The Fadea case once again drew judicial attention following a ruling by the Federal Chamber of Córdoba. The chamber judges upheld the indictment of Argañaraz and more than ten former officials involved. Contracts, purchases, and financial management that allegedly caused multimillion-dollar losses are under investigation.
The investigation focuses on events that took place during Kirchnerist administrations at the aeronautical company. Prosecutors maintain that irregular payments and contracts without proper authorization were detected. The case file also mentions deficits in internal controls and misuse of public funds.
The ruling was signed by judges Sánchez Torres, Ávalos, and Navarro, who supported prosecutor Senestrari. The chamber judges held that there were acts constituting fraudulent administration at Fadea. Judge Vaca Narvaja had already charged the accused, and the Chamber confirmed the measure on appeal.
Suspicions about projects and contracts
Argañaraz and Giraudo came under scrutiny for diverting resources to projects without institutional approval. According to the accusation, company funds were used for questionable neighborhood renovations and constructions. An official report found overtime paid to employees for work outside the planning.
The prosecutor also warned about a deal with a Chinese company for the purchase of helicopters. That contract, signed without board authorization, caused financial losses for the state-owned company. A Deloitte audit recommended recognizing the operation with Catic as a multimillion-dollar loss.
A deal with a German firm for the acquisition of training aircraft is also under scrutiny. According to case investigators, the agreement was not reviewed by the board either. Other purchases, such as concrete and cleaning services, were approved without following protocols.
