🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Ex-Argentine President Fernandez charged with money laundering - media

Published 09/04/2016, 20:02
© Reuters. Fernandez de Kirchner gestures during a ceremony on her last day in office at the Casa Rosada Presidential Palace in Buenos Aires

BUENOS AIRES (Reuters) - Cristina Fernandez, who stepped down as president of Argentina in December after eight years in office, has been charged by a prosecutor with money laundering, local media reported on Saturday.

The decision follows testimony on Friday by businessman Leonardo Farina, who in a plea bargain implicated Fernandez and her late husband and former President Nestor Kirchner in a case related to money laundering and embezzling funds earmarked for public works.

Julio De Vido, a longtime Fernandez and Kirchner ally and former minister, was also charged, local newspapers Clarin and La Nacion reported, citing judicial sources.

Reuters could not immediately confirm the charges with the prosecutor's office.

Last Tuesday, another Fernandez ally, businessman Lazaro Baez, was arrested for questioning as part of the same investigation.

Fernandez, 63, is due to answer questions in court on Wednesday over a separate probe into the sale of U.S. dollar futures contracts at below-market rates by the central bank during her administration.

Fernandez, a leftist leader from the Peronist party, was barred constitutionally from seeking a third consecutive term. Opposition candidate Mauricio Macri won the November election, ending more than a decade of Peronist rule.

© Reuters. Fernandez de Kirchner gestures during a ceremony on her last day in office at the Casa Rosada Presidential Palace in Buenos Aires

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.