IBOV 171,133 ▼ 0.21% IPSA 10,923 ▲ 1.70% IPC MEX 67,955 ▲ 1.46% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,321.11 ▲ 7.67% USD/BRL 5.06 ▲ 0.07% USD/MXN 17.21 ▼ 0.09% USD/CLP 898.70 ▼ 0.07% USD/COP 3,490 ▲ 1.03% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.54 ▲ 1.73% USD/PYG 6,094 ▲ 1.10% USD/BOB 6.85 ▲ 1.74% USD/DOP 58.68 ▲ 0.31% USD/CRC 451.82 ▲ 1.73% USD/GTQ 7.61 ▲ 2.27% USD/HNL 26.65 ▲ 1.39% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.27 ▲ 0.44% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 — 0.00% VALE3 79.17 — 0.00% ITUB4 40.60 — 0.00% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 — 0.00% PRIO3 61.34 — 0.00% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 — 0.00% GMAT3 3.96 — 0.00% PSSA3 50.49 — 0.00% CVCB3 1.39 ▲ 5.30% POSI3 3.64 — 0.00% SLCE3 14.25 — 0.00% NATU3 8.56 — 0.00% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 — 0.00% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 — 0.00% VIVT3 33.53 — 0.00% RAIL3 13.36 — 0.00% KLABIN 16.88 — 0.00% RAIA DROGASIL 17.46 — 0.00% RDOR3 34.08 — 0.00% HAPV3 11.40 — 0.00% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 — 0.00% UGPA3 24.80 — 0.00% VBBR3 29.15 — 0.00% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 — 0.00% COMPASS 25.29 — 0.00% VAMOS 3.03 ▲ 3.06% SANB11 27.13 — 0.00% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 — 0.00% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 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5.06 ▲ 0.07% USD/MXN 17.21 ▼ 0.09% USD/CLP 898.70 ▼ 0.07% USD/COP 3,490 ▲ 1.03% USD/PEN 3.40 ▼ 0.03% USD/ARS 1,429 ▼ 0.05% USD/UYU 40.54 ▲ 1.73% USD/PYG 6,094 ▲ 1.10% USD/BOB 6.85 ▲ 1.74% USD/DOP 58.68 ▲ 0.31% USD/CRC 451.82 ▲ 1.73% USD/GTQ 7.61 ▲ 2.27% USD/HNL 26.65 ▲ 1.39% USD/NIO 36.62 — 0.00% USD/VES 585.94 ▼ 0.13% USD/PAB 1.00 ▲ 2.27% USD/BZD 2.00 ▲ 1.70% USD/JMD 157.27 ▲ 0.44% USD/TTD 6.76 ▲ 1.49% EUR/BRL 5.86 ▼ 2.16% BRENT 87.33 ▼ 3.37% WTI 84.88 ▼ 3.23% IRON ORE 161.91 — — COPPER 6.45 ▲ 2.97% GOLD 4,239 ▲ 3.63% SILVER 67.97 ▲ 6.40% SOY 1,132 ▲ 1.52% CORN 412.75 ▲ 0.24% WHEAT 584.50 ▼ 0.38% COFFEE 253.80 ▼ 0.06% SUGAR 14.24 ▲ 3.26% ORANGE JUICE 164.85 ▼ 0.57% COTTON 76.34 ▲ 5.31% COCOA 3,979 ▲ 7.25% BEEF 241.18 ▼ 4.10% CATTLE 357.43 ▼ 0.62% LITHIUM 82.37 ▲ 2.02% PETR4 41.18 — 0.00% VALE3 79.17 — 0.00% ITUB4 40.60 — 0.00% BBDC4 17.80 ▲ 0.68% ABEV3 16.61 ▼ 0.18% BBAS3 19.46 ▲ 0.26% B3SA3 15.23 ▼ 1.36% WEGE3 42.61 — 0.00% PRIO3 61.34 — 0.00% SUZB3 41.52 ▲ 0.56% RENT3 40.70 ▼ 0.25% AZZA3 17.19 ▼ 1.83% CSAN3 3.34 ▼ 0.89% RAIZ4 