Martin Báez

Martin Antonio Báez is an Argentinian businessman and the son of Lázaro Báez. The younger Báez, who is a director of Austral Construcciones, a construction firm founded by his father, is, like the elder Báez, a central figure in the corruption scandal known variously as “Lázarogate” and “The Route of the K Money,” the letter K being a reference to the ties enjoyed by Báez and other suspects to the presidencies of the late Néstor Kirchner and his wife, the incumbent, Cristina Fernández de Kirchner.

According to Perfil, Martin Báez is the single individual who has been “most compromised” by Lázarogate.

Martin Báez’s first job was at Epsur SA, where he was a director. Details were reported in July 2013 about Nestor Kirchner’s role in the founding years earlier of Epsur SA, under the control of Lazaro and Martin Baez, and his protection of the company from government regulation and the usual oversight by the Department of Energy.

Martin Báez also became a member of the boards of Del Curto y Loscalzo, Kank & Costilla, and other companies.

The younger Báez is a shareholder in Austral Constructions. His participation in the family business began in 2007, when he was 26 years old. The firm, which had been created in 2003, only days before the inauguration of Néstor Kirchner as President of Argentina, went on to win more than 90 percent of tenders for public works in Santa Cruz.

He also ran Teegan Martin Inc., a company created in Panama and based in Belize. Teegan Inc. was established by the law firm Guardia & Guardia in November 2008. Báez was its principal shareholder. Martin Báez accumulated substantial wealth in a brief period, which enabled him to purchase a mansion in Rio Gallegos and a red Audi coupe, among other possessions.

On April 4, 2013, businessman Federico Elaskar, owner of the firm SGI, appeared on the episode of Periodismo para todos, a TV news-investigation program hosted by journalist Jorge Lanata, that began the K money scandal. Elaskar said on the program that Leonardo Fariña had “sent tens of millions of dollars and euros abroad to offshore companies that were linked to Lázaro Báez and his sons, Leandro and Martin.”

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Wikipedia