Argentina - 01

Argentina: Accusation Against Macri: Escalation Potential for Midterm Elections

A prosecutor formally accused President Mauricio Macri of a conflict of interest this week in connection with the recent pardon of $128mn in public debt originally created by his family’s company, Sociedad Macri (SOCMA). In 1997 SOCMA, founded by businessman Franco Macri, the president’s father, won a concession to operate the Argentinean Postal Service, Correos Argentinos, after right-wing President Carlos Menem of the Peronist Justicialist Party (PJ) privatized the service. In 2003, however, following the country’s severe political and economic crisis, Nestor Kirchner was elected.

To continue reading, please submit your contact details along with a short message below indicating what you'd like to learn more about and we'll get back to you.