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Investor wants $20 million for Argentine flagship

Accra, Ghana (AP) - international investors into a $20 million price tag Argentina navy training ships, Thursday in Ghana judge ruled that ARA, LIBERTAD can't sail, until the South American countries to solve outstanding debt claims.
Most investors against the us dollar in 2005 accepted 30 cents, the Argentine bonds, America's creditors demanded a full payment.
The judge Richard Agyei Frimpong has ordered the tall sailing ship in the day horse port, creditors' approval Argentina's assets held in the United States and Britain of all the places in the world reference judgment. On Thursday, he said, Argentina failed to persuade him to delete the ban.
The Argentine government says the ruling violated the international standard, and ruling of the judge, in the United States, Germany and France, Argentina's military epilepsy vascular immune.
The ruling "damage Ghana international responsibility, increase the political level, judicial cases of bilateral relations, the influence of Argentina's defense ministry says." It says, the country's deputy secretary of defense and foreign minister will travel to Africa and the highest authority of the Ghana to discuss this matter.
The case is NML investment co., LTD., a subsidiary company of elliott capital management fund billionaire Paul singh, require payment of the full raise interest rates of Argentine bonds in the big sale price to buy these people, who lead a group, 2002 years after the Argentine economic collapse. About 93% of the holder of a bond is accepted against the U.S. dollar penny seven years ago, but Argentina did not come to residual molecular.
Singer, "every potter praises his own pot he buy debt by default, let him after can be in geometry by his investment strategy always win." This usury, is unethical, is particularly harmful African countries, Argentina's foreign ministry Thursday said in a statement.
Three mast training ship the "tower to Ghana's friendly mission, and hundreds of from Argentina, Chile, Uruguay and Peru navy students' trip to west part. The Chilean government, said on Thursday that it has with the navy and the students' families keep contact, along with the development of the situation.
Louis suarez, a cadets in the ship kitchen work, tell Argentina radio access to the Internet and mobile phones, they can go home and family of. He said the food and crew by bus to the city for shopping, but their action is restricted.
, "suarez said:" we are not free circulation.
, NML now plan to apply for the auction of the ship, it hope will force after the Argentine bonds in Ghana reflect the value of the ship. At this point, ships and crew will be able to leave port, Argentina will be confiscated bonds, NML accept money.
NML lawyer, ace onam Ankomah, said his side put forward a bill, said: "you know what, we demand is all about $350 million, but if you release a $20 million bond, we will agree to go with you to court, this ship can leave. Therefore, we are waiting to hear them."
Argentina response, also won't bend.
"Argentina will end all the possibility of justice in Ghana and in the international court to defend their sovereignty, opposing the vulture funds and those who impose a global system, the people's lives are subject to speculative capital," foreign ministry said.
Robert pull this, Argentina, the task force in Washington lobbying group, on behalf of the holder of a bond is the director of the said, Ghana, people will benefit from Thursday's ruling.
The Raben statement said: "as a country, carries out the rule of law, an increase in investment and economic growth, and this is what Argentina has been the opposite direction - critical it has the ability to pay debt,". "With the results of these policies, Argentina's investment has evaporated, it has become the international social isolation.




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