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Argentine Navy fraud probe: $1.6B in phantom personnel payments
La Nación (Argentina)LO·AR·2 days ago
Argentina's Navy has removed eight corvette captains and one non-commissioned officer amid a criminal fraud investigation into irregular handling of funds, with potential losses estimated at $1.6 billion. The personnel are on standby while the Justice system proceeds. This marks a significant internal corruption case within the Argentine military, though details on the mechanism and timeline remain unclear.