 million to Florida LLCs with no verifiable activity, claims the AFA rejects as a defamation campaign.