Friday, May 8, 2015

Argentina denies embassy accounts were confiscated in Belgium

The Economy Ministry of Argentina has released a statement denying that two Argentine embassy accounts were confiscated in Belgium following a request by NML Capital hedge fund.

The so called “vulture fund” is suing Argentina over its defaulted bonds more than a decade ago.

The Ministry argued “vultures” tried to “extort Argentina” hiring a court officer (a private activity in Belgium) to freeze embassy funds, but affirmed the Argentine government has not yet been officially informed of such block becoming effective.

 buenosairesherald.com
7/5/15
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