A statement on the presidential website, published on November 2, said P&G had inflated the price of imports by $138 million in an effort to get money out of the South American country.
Argentina also accused the company of attempting to avoid taxes.
P&G said it was working to understand and resolve the allegations.
“We don’t pursue aggressive tax/fiscal planning practices as they simply don’t produce sustainable results,” said P&G spokesman Paul Fox.
The alleged fraud involves shipments of razors and other hygiene products.
The statement, published on behalf of Argentina’s Federal Administration of Public Revenue (AFIP), added that details of the alleged fraud have been sent to its counterpart in the US – the Securities and Exchange Commission.
P&G has been operating in Argentina since 1991 and currently runs three manufacturing plants and two distribution centers in the country.
At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…
The House of Representatives has finally approved $61 billion in new US military aid for…
The real estate market in the United States has always been a gauge for economic…