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BANCO MACRO: President On Leave Amid Money Laundering Investigation

(Agencia CMA Latam) - Banco Macro's board of directors accepted the leave request presented by its president, Jorge Horacio Brito, amid a money laundering investigation. As a consequence, the bank's vice-president, Delfín Jorge Ezequiel Carballo, will chair the board of directors until the next ordinary general assembly.

Last week, Macro's shares fell 13.43% after rumors linking Brito to the money laundering case involving the former vice-president of the country, Amado Boudou.

The bank clarified that it carried out in March 2012 a Suspicious Operating Report and then two supplements, all related to operations of a company from January to March 2012 for 7,300,000 pesos. Macro's measures have not been subject to scrutiny by the regulatory bodies or by any judicial authority, the bank added.

by Agencia CMA Latam

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