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
Spain
Jul 29, 02:30 (GMT + 9):
Sunlight allows to predict the best time to catch mussel seeds
Canada
Jul 29, 02:20 (GMT + 9):
Processing plant in Clarenville remains closed due to shrimp quota cut
Australia
Jul 29, 01:00 (GMT + 9):
IN BRIEF - Gulf of Carpentaria trawl operators on track to cut bycatch by one third with new prawn net devices
Australia
Jul 29, 01:00 (GMT + 9):
IN BRIEF - Commercial fishers say country of origin menu labelling vital to ensure consumers are informed
Republic of Ireland
Jul 29, 01:00 (GMT + 9):
IN BRIEF - Irish Water guilty over 3000 river fish deaths
United States
Jul 29, 00:50 (GMT + 9):
AquaBounty starts 'field trials' in Argentina and Brazil
Malaysia
Jul 29, 00:00 (GMT + 9):
IN BRIEF - Eco-friendly aquaculture and agriculture centre for Malaysia
Canada
Jul 29, 00:00 (GMT + 9):
IN BRIEF - Debate continues over CAD 250 million aquaculture development for Placentia Bay
United States
Jul 29, 00:00 (GMT + 9):
IN BRIEF - Worm found in Costco salmon, man says
United States
Jul 29, 00:00 (GMT + 9):
IN BRIEF - RAF Launches New Online Courses in Chinese, Vietnamese, Spanish
United Kingdom
Jul 28, 23:50 (GMT + 9):
Innovative test could boost Scottish salmon exports and technology
Peru
Jul 28, 23:30 (GMT + 9):
Mackerel exploratory fishing authorised
United States
Jul 28, 23:00 (GMT + 9):
NAO becomes a tool to boost Atlantic cod management
South Korea
Jul 28, 22:40 (GMT + 9):
Oceanographic vessel to assess Greenland halibut fishery in NAFO area
Ecuador
Jul 28, 21:40 (GMT + 9):
Ban begins to protect tuna populations



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Officials accused of certifying substandard aquaculture products
Viet Nam Officials from the Centre for Aquaculture Testing were dismissed after an investigation revealed that since 2013 they had forged certificates of aquaculture products, some of which were harmful for consumers’ health.
Reconstruction plan after earthquake and tsunami reaches 95pc
Chile In less than a year after the 8.4 Richter-scale earthquake and subsequent tsunami hitting the Region of Coquimbo and northern central areas of the country, SUBPESCA released a balance of the major reconstruction advances of "Coquimbo Restarts" program.
Does oxidized fish oil pose health risks?
New Zealand There is no evidence of a food safety risk associated with fish oil supplements currently on the New Zealand market, according to the Ministry for Primary Industries and the Ministry of Health.
Patagonian ministers discuss stance in defense of export refunds
Argentina Ministers of Production of Patagonian provinces will meet to discuss the possibility of joint action with the national government for the refunds for producers exporting from the ports of the region to remain in force.
 
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+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
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 - 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 - 2016 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER