Deal #4101

Location #1

Spatial accuracy level
Administrative region
Location
Villa Hayes, Paraguay

Target country
Paraguay
Comment on location
Farm 17326 Villa Hayes District

Land area

Size under contract (leased or purchased area, in ha)
[2011] 10312

Intention of investment

Intention of the investment
Agriculture unspecified, Other (please specify)
Comment on intention of investment
The iiregular acquisition process is being examined for the paraguayan authorities. Because the price was overestimated irregularly.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2011] Concluded (Contract signed)
Comment on negotiation status
The land was acquired from the "Algarrobal" Company (linked to the paraguayan senator Jorge Oviedo)

Implementation status

Implementation status
[2011] Project not started
Comment on implementation status
This is a embezzlement case apparently not for commercial or productive purposes

Purchase price

Purchase price
35053972000
Purchase price currency
Guarani (Gs)
Purchase price area type
for specified area
Purchase price area
12312
Comment on purchase price
The official process was started for .Gs 22.584.594.000 for an area of 10.312 hectares. But finally were bought 12312 hectares with 30% overestimated value

Operating company

Comment on investment chain
Oscar Ayala (INDI former chief) acquired irregularly the land (embezzlement) overestimated the land value

 

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Data source #1

Data source type
Media report
File
Date
2013-09-20
Comment on data source
It relates the whole irregular acquisition process.

Data source #2

Data source type
Media report
File
Date
2013-04-29
Comment on data source
It explains some irregularities in the valuation process

Data source #3

Data source type
Media report
File
Date
2013-04-22
Comment on data source
It relates the overestimated valuation of the land

Data source #4

Data source type
Government sources
File
Date
2012-01-31
Comment on data source
Paraguayan Government Commitment with the Human Right Latinoamerica Court

Data source #5

Data source type
Media report
File

How did the community react?

Community reaction
Rejection
Comment on community reaction
The land was acquired for giving it to the paraguayan communities Yakye Axa and Kelyenmagategma according with a Human Right Latinoamerican Court commandment

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
This land would be a compensation for the communities from the Paraguayan Government

Former land owner (not by constitution)

Former land owner
Private (smallholders)

Former land use

Former land use
Commercial (large-scale) agriculture
Pastoralism

Detailed crop, animal and mineral information

Crops area
Trees (unspecified)

Overall comment

Overall comment
The land was acquired from the "Algarrobal" Company (linked to the paraguayan senator Jorge Oviedo). This is a embezzlement case apparently not for commercial or productive purposes.

Feb. 26, 2018, 9:42 p.m.

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July 16, 2015, 6:25 p.m.

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Sept. 25, 2013, 12:13 a.m.

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