Cabinet Chief Jorge Capitanich reiterated that Argentina will call for an inquiry for “fraudulent maneuvers” and urged “bondholders, trustees and clearing agencies” to also take legal action against the vulture funds.

Monday, August 4, 2014

Government calls to take legal actions against vulture funds

Cabinet Chief Jorge Capitanich reiterated that Argentina will call for an inquiry for “fraudulent maneuvers” and urged “bondholders, trustees and clearing agencies” to also take legal action against the vulture funds.

“Argentina will take actions through the Security and Exchange Comission (CNV) for an inquiry on fraudulent maneuvers on credit default swaps,” stated Capitanich in his daily press briefing at government house.

He accused vulture funds of “acting on privileged information” against “markets’ transparency”. The Kirchnerite official pointed out that the government is analyzing several legal alternatives against the holdouts, and said “bondholders, trustees and clearing agencies should take actions” too.

Capitanich reiterated the government’s claims of “malpractice” against US Judge Thomas Griesa and his mediator, Daniel Pollack, whose actions he said have had negative “collateral effects” in the financial system.