The former head of IBM in Argentina will be arrested and charged after a two-year investigation into alleged bribery and corruption.
Ricardo Martorano will be accused of paying money to the tune of #154 million to secure contracts from Banco Nacion, one of Argentina's largest financial institutions. The bank?s president, Aldo Dadone, is one of five other men to be charged on counts of bribery. Another member of the group is a former aide to Argentinian president Carlos Menem.
The case revolves around the computerisation of the bank?s 500 branches after a back-up system, not originally specified in the contract, was subcontracted to a company called Consad. After the scandal erupted two years ago, IBM dismissed Martorano and the entire board of directors of the bank resigned.
IBM refuses to comment on the case.
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