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In the decision, the judge said that “This shows Bausili’s detachment from the high standards of ethics and transparency that his role demanded of him. “
Bausili disassociated himself from the German bank in early 2016 and immediately joined the team of foreign debt negotiators, notably with the vulture funds, with which Argentina was in default and with judgments against American justice.
“The defendant in his defense said his interventions were always insignificant, but the truth is that it was not only intergovernmental communications, which he was also prohibited from performing, but here he directly accepted so that, among others, Deutsche Bank, an entity from which it had shares and others to receive, was designated as an investment bank and therefore receives 0.12% of the amount invested, i.e. 7 billion euros. dollars, ”Justice said.
The bank for which Bausili had worked thus obtained compensation for its intervention in the negotiation of 8.4 million dollars.
Bausili argued that his participation in the negotiations had been less, but Judge Casanello replied that “in no case can the agreement provided by him be considered insignificant”.
“This was the most relevant act and the most obvious demonstration of their malicious behavior. What was resolved there was of notable importance, as it was decided on a new rich indebtedness by the Argentine state. “, estimated the judge.
According to the magistrate, Bausili “could not intervene in any matter related or related to his former employer before September 2021”. “In other words, all actions carried out by the named, during this period, were prohibited by law”, summarizes the decision.
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