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ATFA: "Argentina uses BIS to hide money from court order"
Ambito.com
January 27, 2010

Robert Shapiro, co-chairman of the American Task Force Argentina said Buenos Aires was using the Swiss-based BIS to hide money from court orders around the world.

"Cristina Fern ndez de Kirchner can hide from legal judgment but she can't degrade and debase an international financial institution to do it," Shapiro said.

"Argentina is using the BIS and abusing its international role in order to evade court judgments in the United States and Italy and Japan and England and France."

Meanwhile, the Bank for International Settlements (BIS), which acts as a bank for central banks and fosters international monetary and financial cooperation, declined to comment specifically on Shapiro's comments and said the litigation Argentina faces from hold-out bank creditors, is a matter for Argentina and the creditors.

The American Task Force Argentina (ATFA) is an alliance of organizations united for a just and fair reconciliation of the Argentine government's 2001 debt default and subsequent restructuring.

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