The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Banks ‘shocked’ by $250 million

Carlos Rohm

Carlos Rohm, vice-chairman of Banco General de Negocios (BGN), is facing charges of fraud in Argentina, based on evidence mainly supplied by his brother, Jose Rohm, the chairman of BGN.

Carlos Rohm has said in court that Argentina now is as bad as Russia under Stalin or Germany under Hitler.

An Argentine court deposition obtained by Euromoney says that Jose Rohm alleges that his brother used around $250 million to pay off debts owed by BGN in an offshore Panamanian account.

The money, according to a source at a foreign investor in BGN, was deposited by Argentine small investors in a Uruguayan bank, Compania General de Negocios (CGN), also run by the Rohms.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree