Argentine political party Coalición Cívica has called on the country’s justice system to investigate a possible smuggling scheme wherein 14 former public employees, 18 private firms, and ten private citizens are alleged to have bought aircraft at inflated prices, thus benefiting from their access to US dollars at the official Argentine peso/US dollar rate, which is far below that of the black market. The scheme is estimated to have raked in USD252 million, with 203 aircraft (worth USD131.1 million) never being registered in Argentina….

Source: ch aviation
Read more: Argentina investigates 2mn aircraft acquisition fraud