A federal court in Argentina has ordered the country’s central bank to disclose the banking data of President Javier Milei and his sister Karina Milei in connection with an investigation into their possible involvement in the cryptocurrency project LIBRA. This decision came in response to a scandal related to the LIBRA token, which experienced a rapid decline after launching its promotional campaign, losing 99% of its value in just a few hours, resulting in significant financial losses for investors.
This is reported by Finway
Judge María Servini issued an order to lift the banking secrecy on the accounts of the president and his sister, marking an important step in the case. It is known that Javier and Karina Milei did not appear at the hearing of the civil lawsuit filed by a lawyer on behalf of 25 investors who were affected by the situation with the token.
“This is not just the collapse of another cryptocurrency. It is a serious issue of trust in institutions and accountability at the highest level,” noted one lawmaker who called for Milei’s impeachment.
Additionally, the court had previously frozen the assets of three co-founders of the LIBRA token, and prosecutors are examining video evidence showing the mother and sister of one of the co-founders allegedly removing contents from bank safes immediately after the token received public support from the president. Meanwhile, reports have emerged in the press about correspondence indicating that LIBRA project co-founder Hayden Davis paid Karina Milei for promoting the token.
Milei, for his part, denied allegations of conspiracy or fraud, asserting that he was involved in promoting the project solely as a fan of cutting-edge technology.
It is worth noting that the initiation of the investigation into the LIBRA cryptocurrency project by Argentine lawmakers took place in early April.