Livestock Connection Case in Uruguay: Carrasco's children protest the freezing of their accounts

By Brittany Solano

He Livestock Connection case in Uruguay added a chapter of high tension in Montevideo after the million-dollar fall of the livestock fund. The children of the accused businessman Pablo Carrasco filed a strong appeal before the bankruptcy court to demand the immediate lifting of the precautionary measures that frozen their assets. The young people allege that financial restrictions directly affect their basic daily requirements and even stated in their writing that the current blockade prevents them from buying a simple movie ticket.

He Livestock Connection case in Uruguay It left a total of four thousand savers affected throughout the national territory. The Prosecutor's Office charged Carrasco and his wife with the serious crimes of fraud and money laundering. Investigators discovered that the firm was operating under the guise of a Ponzi scheme. The company raised capital by promising an attractive annual fixed income of seven percent. However, the system completely collapsed a year ago when it ran out of liquid funds to respond to customers.

Today the hallways of the Montevideo courts receive extremely complex claims. On the one hand there are the victims who lost their entire life savings in the fund. On the other hand, the heirs of the imprisoned businessman claim to suffer totally unfair economic asphyxiation.

The release of the heirs linked to the Conexión Ganadera case in Uruguay

Guadalupe and Baltasar Carrasco lead the claim of the five brothers before the magistrates. Their legal defense states that the young people are university students or independent professionals. The court document highlights that they never participated in the social sphere of the family business. They also did not manage the finances nor were they aware of the deep insolvency of the livestock business.

The young shareholders of the Muralir firm consider that the generic embargo is disproportionate to their current reality. The precautionary measures ordered by the Uruguayan Justice reach the shocking figure of 250 million dollars.

According to their written testimony, the financial blockade deprives them of access to essential banking tools. The plaintiffs maintain that they suffer irreparable harm from corporate maneuvers completely beyond their control. The inability to open salary accounts or make minimum digital payments makes up part of their daily complaints.

The defense of the businessman imprisoned for the livestock fund scam

For his part, Pablo Carrasco himself also requested the immediate cessation of his personal embargo. The businessman acknowledged before the criminal judge that he may have acted negligently regarding internal controls. However, the accused flatly denied having the financial management of the organization in his hands. His defense strategy points directly against his former partner, Gustavo Basso, who took his own life before the public scandal broke out.

Carrasco stated that Basso's entourage used personal accounts to evade traditional state controls. Meanwhile, the victims' lawyers are analyzing a payment proposal of 35 million dollars against the clock. This amount would allow the victims to recover a smaller portion of the capital invested within a period of two months. The final resolution on the fate of the family assets was now in the hands of the magistrate in charge of the commercial bankruptcy.