“La Mole” in the Observatorio neighborhood: 14 years of scams, bankruptcies and judicial neglect in Córdoba

The building known as “la mole” represents one of the most scandalous real estate failures in recent decades in the city of Córdoba. Construction, paralyzed 14 years ago, is at the center of a complex criminal case for alleged scams against numerous private investors. The conflict recently worsened after the dissemination of images showing minors walking around cornices without any type of protection or security measure

Prosecutor Celeste Blasco ordered a comprehensive operation on the property in the face of the imminent danger posed by the illegal occupation of the abandoned tower. During the police procedure, 24 people were found to be staying overnight in the place, who were removed in strict compliance with the court order. Behind this situation of marginality, there are problems of crime and consumption that worried the residents of the Observatorio neighborhood

The original project was initially stopped by the Municipality because the work exceeded the maximum height allowed by the regulations by 7 meters. This violation of the Building Code, together with a bankruptcy proceeding now pending in local courts, sealed the fate of the structure. For more than a decade, the existence of a failed trust has prevented legitimate buyers from recovering their assets or completing the

The future of the structure under the bankruptcy orbit

The judicial file is currently in charge of bankruptcy judge Eduardo Chiavassa, who is responsible for defining the final destination of the building. The alternatives being considered by justice include the possibility of a private individual taking over the project or proceeding with the total demolition of the work. The legal insecurity generated by the bankruptcy of the original construction company keeps this real estate asset in a state

Many of the occupants who were removed from the site reported suffering from the rupture of family ties or the lack of stable employment opportunities. Profiles of adult men, such as a 53-year-old man, and cases linked to mental health pathologies that require follow-up outside the police environment were detected.

History of technical irregularities and criminal scams

Investors affected by the alleged scams are closely following the movements in the property, waiting for a resolution that contemplates the compensation of their investments. The tower stands as a monument to the lack of controls and to the insecurity in trust contracts that proliferated a decade ago.

The municipality had already tried to inspect the sector last year, but the inviolability of private property prevented construction inspectors from entering. The intervention of the prosecutor's office was the necessary trigger to break the municipal inaction and proceed with the eviction of intruders who were putting the area at risk. Local authorities reported that perimeter surveillance will be maintained to prevent the building from being vandalized or reoccupied by criminal

The final decision on whether “the mole” will be converted to rubble or finalized under new technical guidelines depends solely on the progress of the bankruptcy process. Those affected by real estate scams demand that justice speed up the time to close a chapter that affects the urban physiognomy of the capital. Meanwhile, the building stands as a reminder of the constant risks associated with private projects that are always at the mercy of excessive municipal bureaucracy