Argentina’s football landscape has been significantly disrupted following a formal charge brought by the Financial Regulatory Authority (ARCA) against the AFA. The indictment details an elaborate monetary operation that allegedly employed fabricated billing documents and phantom vendors, termed “front companies,” to misappropriate capital and bypass fiscal responsibilities.
Inquiries uncovered 15 purported fictitious vendors believed to have aided in the circumvention of both Income Tax and Value Added Tax (VAT). Expert assessments indicate that the projected fiscal deficit reached 375 million pesos over the 2023-2024 timeframe.
Fund Tracking and Questionable Endpoints
This intricate operation was uncovered through extensive financial scrutiny, which revealed transactions lacking proper legal documentation. A particularly striking element of the grievance centers on where the money ultimately went: tracking the checks issued by the AFA demonstrated that these resources were not allocated for activities related to sports.
Banking records show that the capital was utilized for acquiring agricultural animals, processed meat products, and building supplies—ventures entirely unconnected to the administration of the nation’s primary football organization. Judicial authorities are currently probing if these actions were designed to obscure the true purpose of the funds via a deceptive billing framework.
This content was rendered into English via automated translation. The initial Spanish text is accessible 🇪🇸 here.
📸 MAGALI CERVANTES – AFP or licensors
