Overview
- The government published Decree 286/2026 on Tuesday, accepting Carlos Frugoni’s resignation effective April 25 and naming Fernando Herrmann to Infrastructure and Mariano Plencovich to Transport.
- Investigations linked Frugoni to at least five Florida apartments bought between 2020 and 2022 through Delaware LLCs Genova and Waki, each valued near $215,000, that he did not report to Argentina’s anti-corruption office or the customs tax agency.
- Frugoni acknowledged the omission in an interview, saying “I made a mistake” and that he was moving to correct his asset filings.
- Criminal complaints alleging asset concealment, filed by lawyer Alejandro Díaz Pascual and legislator Facundo Del Gaiso, are now before federal Judge Daniel Rafecas.
- Herrmann inherits oversight of road concessions and planned privatizations, and the Presidency described Frugoni’s exit as a firing while Economy Ministry sources called it a resignation.