0.43 — 0.00% PCAR3 1.55 — 0.00% GMAT3 3.96 — 0.00% PSSA3 50.49 — 0.00% CVCB3 1.39 ▲ 5.30% POSI3 3.64 — 0.00% SLCE3 14.25 — 0.00% NATU3 8.56 — 0.00% BRKM5 9.10 ▼ 6.67% RANI3 7.95 — 0.00% CSNA3 6.05 ▲ 0.67% CMIN3 4.30 ▼ 0.92% USIM5 10.85 — 0.00% GGBR4 23.88 — 0.00% ENEV3 24.54 ▲ 0.57% NEOE3 33.80 — 0.00% CPFE3 44.42 ▲ 0.11% CMIG4 10.73 ▼ 0.74% EQTL3 38.77 ▼ 0.31% LREN3 15.38 — 0.00% VIVT3 33.53 — 0.00% RAIL3 13.36 — 0.00% KLABIN 16.88 — 0.00% RAIA DROGASIL 17.46 — 0.00% RDOR3 34.08 — 0.00% HAPV3 11.40 — 0.00% FLRY3 15.18 ▲ 0.13% SMTO3 15.80 — 0.00% UGPA3 24.80 — 0.00% VBBR3 29.15 — 0.00% BBSE3 37.87 ▲ 0.19% BPAC11 50.39 ▼ 0.18% CURY3 32.11 ▲ 0.72% AERI3 2.33 ▼ 0.43% VIVARA 21.33 — 0.00% COMPASS 25.29 — 0.00% VAMOS 3.03 ▲ 3.06% SANB11 27.13 — 0.00% ASAI3 8.10 ▼ 1.70% SBSP3 27.54 — 0.00% WALMEX 52.15 ▲ 0.66% GMEXICO 209.34 ▲ 1.32% FEMSA 222.73 ▲ 0.52% CEMEX 22.31 ▲ 1.97% GFNORTE 187.96 ▲ 2.92% BIMBO 58.24 — 0.00% TELEVISA 9.99 ▲ 1.42% AMX 23.92 ▲ 0.34% GAP 407.52 ▲ 2.66% ASUR 287.09 ▲ 1.07% OMA 219.39 ▲ 2.80% KOF 187.96 ▲ 1.56% GRUMA 296.70 ▲ 1.09% KIMBER 37.42 ▲ 2.44% SQM-B 75,500 ▲ 3.99% COPEC 6,120 ▼ 0.63% BSANTANDER 73.60 ▲ 1.60% FALABELLA 5,950 ▼ 0.34% ENELAM 79.57 ▲ 3.06% CENCOSUD 2,248 ▲ 3.11% CMPC 1,060 ▲ 1.89% BANCO CHILE 182.00 ▲ 2.10% LATAM AIR 23.94 ▲ 3.41% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 16.58 ▲ 1.97% BANCOLOMBIA 80.26 ▼ 0.71% GRUPO AVAL 5.55 ▲ 3.16% CREDICORP 369.55 ▲ 0.32% SOUTHERN COPPER 189.79 ▲ 4.19% BUENAVENTURA 33.42 ▲ 2.01% MERCADOLIBRE 1,590 ▼ 1.27% NUBANK 12.19 ▲ 0.83% XP 16.02 ▲ 2.36% PAGSEGURO 8.96 ▲ 0.22% STONE 11.26 ▲ 0.09% GLOBANT 37.49 ▲ 2.94% TECNOGLASS 43.79 ▲ 0.11% GAP AIRPORT 236.89 ▲ 3.08% ASUR 287.09 ▲ 1.07% OMA AIRPORT 101.77 ▲ 2.59% AMX ADR 27.76 ▲ 0.36% FEMSA ADR 129.37 ▲ 0.79% CEMEX ADR 12.98 ▲ 2.20% PETROBRAS ADR 18.38 ▲ 0.77% VALE ADR 15.71 ▲ 2.28% ITAU ADR 7.99 ▲ 1.01% SANTANDER BR 5.43 ▲ 1.12% AMBEV ADR 3.25 ▲ 0.93% CSN 1.22 ▲ 0.83% GERDAU 4.75 ▲ 1.93% LATAM ADR 53.25 ▲ 3.46% BTC 63,697 ▼ 1.13% ETH 1,661 ▼ 1.15% SOL 67.30 ▼ 2.28% XRP 1.13 ▼ 1.54% BNB 603.94 ▼ 0.92% ADA 0.17 ▼ 3.06% DOGE 0.09 ▼ 1.76% AVAX 6.47 ▼ 3.66% LINK 7.81 ▼ 2.09% DOT 0.95 ▼ 3.05% LTC 43.94 ▼ 0.78% BCH 201.15 ▼ 3.63% TRX 0.32 ▲ 0.47% XLM 0.18 ▼ 2.94% HBAR 0.08 ▼ 1.62% NEAR 2.09 ▼ 1.94% ATOM 1.96 ▲ 0.58% AAVE 65.27 ▼ 2.64% SELIC 14.50% EMBRAER 72.85 ▲ 2.32% EMBRAER ADR 57.80 ▲ 3.02% JBS 12.54 ▲ 2.79% JBS BDR 62.98 — 0.00% MBRF3 15.99 — 0.00% MBRFY 3.00 ▼ 0.99% INTER 5.77 ▲ 1.05%
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Sunday, June 14, 2026

