Economy and Business > Markets
The Uruguayan company is investigated for alleged improper practices in the Argentine exchange market and sending funds abroad for the purpose of “leaking currency”
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May 26, 2023 at 12:49
The shares of the Uruguayan dLocal fell sharply this Friday on the New York stock market to touch US$ 9.08 on this noon.
The Argentine government is conducting an investigation into dLocalthe only unicorn company in Uruguay, for alleged fraud against the Argentine State, and is considering filing a complaint in the United States, reported Infobae and confirmed The Observer.
Minutes later, it recovered some ground and returned to the axis of between US$10 and US$11.
According to Infobae the investigated maneuver now it is to take advantage of the exchange gap to take dollars abroad with operations not reflected in the accounting.
From the Argentine Customs, headed by Guillermo Michel, they indicated that they are evaluating the possibility of notifying the Wall Street regulator, the SEC, through the United States embassy in Buenos Aires, about the alleged fraud.
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