BUENOS AIRES — Former Argentine cable magnate Eduardo Eurnekian is embroiled in a $5 million tax evasion probe.
Argentina’s tax agency claims the businessman, now operator of most of the nation’s airports, failed to declare goods held abroad that stemmed from the $700 million sale of his majority stake in leading cabler Cablevision in 1994. The cabler is now controlled by Hicks, Muse, Tate & Furst and Liberty Media.
Eurnekian, who owns a minority stake in fourth-ranked broadcaster America TV, denies wrongdoing, according to his lawyer, Roberto Marconi.
The probe comes as Argentine President Nestor Kirchner steps up the fight against tax evasion, which denies the government an estimated $7 billion each year.
In May, directors of theater chain Village Cinemas were rounded up for alleged involvement in the dodging of $1.4 million in taxes.