Argentina Latin America

Milei’s Cabinet Chief Can’t Explain His Properties

By · April 8, 2026 · 4 min read

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Key Points

Manuel Adorni, Milei’s cabinet chief, acquired at least two undeclared properties while earning approximately $2,500/month — including a $230,000 apartment where the sellers themselves lent him 90% of the purchase price

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Federal prosecutor Gerardo Pollicita has opened an enrichment investigation and summoned the notary who handled the transactions to testify Wednesday, April 8

Milei is publicly backing Adorni while spending Easter weekend posting nearly 1,000 anti-journalist messages on social media — 14 hours of screen time in four days, according to La Nación’s count

The Adorni scandal in Argentina has become the most damaging governance crisis of the Milei presidency — not because of the amounts involved, which are modest by Latin American corruption standards, but because it strikes directly at the anti-casta identity that put Milei in power. As reported by La Nación and Infobae, the revelations are accumulating faster than the government can contain them.

What the Records Show

The cascade began when Adorni’s wife, Bettina Angeletti, was spotted on an official government delegation to New York without any formal role. That disclosure triggered a sequence of further revelations. A video surfaced showing Adorni and his family boarding a private jet to Punta del Este — a round trip costing approximately $10,000. Reporters then uncovered that Angeletti had purchased a house in the private Indio Cua Golf Club, 80 kilometers from Buenos Aires, in late 2024. The property was not included in Adorni’s asset declaration filed with the Anti-Corruption Office.

When Adorni held a press conference to address the controversy, he inadvertently revealed that he now lives in an apartment in Caballito — also undeclared. La Nación subsequently reported that he purchased the Caballito apartment in November 2025 for $230,000, and that the two retired women who sold it — aged 72 and 64 — also lent him $200,000 to complete the transaction. That means nearly 90% of the registered purchase price was financed by the sellers themselves. Additionally, his previous apartment in Parque Chacabuco carries two mortgages: one from 2014 for $75,000 from the original seller, and a second from November 2024 for $100,000 from two other women — executed on the same day Angeletti bought the golf club house.

The Salary Problem

Until early 2026, when he received a nearly 100% raise, Adorni earned approximately 3.5 million pesos per month — roughly $2,500. On that salary, the accumulation of a golf club house, an undeclared apartment, a Jeep Compass (acquired in March 2024 without selling his previous vehicle), reports of Caribbean vacations, and private jet travel to Uruguay presents what Argentine law calls an “unjustified patrimonial increase.” Investigative outlet Diagonales calculated that Adorni’s declared wealth multiplied tenfold since entering government. Federal prosecutor Gerardo Pollicita has opened a formal investigation for suspected illicit enrichment, and the notary who handled the Caballito and Indio Cua transactions, Adriana Mónica Nechevenko, is scheduled to testify on Wednesday with all documentation.

Milei’s Response: Back Adorni, Attack Journalists

President Milei has chosen to double down. He convened a cabinet meeting on Monday — the first since February 24 — explicitly to show unity behind Adorni, placing him at the center of the room and instructing all ministers to coordinate their agendas through his office. Milei and his sister Karina, the presidential secretary general who controls internal appointments, have made clear that Adorni retains their confidence. When Adorni was elevated to cabinet chief in November 2025, it was Karina’s backing that secured the appointment — and that backing has not wavered.

Simultaneously, Milei spent Easter weekend on a sustained social media offensive against the press. La Nación tallied nearly 1,000 messages — 86 original posts and 874 reposts — over four days, consuming an estimated 14 hours of screen time. He revived his slogan “NOLSALP” (an abbreviation meaning “we don’t hate journalists enough”) and used it repeatedly. When pressed by reporters at his last appearance, Adorni responded: “I spend my money on what I see fit, and I won’t discuss my spending decisions with you — you’re just a journalist.”

Why This Matters Beyond the Numbers

The Adorni scandal lands in a compressed political calendar. The CGT’s general strike is scheduled for Thursday, April 10, grounding 258 flights and shutting down transport, banking, and schools. The union’s demands have broadened beyond labor reform to encompass the entire austerity agenda — and a cabinet chief who cannot explain his property acquisitions hands the opposition a readymade argument about who the austerity is actually for.

It also follows a pattern. The $LIBRA cryptocurrency scandal in February 2025 saw Milei promote a token that crashed 90%, and the ANDIS disability agency kickback allegations implicated officials close to Karina Milei. Each time, the government’s defense has been the same: deny, attack the messenger, rally the base. But the accumulation of scandals is testing the structural credibility of a presidency built entirely on the promise of being different from the political class it replaced. The notary testifies Wednesday. The strike comes Thursday. And October’s elections are six months away.

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