More than $360,000 seized in raids over alleged bribes linked to state shipyard Tandanor

Argentina’s Federal Police seized $367,110 in a series of raids targeting an alleged bribery scheme linked to Tandanor, the state-owned company responsible for naval repair and construction.

One of the five searches took place in Mar del Plata, according to local outlet 0223. The other four were conducted in the city of Buenos Aires. Police also seized bank statements, contract records, electronic equipment and mobile phones.

The investigation began after an internal audit, carried out following a change in Tandanor’s leadership, identified alleged irregularities. The Federal Investigations Department then became involved.

According to information published by the local outlet, a senior Tandanor executive allegedly contacted one of the people under investigation to arrange a $200,000 payment. In exchange, the debt a company owed to the state shipyard would allegedly be cancelled.

The case is before Federal Criminal and Correctional Court No. 7, headed by Judge Sebastián Casanello. In May, he assigned investigative work to the Anti-Corruption Investigative Unit. Financial and digital-device analysis, together with cross-checking data, led investigators to identify five addresses allegedly connected to the scheme. At least two people have been charged, and the investigation remains ongoing.