The Limited Times

Now you can see non-English news...

For Mauricio Macri, the bankruptcy request of the Argentine Mail is a 'revenge plan' of the Government

2021-04-09T16:35:11.275Z

The former president demanded that Judge Marta Cirulli reject the request of Carlos Zannini, the Treasury attorney.



04/09/2021 13:17

  • Clarín.com

  • Politics

Updated 04/09/2021 1:23 PM

Former President

Mauricio Macri

assured that the bankruptcy request of the Argentine Post Office promoted by the Treasury Attorney, Carlos Zannini, is part of a "revenge plan" by the Government against his family.

Through a message on his Twitter account, he demanded that the Civil and Commercial Judge Marta Cirulli, who is carrying out the case against the company that controls the Socma group of the Macri family, reject that request.

"Faced with the outrage against the law of the PTN Zannini, I hope that Judge Cirulli rejects this militant abuse and accepts the 100% payment proposal.

It will prevent damage to the State and the illicit persecution of my brothers and children, which is his plan of revenge,

"Macri wrote.

Despite the fact that the Socma group presented 85% of its creditors agreement with respect to the payment proposal made, the Treasury Attorney in charge of Zannini rejected the offer presented in the framework of the "rescue" process, and thus requested its bankruptcy.


Faced with the outrage against the law of the PTN Zannini, I hope that Judge Cirulli will reject this militant abuse and accept the 100% payment proposal.

Damage to the State and the illicit persecution of my brothers and children, which is their plan of revenge, will be avoided.

https://t.co/fLhiA0TSsx

- Mauricio Macri (@mauriciomacri) April 9, 2021

The opinion of the Treasury attorney was presented within the framework of the cramdown (rescue process) ordered by Judge Cirulli.

This instance begins when the bankrupt does not reach an agreement with its creditors, then they and interested third parties are given the possibility to make an offer to keep it operational.

Macri argues that the judicial case regarding the debt of the Argentine Post Office with the State - a nationalized firm in 2003 during the presidency of Néstor Kirchner - responds to a

"political persecution"

with the sole purpose of advancing on him, his children and extending the bankrupt Socma.

On the other hand, Justice maintains other arguments: when Macri was already in the Casa Rosada, the Government and the company reached a payment agreement, according to which the Macri Group had to pay 300 million pesos in 15 years, with a rate interest of 7%.

The prosecutor Gabriela Boquín rejected that proposal considering it

"ruinous, abusive" and whose "irregular acceptance seriously damages the patrimony of the national State

.

"

He said that the debt was 70,000 million pesos.

The Post office was nationalized in 2003 during the presidency of Néstor Kirchner.

In the last briefs presented, the company rejected this figure and based on a report from the Receivership that responded to the inquiry of the creditors Transporte Chimiray SRL and Carlos Mariano Moiraghi, and of Correo SA itself, it maintained that by applying the rate mentioned by the Receivership for the readjustment,

as of February 28, 2021, the debt was 1,011,610,941.75 pesos.

For this reason, Socma made a last offer where category A creditors, -among them the State- "are offered the full payment (100% -one hundred percent) of the verified or declared admissible capital, with plus their interests calculated at the contractual rate resulting from the verifying sentence from the filing in bankruptcy and until the date of effective payment ".

The judge requested the opinion of the State, the main creditor of Correo SA, regarding the new offer and it was Carlos Zannini as Treasury Attorney who rejected it through a 17-page letter.

"The new offer puts in evidence their bad faith and delaying conduct," said the head of the state attorneys.

JPE

Look also

The Government appointed Carlos Zannini to be a plaintiff in the case against Mauricio Macri due to the agreement with the IMF

Alberto Fernández: "Cristina does not need me to defend her because she is innocent and she will prove it"

Source: clarin

All news articles on 2021-04-09

You may like

Trends 24h

Latest

© Communities 2019 - Privacy