Welcome to FIS   Sponsored By
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
[email protected]
www.fis.com

 


 Print


Click to know how to advertise in FIS
MORE NEWS
Canada
Jul 28, 03:00 (GMT + 9):
IN BRIEF - Fisheries minister wants to take on 'over-valued' fishing licences
Australia
Jul 28, 03:00 (GMT + 9):
IN BRIEF - Successful multi-lateral operation targets illegal foreign fishers
Ghana
Jul 28, 03:00 (GMT + 9):
IN BRIEF - European Union-Funded Fisheries Governance Project Launched in Accra
India
Jul 28, 03:00 (GMT + 9):
IN BRIEF - Gujarat is highest exporter of seafood
United States
Jul 28, 03:00 (GMT + 9):
IN BRIEF - New Bedford seafood manager charged with tax evasion
Thailand
Jul 28, 03:00 (GMT + 9):
IN BRIEF - Thai seafood industry grapples with international scrutiny
Israel
Jul 28, 03:00 (GMT + 9):
IN BRIEF - Enzymotec Launches New, Highly Concentrated' Krill Oil Product
India
Jul 28, 02:50 (GMT + 9):
Seafood exports forecast to grow driven by shrimp
Peru
Jul 28, 02:30 (GMT + 9):
39 tonnes of illegal fishmeal destroyed
United States
Jul 28, 02:20 (GMT + 9):
IN BRIEF - EDA exploring shrimp harbor requirements
Norway
Jul 28, 01:00 (GMT + 9):
Rimfrost accuses Aker of misinforming the market
Chile
Jul 28, 00:30 (GMT + 9):
Salmon sector to use Chinese technology against harmful algae
China
Jul 28, 00:30 (GMT + 9):
Giant JD.com becomes Pingtan’s exclusive online retailer
United States
Jul 27, 23:50 (GMT + 9):
Alaska's processor fined for alleged wastewater discharge breaches
United Kingdom
Jul 27, 23:20 (GMT + 9):
Largest British foodservice provider joins Sustainable Seafood Coalition



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Zebrafish embryo cryopreservation achieved by using gold nanotechnology and laser
United States Researchers at the University of Minnesota and the Smithsonian Conservation Biology Institute have been able to provide the first-ever reproducible evidence for the successful cryopreservation of zebrafish embryos.
PSPA requests probe into foreign steel vessel construction
United States The Pacific Seafood Processor's Association is challenging a request for an exemption to a federal law limiting the amount of foreign steel allowed in fishing vessel construction.
Europêche requests further diplomatic support to renew Guinea-Bissau agreement
European Union The European long-distance fleet has requested the EU Commissioner for Maritime Affairs and Fisheries diplomatic support at the highest level to renew the agreement with Guinea-Bissau.
Greenland halibut latest research survey starts in NAFO zone
Spain The fishing and oceanographic research vessel Vizconde de Eza set sail from the port of St. John's in Newfoundland to begin the "Greenland halibut 3L 2017" survey in the ?Flemish Pass, Division 3L zone.
 
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
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. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
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 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER