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The Argentine ex-president prosecuted for a speculative operation on the exchange rate

L’ancienne présidente argentine, Cristina Kirchner, le 2 mai à Buenos Aires.

Argentinean federal judge indicted Friday, May 13 the former President Cristina Kirchner (2007-2015) of “fraudulent administration to the detriment of public administration.” She is accused of having endorsed, in the last months of his term, irregularities in the sales of dollars by the central bank on the futures markets.
The judge Claudio Bonadio considered “obvious the president then gave instructions – probably developed jointly – his economy minister for this financial transaction is conducted “, in a decision published on the website of the Supreme Court . He also ordered the freezing of assets of M me Kirchner to a value of 15 million pesos (one million dollars).

The same prosecution and even embargo were also pronounced against the former Minister of economy (2013-2015), Axel Kicillof, the former president of the central bank, Alejandro Vanoli, and 12 other former board members of this organization. These charges are appealable. The accused have been remanded in custody.

No immunity

In that case dating back to shortly before the election of the new president’s center-right Mauricio Macri, the bank Central is accused of selling millions of dollars by taking bearish positions on the futures market in anticipation of an expected devaluation of the peso. Under the Kirchner era, Argentina has regularly sold dollars to support the peso and try to curb inflation in double digits. Under the current government, which was in opposition at the time, this maneuver has lost hundreds of millions of dollars to the third Latin American economy.

Ex-President left had appeared on April 13 in connection with this matter, refusing to answer questions from the judge, offering instead a document in which it requested the dismissal of the judge. His presence before the Court turned to the political forum, the former ruling haranguing tens of thousands of supporters in court. The charges, she said that the action of the Central Bank was in line with its mission “to preserve monetary stability, financial, employment, economic development with social equity” .

Kirchner, 63, enjoys no immunity since she left office in December after two consecutive terms. She was also quoted in an embezzlement case to Switzerland via tax havens involving pillars of Kirchner system. She and her son Maximo Kirchner MP, also the subject of proceedings for alleged irregularities in the management of family real estate business.

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