SanCor: former executives face trial for $1,644 million in pension debt

The judicial landscape is once again complicating matters for one of Argentina's most emblematic dairy cooperatives, SanCor Cooperativas Unidas Limitadas. This week, the federal prosecutor's office in Rafaela escalated the gravity of the company's financial situation by formally requesting the prosecution of two former authorities for misappropriation of social security resources. The amount at stake is alarming and reveals a management with serious inconsistencies: more than $1.644 billion retained and not deposited. The request for trial points directly at José Pablo Gastaldi and Alberto Eduardo Sánchez. Both held the highest authority in the cooperative's Board of Directors during a critical period: between February 2020 and January 2024. According to the fiscal ruling, this period coincides with the systematic retention of contributions corresponding to the workers, without the funds being entered into the systems of retirements, pensions, and social works, constituting a ...