Central bank officials were investigating stock market maneuvers involving K shares

The judiciary ordered raids against central bank officials for alleged irregular maneuvers with dollars during stock prices

12/29/2025 – 11:24 am

The federal judge Sebastian Casanello This Monday he arranged several Raids this reached officials of the Central Bankin connection with a case investigating operations with the dollar carried out by financial companies.

These measures are part of an investigation related to the businessman Elias PiccirilloEx-husband of Jésica Cirio, may be accused Crimes of fraud and extortion.

How the system worked among the stocks

According to the legal hypothesis, during the validity of the foreign exchange restrictions of the Government of Alberto Fernandez a circuit would have been set up Access dollars at the official exchange rate through import simulations.

Once the foreign currency was obtained, it was placed on the informal market, where the price was significantly higher and a profit was made on the difference between the two values.

According to the investigators, the officers who were searched intervened directly in this mechanism.

Who was affected by the raids?

The operations were carried out in the private homes of five inspectors integrate the areas of Supervision of financial and non-financial entities by the Central Bank. There they wanted to confiscate documents, electronic devices and cash.

These are professional technical personnel who continue to work in the company and have passed through various administrations. During the life of the shares, they held the same positions as they do today.

The officers involved are:

1. Diego VolcicChief Inspector for Supervision of Non-Financial Enterprises
2. Analia JaimeInspector General of the same sector
3. Romina GarcíaInspector General of the same sector
4. Fabian Violante, Senior manager of financial companies
5. Maria Fernandez, Chief Inspector for Supervision of Non-Financial Enterprises

Key central bank documentation

In addition to the raids, Casanello ordered a presentation at the central bank’s headquarters to seize documents related to permits granted to companies and individuals who had access to the official dollar during the previous administration.

The aim is to reconstruct the administrative circuit that made these operations possible and to determine possible responsibilities.

The connection with Piccirillo

Research is also trying to clarify this Origin of funds that Piccirillo had made it, accused of alleged extortion and fraud against former partners and investors and for allegedly initiating a police case against a creditor to whom he owed something $600,000.

For his activities in the informal market, Piccirillo was known as “the king of blue“, a nickname that is once again at the center of the judicial investigation today.

The plot behind the largest BCRA fraud in history

The research mentions the activities of two types of banks: those that accept deposits and lend money, and banks that function only as transaction banks and are affiliated with financial companies that operate as such Payment service provider (PSP)like virtual wallets. This is the case with Sur Finanzas PSP.

But in parallel, another judicial inquiry would be launched in the coming days into the maneuvers carried out by officials of the Ministry of Commerce, DGI and BCRA to authorize imports through the EU mechanism SIRA for some 3.5 billion dollars, which would add up 5 billion dollars that would have been sold to businesses and individuals at the value of the official dollar under the full force of the exchange rate, with both also being involved.