Creditors Allege Argentine Soy Giant Siphoned $400 Million

Banks are asking a New York judge to subpoena more documents from bankrupt soy-export giant Vicentin SAIC, saying they may have been the victims of “major international financial impropriety.”

Lenders including Rabobank, Credit Agricole, ING and the International Finance Corp., the private-lending arm of the World Bank, want copies of wire transfers by Argentina’s Vicentin and several related companies that include a meatpacker and a vineyard. The banks, together owed $500 million, also want to see transactions by company executives and members of its founding families, court filings dated June 29 show.