Techint, Paolo Rocca accused of corruption in Argentina – Repubblica.it

The story exploded on the indiscretions reported by the Clarin and disseminated by the Anglo-Saxon financial agencies, which led to a collapse of stock prices. Tenaris – Techint Group – after recording the worst fall since 2011 in New York, can not pay the price this morning at Piazza Affari (follow live). Gradually – from the point of view of price lists – the fact that the Tenaris board has confirmed Paolo Rocca as president and CEO of the company after being informed that yesterday "the court of first instance in charge of the investigation of the payments made by the Techint Group in 2008 to an official of the Argentine government (known as "case notebooks"), he made the decision to incriminate the president and chief executive officer ", as reconstituted by the same group note. The council "asked Rocca to continue defending himself with the full support of the council".

As part of the Reuters reconstruction, the "cahiers" case concerns bribes that would be paid by private companies to obtain contracts from the federal government, then firmly between the hands of former President Cristina Fernandez Kirchner; a story that has already trapped dozens of businessmen and politicians. According to the local press, the charges in Rocca are an illegal badociation and the payment of bribes. For the entrepreneur, credited with $ 8 billion in badets from the Bloomberg Billionaires Index, which badesses the family's rated badets, the authorities froze badets for $ 104 million. Also forbidden to leave the South American country.

The President and CEO of Tenaris is awarded – by the local news agency Perfil – the statement: "I have not been involved in payments, I have not allowed them and I do not did not even know them. "

At the root of the scandal – which erupted in August following press inquiries – there are agendas keeping a former government driver and on which the payment of bribes would emerge during the decade started in 2005.

he details Bloomberg that Rocca was directly implicated in the trial after the testimony that a business leader allegedly paid a monthly sum of money – not officially declared – between 2009 and 2012. During this period, he rebuilt the Charge, the Argentine authorities were trying to accelerate the hyperviants of Venezuela's Hugo Chavez for the nationalization of Sidor, for which the Rocca group was to receive compensation of nearly $ 2 billion.

topics:

Techint

Tenaris