An investigation reveals that over 63% of the squid fishing fleet operating within Argentina’s Exclusive Economic Zone (EEZ) is controlled by Chinese-owned companies. Several of these companies have a history of illegal fishing practices. Despite operating under the Argentine flag, these vessels reportedly benefit from concealed subsidies provided by the Chinese government. The findings raise concerns about foreign control over a vital Argentine resource and potential fraudulent activity within the fishing industry. This dominance allows China to significantly influence squid harvesting in Argentine waters. The investigation highlights a complex situation involving national regulations, international interests, and alleged illicit practices. Authorities are now facing pressure to address the issues of illegal fishing and foreign control within the sector.