Caputo accused of diverting 1 trillion pesos from road funds for financial investments

Argentina's Economy Minister Luis Caputo is facing accusations of diverting approximately 1 trillion pesos (around $3.4 billion USD) that were earmarked for road infrastructure projects. The funds in question were collected via a tax specifically levied on liquid fuels, with the explicit purpose of financing the nation's highways.

According to reports, instead of being allocated to their intended use, these resources were allegedly channeled into financial investments. This includes placing the money in fixed-term deposits and purchasing public bonds, a move that has drawn sharp criticism from officials like Tolosa Paz.

The alleged diversion raises serious concerns about the government's fiscal management and its commitment to crucial infrastructure development. Critics argue that using dedicated infrastructure funds for financial speculation undermines long-term national development goals and potentially deprives essential projects of necessary capital.