From Vicentin they affirm that the criminal complaint of the banks has no basis

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From Vicentin they affirm that the criminal complaint of the banks has no basis




San lorenzo June 19, 2020 Vicentin Plant in Lorenzo Town Photo: JUAN JOSE GARCIA - FTP CLARIN vicentin_garcia03.jpg Z GarciaJJ Garcia-Rosario


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San lorenzo June 19, 2020 Vicentin Plant in Lorenzo Town Photo: JUAN JOSE GARCIA – FTP CLARIN vicentin_garcia03.jpg Z GarciaJJ Garcia-Rosario


“The international banks IFC (International Finance Corporation), FMO (Dutch Development Bank, ING, Rabobank, Natixis and Credit Agricole, creditors of Vicentin, have decided make a criminal complaint without any support before the Justice of Rosario against the company. Through their legal advisor at the firm of Mr. Enrique Bruchou, they have dedicated themselves to disseminating it in all the media they could. Said denouncement has no basis whatsoever and Vicentín will emphatically defend its good name and honor in all relevant forums. “Thus, through a statement, Vicentín tried to dismiss the complaint made by a group of international banks this week.

“Clearly They are not interested in legal proceedings before national courts, but in their repercussion in the media, inappropriate conduct for such prestigious institutions, “they remarked from the Santa Fe firm, and added:” After Vicentín’s tender and payment proposal, his only objective has been to seek his expropriation through an intense lobby before public officials so that the State National and Provincial pay their credit not respecting the current bankruptcy process “.

According to Vicentin, in February 2020 these banks made a presentation of a discovery in the Courts of New York seeking information around the world. “His lawyer has dedicated himself to disseminating this process in the national press. The company has not objected to it in order to avoid incurring costs in a defense that it considered unnecessary. Eight months later and after an extensive investigation said banks did not find a single inappropriate act by Vicentin, but they continue to sow false rumors through their ad hoc spokesperson, “the statement said.

And he continues: “These banks have refused to support Vicentin’s offer of payment through an extrajudicial preventive agreement provided for in national legislation, which had an agreement in principle between agricultural producers and the public bank. They considered that such agreement proposed conditions. very advantageous for producers.

It is inadmissible that international banks use unproven issues or mere innuendo as a way of media pressure to obstruct the bankruptcy process by delaying any exit. The company will not give in to threats or undue pressure of this nature.

The new Vicentín Board of Directors will work tirelessly to find a solution in order to honor the commitments assumed, exercising our right of defense before the Justice, without setting up media campaigns or biased or false stories.

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