Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


One of the ships operated by Alpesca. (Photo: Stockfile)

Justice investigates alleged 'stripping' of Alpesca

Click on the flag for more information about Argentina ARGENTINA
Monday, November 26, 2012, 04:00 (GMT + 9)

The Office of Puerto Madryn, Province of Chubut, will investigate whether there were suspicious maneuvers that may have facilitated the alleged asset stripping of the firm Alpesca, which is the largest fish processing company in the Patagonian town.

The complaint was transferred from the Attorney General in Rawson and it is a shorthand version of the legislative session in which the provincial deputy Jerónimo García reported on a series of alleged irregularities to de-capitalize the company.

This de-capitalization could have been performed by payments made to firms in Mar del Plata, whose main shareholders would be the same as those of Alpesca, or by selling boats to these groups, Diario Jornada reported.

The chief prosecutor, Daniel Báez, said that "what we must analyze is the documentation itself to see if the sale complies with the precautions required by law."

"It is a presentation in which from the Legislature we are forwarded the stenographic record of Garcia´s statements. It was approved in legislation and it is sent to the Attorney. From there, due to a jurisdictional issue, it is re-sent to Madryn," the lawyer explained.

The document describes "the sale of two ships" and mentions "two lawyers from the area." The companies involved would belong to the same owners as those of Alpesca.

"The legal definition that exists in the Argentinean legislation, when we speak of asset stripping, is a detriment to the company itself," stated Baez.

The chief prosecutor said that at present these are all assumptions. However, he stressed: "But if a company has vessels among its capital and these boats disappear from the assets of the business, stripping is a hypothesis that should be investigated."

The fishing entrepreneur Omar Segundo is primarily interested in acquiring the firm, but first he needs about ARS 15 million (USD 3.1 million) to settle the purchase of Alpesca.

Meanwhile, Governor Martin Buzzi cautiously expressed that "the only way in which any participant can get a loan is to have real guarantees and the business operation is performed through the Bank of Chubut."

During the legislative session in which Garcia denounced the alleged irregularities, it was stressed: "We must remember that the boats own the quotas, thereby the fishing capacity is also transferred. Alpesca is worthwhile because it had 21,000 million tonnes of fishing capacity."

"But those who are selling and buying are the two lawyers who work in the same law firm, share the same law firm and this generates some kind of suspicion."

Related article:

- Alpesca agrees with unions on not firing workers

By Analia Murias
editorial@fis.com
www.fis.com

 


 Print


Click to know how to advertise in FIS
MORE NEWS
Singapore
Mar 28, 03:20 (GMT + 9):
IN BRIEF - Clay particles could help fish farmers tackle deadly plankton blooms
Norway
Mar 28, 03:20 (GMT + 9):
IN BRIEF - MHG - Change to Board of Directors
United States
Mar 28, 03:20 (GMT + 9):
IN BRIEF - Bill to ax Alaska fish commission passes out of committee
New Zealand
Mar 28, 03:20 (GMT + 9):
IN BRIEF - Ngāti Kahungunu's new fishing net reduces undersized fish catch
Spain
Mar 28, 03:00 (GMT + 9):
IN BRIEF - Tagged bluefin tuna found 7 years later in fish farm
South Korea
Mar 28, 03:00 (GMT + 9):
IN BRIEF - South Korea Experimenting with Bluefin Tuna Farming
Australia
Mar 28, 03:00 (GMT + 9):
IN BRIEF - Great Barrier Reef protection zones help boost fish stocks 'to pre-European times'
Canada
Mar 28, 03:00 (GMT + 9):
IN BRIEF - Provincial government urges Ottawa to prepare fish compensation plan
Thailand
Mar 28, 03:00 (GMT + 9):
IN BRIEF - Thai junta leader: I'll fight forced labor in fish industry
United States
Mar 28, 03:00 (GMT + 9):
IN BRIEF - Louisiana shrimpers, crabbers advised on new regulations, industry updates
Thailand
Mar 28, 03:00 (GMT + 9):
IN BRIEF - Thai Union Frozen cuts supplier after fishing slavery report
Thailand
Mar 28, 02:50 (GMT + 9):
IN BRIEF - Thailand Denies Forced Labour In Fisheries Industry
United States
Mar 28, 02:50 (GMT + 9):
IN BRIEF - Lockheed Martin, Kampachi Farms Team Up on Ocean Aquaculture
Greece
Mar 28, 02:50 (GMT + 9):
IN BRIEF - Nireus : Signing of Memorandum of Understanding with the Group’s Creditor Banks
Malaysia
Mar 28, 02:00 (GMT + 9):
IN BRIEF - MSD Animal Health to Hold High Quality Tilapia Meeting at 2015 Tilapia Congress in Malaysia



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Ocean fish pathological changes may be caused by human pollution
United States A team of researchers has found certain deep-water marine fish in the Bay of Biscay west of France may develop pathological issues as a result of human-caused pollution.
Blue sharks raise growing interest among fishermen in Canary Islands
Spain A working group of the International Commission for the Conservation of Atlantic Tunas is meeting this week in the Oceanography Centre of the Canary Islands of the Spanish Institute of Oceanography to prepare the next assessment of the blue shark (Prionace glauca).
Rabobank warns reduction from Invermar is 'a major impact'
Chile An official of the Dutch bank entity Rabobank, one of the major creditors of the company Invertec Pesquera Mar de Chiloé, assured that the 55 per cent reduction of liabilities represents "a strong impact."
Mediterranean seagrass meadows could be valuable for fishermen, study suggests
United Kingdom Seagrass meadows could be worth around EUR 190 million every year to commercial and recreational fishing in the Mediterranean according to a new study by marine scientists.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2015 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER