The head of Grupo Fam was indicted in Córdoba for the alleged asset-stripping of Fono Bus.

Economic Criminal Prosecutor's Office No. 1 of Córdoba has charged Christian Flavio D’Alessandro, head of Grupo Fam and partner of Grupo Fono Bus, for alleged asset stripping of a company. The measure also applies to his wife Gabriela Serra and accountant Marcelo Daniel Pucheta, following a complaint filed by Gianfranco and Fabiola D’Alessandro, co-owners of Fono Bus. All three have been summoned to appear in accordance with Article 174, Section 6 of the Penal Code, which provides for up to six years in prison.

The prosecutor's office gathered evidence that would indicate a series of financial and administrative maneuvers with a direct impact on Fono Bus's operations and assets. The case is being led by prosecutor Matías Bornancini, who valued an initial investigation with multiple elements provided by the complainants. The central issue is asset stripping, which is applied when funds are diverted or operations are affected in favor of third parties.

The former manager and current defendant allegedly carried out transactions with company funds for the benefit of a parallel and competing firm. The accusation also covers personnel movements, withdrawal of vehicles, and use of bank accounts without corporate authorization. The complainants emphasize that these actions directly affected the viability of Fono Bus, operator of the intercity passenger service.

Financial mismanagement and misuse of funds alleged

The complaint was filed in February 2025, after months of internal tensions within the company. It lists behaviors that would have harmed Fono Bus, such as failure to call meetings, unjustified payments, and unregistered sales. One of the most notable incidents is the withdrawal of USD 32,500 from a company account on November 27, 2024.

On that same day, D’Alessandro and his wife acquired shares of “El Quebrachal SRL”, which was later used as the operational base for Grupo Fam. The accusation states that this purchase would have been made with Fono Bus funds, without board authorization. According to the complainants, this was a maneuver to consolidate a new company in direct competition.

Additionally, the sale of vehicles without accounting records and the refusal to pay basic obligations such as supplies and payments to suppliers are mentioned. All of this would have weakened Fono Bus's daily operations. Since then, the parties have maintained a corporate dispute that led to legal action.

The conflict coincides with changes in urban transportation

The context also includes the redesign of the urban transportation system promoted by municipal and provincial governments. According to the case file, Grupo Fam managed to access routes previously operated by other companies, consolidating its position in the urban service. Since March of this year, it has been part of the public passenger system in Córdoba.

The complainants maintain that D’Alessandro sought to weaken Fono Bus during this process, transferring key personnel to the new firm. They also indicate that he retained two vehicles that were later seized by court order. At the end of 2024, he reportedly informed the union Aoita that he would not pay the year-end bonus, which caused internal tensions.

The business decisions would have had a direct impact on the operation of the intercity service. The prosecutor's office links these events to a broader plan aimed at redirecting resources to the new business structure. In this context, it is being investigated whether there was fraudulent management for competitive purposes.

The accountant was also implicated in the case

Marcelo Pucheta, the company's accountant until then, left Fono Bus to join Grupo Fam. In his former office, documents were found that would support the transfer of “El Quebrachal SRL” to the now-defendants. Among them are copies of social share transfer agreements.

The prosecutor's office considers that these elements strengthen the hypothesis of a deliberate asset stripping maneuver. In addition to the use of funds, the aim would have been to consolidate a competing venture without the proper legal authorization. The documentation will be key to defining responsibilities and upcoming procedural measures.

Meanwhile, the complainants insist that provisions of the Companies Law were violated, especially regarding unfair competition. D’Alessandro's continued status as a partner activates new legal proceedings. "This is not a family conflict but strictly a corporate one," said attorney Pedro Despouy.

Legal breaches in corporate management alleged

The complaint highlights that several decisions would have been made without proper board approval. Among them are participation in a competing company and the omission of key information to partners. These actions could violate rules set forth in the Companies Law, such as those contemplated in its Articles 157, 272, 273, and 274.

It is questioned that D’Alessandro would have continued operating on behalf of the group despite his removal as administrator. This worsens the legal situation, since he would remain a partner without formally disassociating himself. He is also attributed responsibilities that would compromise Fono Bus's financial health.

The complainants' attorney is considering expanding the initial filing in light of new evidence that may arise. They believe there was a planned strategy to weaken the company for personal gain. The prosecutor's office is now analyzing whether a criminal offense is established for cases of disloyal or fraudulent management.

D’Alessandro's associates maintain that there were no illicit maneuvers or misuse of company funds. They state that the acquisition of El Quebrachal SRL was a private transaction, unrelated to Fono Bus, and that the disputed actions are due to commercial disagreements, not crimes.