Political scandal in Argentina involving Vice President Amado Boudou and the printing house Ciccone Calcografica.
The scandal exposed alleged corruption linking Argentina's Vice President Amado Boudou to a shell company that rescued a state-connected printing firm.
Key Facts
- Key figure
- Vice President Amado Boudou
- Printing house involved
- Ciccone Calcográfica
- Shell corporation
- The Old Fund, represented by Alejandro Vandenbroele
- Funds transferred to Ciccone
- 2.3 million pesos
- AFIP bankruptcy request reversed
- September 24, 2010
- Boudou's role at the time
- Minister of Economy
Location
Cause → Event → Consequence
In July 2010, Argentina's revenue service AFIP requested the bankruptcy of Ciccone Calcográfica. Economy Minister Amado Boudou then allegedly intervened, instructing AFIP to grant the company an exceptional debt moratorium, leading the agency to reverse its bankruptcy request on September 24, 2010.
A shell corporation called 'The Old Fund', led by Alejandro Vandenbroele, injected 2.3 million pesos into Ciccone Calcográfica and took control of it. Boudou denied any connection to Vandenbroele, but investigators later confirmed that Vandenbroele had paid rent and utility bills for an apartment owned by Boudou.
The revelations contradicted Boudou's denials of any relationship with Vandenbroele and triggered a major political scandal in Argentina. The affair raised serious questions about the integrity of the vice president and the independence of the AFIP in its dealings with Ciccone Calcográfica.