▁the ▁buy ers . ▁Some ▁of ▁the ▁most ▁notable ▁cases ▁included ▁the ▁EN T el ▁state ▁phone ▁company , ▁priv at ized ▁in ▁ 1 9 9 0 ▁with ▁US $ 1 8 0 ▁million ▁in ▁land ▁gift ed ▁to ▁its ▁buy ers ▁and ▁at ▁a ▁further ▁loss ▁of ▁US $ 2 5 0 ▁million ▁to ▁the ▁state ; ▁the ▁Som isa ▁state ▁steel ▁works , ▁sold ▁to ▁Te ch int ▁in ▁ 1 9 9 2 ▁for ▁one ▁sevent h ▁the ▁book ▁value ▁of ▁US $ 1 ▁billion ▁that ▁Jorge ▁Tri aca , ▁Als og ar ay ' s ▁prede cess or ▁at ▁Som isa , ▁had ▁estimated ; ▁and ▁Aer ol í ne as ▁Argent inas , ▁sold ▁free ▁of ▁li abilities ▁in ▁ 1 9 9 0 ▁( at ▁a ▁cost ▁to ▁Argentina ▁of ▁US $ 8 0 0 ▁million ) ▁to ▁Spain ' s ▁I ber ia , ▁which ▁inde bt ed ▁the ▁air line ▁by ▁US $ 9 0 0 ▁million ▁over ▁the ▁next ▁de cade ▁while ▁s elling ▁off ▁ 2 9 ▁of ▁the ▁ 3 0 ▁air plan es ▁the ▁firm ▁owned ▁when ▁it ▁was ▁priv at ized . ▁ ▁IBM ▁sc andal ▁( 1 9 9 5 – 9 8 ) ▁Al leg ations ▁emer ged ▁in ▁ 1 9 9 5 ▁that ▁IBM - Ar gent ina ▁had ▁paid ▁US $ 3 7 m ▁in ▁kick back s ▁and ▁b rib es ▁in ▁ 1 9 9 3 ▁to ▁win ▁a ▁US $ 2