Lázaro Báez court says Switzerland deposits $ 850,000 – 03/29/2019

Federal Court 4 (TOF 4) reminded Switzerland of the freezing of the funds found on account No. 511481 of Lombard Bank on behalf of Tyndall Limited Inc, which is owned by Lázaro Báez's family, and requested that the sum of $ 850,000 be sent to Argentina.

The request was made while the result of the hearing held twenty days ago in the Bahamas is still ongoing to determine that the freezing of $ 4 million blocked for the Argentine justice in an account related to the businessman K.

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Justice is determined to repatriate as many funds as possible applied by Lázaro Báez and his environment money-laundering maneuvers abroad.

These movements of funds exceed $ 600 million, According to Judge Sebastián Casanello, when he found the owner of Austral Construcciones, his four children and the financier Leonardo Fariña, among other defendants.

As for "the way of the money K", the Argentine justice seized the Báez for $ 60 million, against an officially known heritage of $ 205 million. In parallel, they also stuck them with Inhibition of badets, freezing of bank accounts, intervention of companies and loss of badet management.

The case being in full development of its oral process, the discussion was unleashed by funds located abroad. In a seven-page letter to which he agreed Clarin, the President of the Court, Néstor Costabel, ratified before the Federal Office of Justice in the area of ​​international legal aid freezing and embargo that at the time dictated Judge Casanello on August 12, 2016.

But among other things, it was also requested that the funds deposited in the account 511481 of the Lombardy bank of Switzerland be "liquid funds surrendered and / or repatriated, in excess of USD 850 000" and it was requested that they be deposited in a Banco Nación account bearing the name of the Lazaro Báez case.

The trial, which counts 25 defendants, opened last October. To request the surrender of the $ 850,000, the TOF 4 reminded the Swiss authorities that Báez and the other defendants "are being judged for their contribution to a structure intended to convey funds of illicit origin provided by Lázaro Báez, either in expatriation course and partial repatriation, for about 60 million dollars ".

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Judge Casanello had determined that since the end of 2010, "a financial engineering for millionaire money laundering with Lázaro Báez at the head "and that many of the people who helped him in this task" have in turn made excessive investments in lavish goods and services with the money from participation in the financial structure and corporate and fictitious money banking "that"provided that"K business man.

In this context, it was corroborated that part of the illicit money that Báez had laundered had been transferred to Tyndall Limited Inc., whose funds are claimed. The owners of this account are Daniel Pérez Gadín and Jorge Chueco, Accountant and K Business Lawyer, respectively. The other users of this account are Martín and Luciana Báez, the oldest children of Grupo Austral's owner.

In addition, also with the intervention of Pérez Gadín and Chueco, Tyndall Limited Inc opened in July 2012 an account in bank J. Safra Sarasin, whose final beneficiaries were the four children of Lázaro Báez. This account was closed in May 2013 and has received accreditations from SGI Argentina and Marketing And Logistic Management SA. with a balance of $ 5,646,331.

This money was eventually allocated to the account of the Kinsky Foundation in Switzerland, also opened by Lázaro Báez's accountant and lawyer with his four children as final beneficiaries.

On May 20, 2013, Martín Báez asked Álex Mauro, an employee of the Swiss bank Safra J. Sarasin, to close the account and transfer the funds to account 579484, headed by Kinski S.A. in the Bahamas.

On June 12, 2015, $ 10,399,975 was credited to this account, whose beneficiaries would be the four children of Lázaro Báez.

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In addition to these millionaire fund movements –illegal because they were all inhibited- The Financial Information Unit (UIF) has detected that out of the nearly $ 10.4 million transferred to the Bahamas "About 5.5 million" were "stolen successfully". That is to say that at the end of all movements and transfers between Switzerland and the Bahamas, and Despite the fact that the law forbids it, the Báez have been able to earn money.

This was the first incident badyzed by TOF 4 that led Martín Báez to prison a little over a month ago because he was the beneficiary of these movements.

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The Argentine justice maintains that these funds "must remain frozen, because there is a risk that (the Báez) hide these millions again if the Bahamas allow them", they would fail to confiscate very large amounts obtained illegally"judicial sources explained Clarín.

PDL