Argentina’s Economy Minister Luis Caputo and Central Bank President Santiago Bausili faced a criminal complaint in court for speculating with the Republic’s gold and causing enormous losses to the State.
A third defendant is Juan Curuchet, superintendent of Financial and Exchange Institutions of the Central Bank, according to the case opened by lawyer Gregorio Dalbón. The case followed confirmation by the General Audit Office of the Nation (AGN) of a $1.023 billion loss from operating with the country’s gold, whose location remains unknown.
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Dalbón, interviewed on Minuto Uno on C5N, said he will expand the complaint Tuesday before Judge Ariel Lijo and Prosecutor Gerardo Pollicita with new documentation and request the corresponding investigative statements. He will also seek urgent evidence preservation measures, he said.
In his filing, Dalbón argued that “$1.023 billion are not an accounting entry. They are resources of the Republic and demand an explanation worthy of such a figure.” He asked the Justice system to determine who decided, authorized and designed the operations, with what counterparties they were carried out, their economic justification, the risks assumed, the controls that existed, and whether they caused a financial loss to the Argentinian State.
DE LA RADRIOGAFÍA DE ADORNI A LA “PROPUESTA SUPERADORA”
El presidente Milei comparte una publicación de Santiago Caputo diciendo que el 60% de las pensiones por discapacidad están mal otorgadas. Si es así, ¿por qué no hacen una auditoría completa, muestran cuáles son y las dan… pic.twitter.com/wfdS3WRk1m
— Victoria Tolosa Paz (@vtolosapaz) October 12, 2026
The crimes attributed are fraudulent administration to the detriment of the public Milei administration, abuse of authority, dereliction of the duties of a public official and illicit association, according to the complaint.
Economists, auditors and journalists have questioned how, if the international gold price was soaring, Caputo, Bausili and Curuchet accumulated million-dollar losses by using the gold as backing for maneuvers with financial derivatives, without it being known what they did.
Apart from the complaint, rumors are growing that Caputo could be removed from his post, although President Javier Milei defended him today, as he did with other officials involved in scandals who ended up resigning.
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