Sauces (SAH-oo-zes) means willows in Spanish, and this episode of the Kirchner’s real estate dirty deals is to weep by:
Kirchner Real Estate Firm with One Employee Makes Millions.Janitor Was Kirchner’s Only Employee at Booming Real Estate Firm. The janitor was 68 years old when they allegedly hired him to manage
eight properties located in the province of Rio Gallegos, El Calafate and the luxurious Buenos Aires neighborhood of Puerto Madero.
The investigation was opened after congresswoman Margarita Stolbizer filed a complaint,
Stolbizer noted that in 2007 and 2008, Los Sauces S.A. did not release their profits because those reports did not show that the business performed any operations. The following year, 2009, their investments in real estate exceeded AR $9 million (US $ 634,410).
Another irregularity that drew officials’ attention was the company’s false address, as well as the absence of financial records between 2008 and 2015.
In addition, Los Sauces S.A. did not submit most of its financial statements to the Directorate of Legal Entities of Santa Cruz Province. The company presented its 2015 records recently, after the outbreak of the Hotesur case, another real estate business belonging to the former president that is also under scrutiny.
Fake addresses, one old employee, no tax filings for seven years, millions of dollars in revenues – does that sound like money laundering to you?