Last year, Argentinian tax inspectors raided Bunge's offices amid accusations that the company had bilked Argentine tax authorities out of ARS1.2 billion in income taxes. Bunge denies the charges.
Argentina’s tax agency Afip has again raided the offices of leading multinational grain exporting companies, seeking evidence to back up charges that the companies cheated the government out of about 150 million pesos ($38 million) in taxes.
A source close to the matter said that Bunge Ltd. (BG) [and] Cargill Inc., were involved in the investigation.
The companies are accused of creating phantom companies using the names of individuals with limited means and even some who had died, Afip said.