The State Property Management Agency (AABE) will auction a Ferrari F430 that was seized in a drug trafficking and money laundering case, valued at $182,277 by court order as part of a package of six public auctions announced by spokesman Manuel Adorni as part of official policy to recover criminal assets and assign them to the state. Through his social networks he defined the process as a possibility “Give Argentina back what the drug trade took from it”in the file of the Federal Civil and Commercial Court No. 10 (Case 6876/2019).
For now it is included High-end vehicles, real estate and other assets under state administration, many of them involved in complex organized crime cases. These are assets that are achieved through the loss of ownership. This is a mechanism that allows them to be sold in advance to prevent their expiration and ensure that the money reaches the treasury.
Within this crowd, the Ferrari F430 stands out: a 2006 modelred color, equipped with a 4.3 liter V8 engine with 490 hpcapable of driving over 310 km/h. Although the official value was $182,000, similar cars are offered on the European market – particularly between 2006 and 2008 116,000 and 169,000 eurosdepending on use and condition.
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The extinction of the domain, regulated by DNU 62/2019allows the state to recover assets used to commit crimes or acquired with illegal money, even if there is no final criminal conviction. It is used, among other things, in cases of drug trafficking, corruption, smuggling, human trafficking, terrorism or kidnapping to extort ransom money. In addition to the original assets, it also includes their conversions, income, rents or economic benefits derived from them.
The aim of this system is to speed up the recovery of assets, prevent them from deteriorating during legal proceedings, which are often protracted, and ensure that these resources go back into financing public policies. With this new wave of auctions, the government would like to show concrete results and promote the social and economic reuse of goods.
Where does the narco Ferrari that is being auctioned off by the state come from?
The Ferrari F430 comes from a legal case Drug trafficking and money laundering in which the Loza clan was involveda criminal organization with branches in Argentina, Peru, Spain and Italy. His vehicle appears in the file “Ministerio Público Fiscal de la Nación c/ Loza, José Gonzalo and others”, a Domain expiration process started in 2019 from the Federal Civil and Commercial Court No. 10, which sought to recover assets acquired through illegal means.
The investigation revealed that for years the clan operated as a transnational structure dedicated to transporting cocaine from Argentina to Europe. According to justice, They moved more than 800 million pesos through international traffic maneuvers, “mule” flights, drug smuggling and a money laundering cycle that included shell companies, real estate investments and luxury vehicles.
The appears within these purchases Ferrari F430 now worth $182,277 for presale.
The Loza, originally from Salta, They consolidated their network between 2008 and 2018. Erwin “El Nene” Loza led the structure and coordinated deliveries to Spain and Italy through joint research teams. His brother Valdemar headed part of the finance and logistics department, while his wife Clara was in charge of the money laundering department. The Peruvian William Weston Millones played a central role in international transfers. The judiciary also found links to suppliers of false documents in Chile and the USA Using hidden Euro loads that went through Ezeiza.
The cases continued until they went to trial: in 2021, in a procedure that brought together the files collected since 2017, the Oral Economic Criminal Court No. 3 imposed sentences of 10 years for Erwin Loza, 15 years for Valdemar, 5 years for Clara and 8 years for Weston Millones. The verdicts confirmed this Functioning of a stable organizationwith division of duties, international logistics and a financial structure designed to launder drug trafficking profits.
In December 2019, while the criminal proceedings were still ongoing, the court ordered the judicial management of the confiscated assets to prevent their deterioration and ensure their economic preservation. Real estate, hotels, luxury cars appeared –the red Ferrari that belonged to Diego Maradona—, commercial vehicles, apartments and land. Some properties were intended for social purposes, such as Lucía’s house, and were related to drug and femicide prevention.
For this reason, the Ferrari F430, which is now up for auction – is marked by the Chassis ZFFEZ59B00149132– handed over to the AABE for administration along with hundreds of confiscated assets.
How to participate in the public auction: step-by-step instructions
The State Asset Administration Agency (AABE) describes a process for those who wish to participate in public auctions. The race track there is completely online, but each stage must be completed within the deadlines.
Step 1: Pre-registration in the ComprAr system
The first step is to register as a provider in the auction module in the procurement portal. There you fill out a simple form and after submitting it, the system provides a username and password for entry and operation.
Step 2: Download the document
As soon as the user becomes active, the interested party must download the specifications, the document that summarizes all the characteristics of the goods to be auctioned, the participation requirements and the conditions of the procedure as well as essential explanations of the process. Again, it is available on both ComprAr and the official AABE website.
Step 3: Queries within the system
Once registered, the Provider has the opportunity to make requests through ComprAr itself, always within the approved and duly established deadline. During this period, explanatory circulars may be published updating the conditions or modifying points in the list of services, even up to one day before the conclusion of the contract.
Step 4: If necessary, coordinate the visits
For real estate, a prior inspection is mandatory. If you request it, you must send an email to (email protected) and coordinate the date and time with the organization.
Step 5: Register for the respective auction
After reading the specifications and confirming that all requirements are met, it is time to register for the specific auction, an important step in the general process. AABE insists on respecting the date and time of completion: once this limit is exceeded, the system will not allow you to continue with the process or carry out new procedures.
Step 6: Attend auction day
On the specified date, the bidder must log into the system and remain connected for the duration of the auction. During this period you can submit offers that are above the set minimum amount. Once the process is complete, an assessment report will be generated and shared with all participants via the same platform.
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If you would like further additional information and supplementary documents, the AABE publishes the complete guide on its official website in the section “ Steps to follow for auctions and concessions.
MV
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