Buenos Aires Gov't Granted Permits to Illegal Forex Traders

Inspections and raids earlier this year revealed the existence of 17 illegal foreign exchange traders. In reviewing their paperwork, it has now come to light that they received permits from the opposition controlled Buenos Aires city government, without the prior approval of the central bank as required by law. Indications of money laundering, tax evasion, and currency smuggling by such traders has also emerged. Their relationship with city government officials is currently being investigated. Leonel Poblete reports from Buenos Aires. teleSUR