Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

Argentina's Fernandez Charged With State Fraud

Federal judge Claudio Bonadio describes a scheme to keep the Argentine peso inflated by selling dollars below market value

A judge in Argentina is charging Fernandez with defrauding the State as part of her government's handling of the futures dollar market., photo: AP/Francisco Munoz
1 year ago

BUENOS AIRES, Argentina — Former Argentine President Cristina Fernandez was charged on Friday with defrauding the state as part of her government’s handling of the dollar futures market.

Federal judge Claudio Bonadio said that a scheme to keep the Argentine peso inflated by selling dollars below market value would not have been possible without Fernandez’s approval.

La expresidenta argentina Cristina Fernández saluda a sus partidarios afuera de su apartamento antes de dirigirse a los tribunales en Buenos Aires, el miércoles 13 de abril de 2016. Fernández fue citada a declarar por supuesto fraude al Estado, mientras miles de seguidores le manifestaron su apoyo. (Foto AP/Victor R. Caivano)

Argentina’s ex-president Cristina Fernández Photo: AP/Victor R. Caivano

Bonadio has said this cost the state about $5.2 billion, allowing buyers to make big profits on the transactions. The sales also led to a sharp drop in Central Bank reserves.

Fernandez, who has denied any wrongdoing and says she is the victim of political persecution, can appeal the decision.

Former Economy Minister Axel Kicillof, former Central Bank President Alejandro Vanoli and 12 other former officials were also charged, according to the decision published by the official judicial news agency.

The crime is punishable by 5-20 years in prison.

Fernandez was dogged by corruption allegations during her eight years in the presidency. Since leaving office in December, she has also been included in investigations involving allegations of money laundering and possible illegal enrichment.

Comments Whatsapp Twitter Facebook Share
More From The News
Sports

Prosecutors to Argue Pistorius should ge ...

3 hours ago
Business

Global Shares Drift as Investors Pause A ...

3 hours ago
World

German WWI U-Boat Found off Belgium with ...

3 hours ago
World

Moscow Unveils Monument to Kalashnikov, ...

3 hours ago
Most Popular

Hurricane Maria Smashes Dominica, Now Me ...

By The Associated Press
World

Global Shares Drift as Investors Pause A ...

By The Associated Press
Business

Rohingya Muslims being Wiped Off Myanmar ...

By The Associated Press
World

Mancera Pays Tribute to 85 Earthquake in ...

By Notimex
Mexico

German WWI U-Boat Found off Belgium with ...

By The Associated Press
World