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 28, 03:10 (GMT + 9):
Jealsa has an eye on Brazil
United Kingdom
Jul 28, 02:40 (GMT + 9):
Shetland Catch records profit surge but turnover drop
Netherlands
Jul 28, 01:40 (GMT + 9):
ASC products becoming popular in Netherlands, Germany
Brazil
Jul 28, 00:50 (GMT + 9):
Cooperation agreement on fisheries-aquaculture sanitary extended
Mozambique
Jul 26, 04:50 (GMT + 9):
IN BRIEF - French-Mozambican company expands clam farming in Nacala, northern Mozambique
United States
Jul 26, 04:50 (GMT + 9):
IN BRIEF - Season Winds Down for Aleutian Herring Fleet
United States
Jul 26, 04:50 (GMT + 9):
IN BRIEF - Oyster harvesters see unloading fees increase at some Peninsula docks
United States
Jul 26, 04:50 (GMT + 9):
IN BRIEF - After surviving a year of wild weather, nearly 30,000 oysters are moving out of the Inner Harbor
United States
Jul 26, 04:50 (GMT + 9):
IN BRIEF - NASA funds study of changing climate, land use on Chesapeake and Delaware Bays
Japan
Jul 26, 04:50 (GMT + 9):
IN BRIEF - Feces, poison found on Vietnam shishamo fish
United States
Jul 26, 04:50 (GMT + 9):
IN BRIEF - Louisiana shrimpers' catch is up in June compared to previous years
United States
Jul 26, 04:50 (GMT + 9):
IN BRIEF - Gulf shrimping season off to a 'good' start
United States
Jul 26, 03:50 (GMT + 9):
IN BRIEF - Starboard sues Darden over records of Red Lobster sale
Iceland
Jul 26, 03:50 (GMT + 9):
IN BRIEF - Icelandic Fisheries Minister: Quotas ‘based on science’
European Union
Jul 26, 01:40 (GMT + 9):
IN BRIEF - Commission welcomes Council's agreement to improve how seas and coastal areas are used



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Relevant funding granted to the Scottish fishing sector
United Kingdom Scottish Inshore Fisheries Groups are to be allocated funding for research projects designed to improve and maintain their sustainable management measures.
Breakthrough in fighting EMS
Japan The Japan International Cooperation Agency and the Japan Science and Technology Agency have announced a breakthrough in the fight against early mortality syndrome.
More viable lobster licence reduction plan to be implemented
Canada Fisheries and Oceans Canada developed a new plan to allow Prince Edward Island and Nova Scotia fishermen to hold more than one lobster licence and reduce the number of traps in the water.
Curaçao, Ghana and Korea given more time to take steps against illegal fishing
European Union The EC has given Curaçao, Ghana and Korea an extra six months to improve their efforts to fight illegal fishing, after they had been warned in November that they were not doing enough.
 
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-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group 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
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 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER