Creditors allege Argentine soy giant siphoned $400 mn

Banks are asking a New York judge to subpoena more documents from bankrupt soy-export giant Vicentin SAIC, saying they may have been the victims of “major international financial impropriety. The banks are persisting with a discovery process — started in February as Vicentin went bankrupt — because they suspect about $400 million was drained into sister companies. Vicentin said that it isn’t aware of the request for new documents but that it has collaborated fully so far with the discovery procedure. 

Source: Global Insolvency