December 13, 2017
Wednesday, November 5, 2014

Hedge fund seeks to keep Forcieri in the US

Argentine lawyer César Guido Forcieri.
Argentine lawyer César Guido Forcieri.
Argentine lawyer César Guido Forcieri.

NML Capital, owned by billionaire Paul Singer, has filed a request to a Washington federal court to keep Argentine lawyer César Guido Forcieri, former World Bank director and alleged associate of Vice President Amado Boudou, in the United States.

According to NML, Forcieri can answer questions about Argentine assets that might be available to pay off the u$s1.7 billion in judgments the hedge fund has against the South American country.

NML asked a judge to force Forcieri to turn over his passport and stay in the US, as he allegedly has “imminent plans” to leave the country permanently on November 8, the hedge fund said.

Forcieri has been indicted in the Ciccone case together with Boudou, because of his alleged involvement in acquiring the bankrupt printing company that later won a contract to print the nation’s currency.

“If Argentine courts find Boudou guilty, the country may confiscate any profits, funds or property employed in the takeover scheme. Any disgorged funds or property would then become Argentine state property potentially available to satisfy NML’s claims against Argentina,” NML’s lawyers said in the filing, according to Bloomberg news.

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Tags:  Hedge fund  keep  Forcieri  US  debt  Argentina  

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