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
Apr 27, 03:00 (GMT + 9):
Cooke adds environmentally friendly tools to combat sea lice
Mauritania
Apr 27, 02:30 (GMT + 9):
New project intends to boost octopus fishery sustainability in Mauritania
United States
Apr 27, 02:20 (GMT + 9):
IN BRIEF - Lobster shortage sends prices soaring as high as USD 49 per lobster roll
New Zealand
Apr 27, 02:00 (GMT + 9):
IN BRIEF - US House moves to reverse order to aid salmon
Slovenia
Apr 27, 02:00 (GMT + 9):
IN BRIEF - Slovenian fishermen to appeal Croatian fines
Netherlands
Apr 27, 02:00 (GMT + 9):
IN BRIEF - Nutreco launches its Sustainability Report
Sweden
Apr 27, 02:00 (GMT + 9):
IN BRIEF - Kick-off for SLU Aquaculture (SPA)
Canada
Apr 27, 02:00 (GMT + 9):
IN BRIEF - Fishermen's union requests emergency meeting with minister over new lobster rules
Peru
Apr 27, 02:00 (GMT + 9):
CALAMASUR joins SFP’s initiative to protect giant squid
Canada
Apr 27, 01:30 (GMT + 9):
Federal Govt do not properly manage salmon farming, environment commissioner claims
Spain
Apr 27, 01:20 (GMT + 9):
Andalusia opens second call for aid for aquaculture projects
Spain
Apr 26, 23:10 (GMT + 9):
Research vessel starts fishery assessment survey in the western Mediterranean
Belgium
Apr 26, 23:00 (GMT + 9):
GSI restates its commitment to more sustainable salmon farming
Ecuador
Apr 26, 22:30 (GMT + 9):
Progress achieved towards integral aquaculture development
Spain
Apr 26, 21:40 (GMT + 9):
Nueva Pescanova expands capital in new aquaculture technology centre



Lenguaje
FEATURED EVENTS
  
TOP STORIES
UK fishing firm to appeal against South Atlantic fishing licence decision
United States The High Court determines that a British firm will be able to appeal a controversial decision of the UK Government to hand lucrative fishing licences in the South Atlantic to foreign firms.
New attempt to unlock shrimp entry to Brazil
Argentina An Argentine delegation visited Brazil with the purpose of progressing in the negotiations for the Argentine shrimp to be commercialized again in the Brazilian market.
Over 100 kilos of eels destined to Hong Kong intercepted
Spain The Civil Guard conducted another seizure of eels that were to be illegally marketed. This time there were 113 kilos of elvers intercepted at Barajas Airport that were destined for Hong Kong.
Sea Harvest getting closer to buy Viking Fishing assets
South Africa Frozen fish supplier Sea Harvest Group has managed to move a step closer to acquiring the fishing business of domestic peer Viking Fishing, after announcing the South African government approved a transfer of the fishing rights.
 
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. - Group Headquarters
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.
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 | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
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 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER