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
United Kingdom
May 27, 03:00 (GMT + 9):
IN BRIEF - Indian Ocean tuna commission reaches landmark decision on harvest control rules
Viet Nam
May 27, 03:00 (GMT + 9):
EU-funded project to boost Vietnamese shrimp production
United States
May 27, 02:30 (GMT + 9):
Imported catfish inspection rollback raises controversies
Spain
May 27, 01:30 (GMT + 9):
Govt and artisanal fishermen plan bluefin tuna fishery in Mediterranean
Australia
May 27, 00:30 (GMT + 9):
IN BRIEF - New technology to stop massive fish stock losses on farms being developed in Townsville
United Kingdom
May 27, 00:30 (GMT + 9):
IN BRIEF - MEP and Grimsby MP say staying in Europe would benefit fishing industry and its supply chain
New Zealand
May 27, 00:30 (GMT + 9):
IN BRIEF - Sanford almost doubles first-half profit
United Kingdom
May 27, 00:00 (GMT + 9):
IN BRIEF - Local fishing industry in line for big Euro grant
New Zealand
May 27, 00:00 (GMT + 9):
IN BRIEF - NZ hoki 'meets international best practice standard for sustainability '
Viet Nam
May 27, 00:00 (GMT + 9):
IN BRIEF - EUR 2.5 mil funded for shrimp production in Mekong delta
Thailand
May 27, 00:00 (GMT + 9):
IN BRIEF - Lights out on Thai Union’s destructive seafood supply chain
Denmark
May 26, 23:50 (GMT + 9):
BioMar promotes algae omega-3 use for aquaculture feed
Argentina
May 26, 23:50 (GMT + 9):
Scientists analyze red tide phenomenon aboard research vessel
Spain
May 26, 23:00 (GMT + 9):
AZTI leads EUR 4 million survey for Atlantic Ocean tuna tagging
Canada
May 26, 22:20 (GMT + 9):
Provincial committee deems LIFO as unfair



Lenguaje
FEATURED EVENTS
  
TOP STORIES
HSMI evidence detected in farmed salmon
Canada A team of international researchers has diagnosed a potential heart and skeletal muscle inflammation in farmed Atlantic salmon samples collected from a BC aquaculture facility in 2013-2014.
EU puts off deadline for Thailand to address illegal fishing
Thailand The EU has given Thailand another six months to end illegal fishing over a year after Brussels threatened Bangkok with a ban on Thai seafood product import.
Sturgeon stock decline urgently needs stopping, WWF warns
Worldwide A new WWF report warns that in the past three decades global catches of sturgeons and paddlefishes have dropped by over 99 per cent.
Fishing vessel fleet monitoring equipment installation sped up
New Zealand New Zealand's Government intends to speed up the rollout of monitoring equipment on commercial fishing vessels.
 
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