Argentine President Milei shuts down LIBRA investigative unit

Argentinian president Javier Milei officially dissolved the investigation unit created earlier this year to examine potential fraud linked to the Balance Crypto-money.

Balance (BALANCE) was the cryptocurrency that Milei promoted on social networks, and it was under control From. This decision comes only three months after the formation of the unit.

According to the decree signed by Milei and the Minister of Justice Mariano Cúneo Lebarona, the working group “has accomplished the task assigned to him”, having transmitted his conclusions to the prosecutor’s office, according to to local reports.

However, no report was made public and the government has not revealed what the responsibility measures have been taken, if necessary, according to reports.

Milei’s doubtful relationship with the scale

Balance increased in value after Milei approved it On February 14, via its X account quickly collapsed, causing losses of several million dollars for investors and international titles.

The repercussions prompted Argentina to Parliament to open its own investigation and sparked judicial probes in the United States and Spain in possible fraudulent diets involving Milei and her sister, Karina Milei.

UTI, now missing according to to reports.

He was led By María Florencia Zicavo, a relative adviser to the Minister of Justice, raising concerns about the independence of the investigation from the start.

The Milei administration had already made the survey powers of the Argentina financial information unit in April, more monitoring surveillance. Although Milei claims that all the data requested from state entities have been submitted and examined, the public remains in ignorance of the committee’s conclusions, if necessary.

The case now rests with the judiciary, in particular judge María Romilda Servini, in relation to local.