Not known Factual Statements About institutional financial solutions

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Martínez has become referred to as becoming "closely joined" on the late Argentinian president Néstor Kirchner[1] and as owning been a "Good friend" of Kirchner's. Based on a person source, "When the former president traveled to The usa, he made an area in his routine" for a gathering with Martínez.

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His "wholesale" buy of defaulted Argentinian bonds was viewed as an act of "loyalty" to Argentina by Kirchner and Other people. Through Argentina's worst economic instances, he purchased into "Virtually all" from the region's significant firms, "from Telecom to Transener."[8]

Quantifying the financial repercussions of cash laundering is demanding, nevertheless the International Financial Fund estimates it could stand for five% of the global GDP.

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The Occasions traced the Tale to 2009, when Martínez loaned Vitro $75 million in Trade for that title to numerous of its properties and an choice to return them to Vitro later in Trade for any 24 p.c stake from the company. In 2010, Martínez "went to different financial institutions that Vitro owed cash to and purchased the claims," So getting to be the institutional financial solutions firm's "most important personal outside the house creditor, owning about $600 million truly worth of statements.

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