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Article: SOUTH AMERICA: WHITE-COLLAR CRIMINALS ESCAPE PROSECUTION.
- Article from:
- Interpress Service
- Article date:
- August 30, 2007
CopyrightCOPYRIGHT 2007 Global Information Network. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Jorge San Pedro*
BUENOS AIRES, Argentina, Aug. 29, 2007 (IPS/GIN) -- Courts in Argentina, Paraguay and Uruguay have failed to provide an effective remedy to a flurry of bank fraud and other financial crimes that began in the late 1990s.
The avalanche of bankruptcies and liquidations of financial institutions reached its peak in 2002. These days the slow pace of justice and large gaps in the countries' criminal codes continue to protect the white-collar criminals from prosecution.
Many cases are still being investigated and prepared and have not yet gone to court. The bankers are accused of various crimes, ranging from fraudulent ...