Argentine union leader Hugo Moyano transferred $2.58 billion to trusts connected to his wife over a one-month period, according to a report by La Nación published Saturday.
The newspaper said the transfers were made to fideicomisos, a type of financial trust, linked to Moyano's spouse. La Nación did not specify the exact dates of the transfers or the purpose of the trusts in the available summary of its report.
Moyano is a prominent figure in Argentina's labor movement, having led the country's largest union confederation, the CGT, for years. His wife, Liliana Zulet, has previously been the subject of scrutiny in Argentine media over business dealings.
The report adds to ongoing questions about the financial activities of union leaders in Argentina, where corruption allegations have periodically surfaced against senior labor figures. La Nación's investigation appears to focus on the flow of funds from Moyano's operations into vehicles associated with his family.
The newspaper did not state in the summary whether any legal action has been taken or if the transfers were part of legitimate financial arrangements. No response from Moyano or his representatives was included in the material available.
This story is likely to develop as more details emerge about the nature of the trusts and the source of the funds. CYBEV.io will continue to monitor the situation.
