Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Argentina’s Kirchner charged with fraud, assets frozen
Former Argentine president Cristina Kirchner <br /><div class="telerik_paste_container" style="border-width: 0px; margin: 0px; padding: 0px; left: 3px; top: 3px; width: 1px; height: 1px; overflow: hidden; position: absolute;">&nbsp;</div>
News
May 13, 2016

Argentina’s Kirchner charged with fraud, assets frozen

BUENOS AIRES, Argentina (AFP) – Assets belonging to former Argentine president Cristina Kirchner were frozen Friday after she was charged with damaging national finances by manipulating the Central Bank’s exchange operations during her last months in office.

Federal Judge Claudio Bonadio said it was “evident that the then president gave instructions — which without a doubt were developed jointly — to her economy minister to carry out the financial operation,” according to a statement released on the Supreme Court’s website.

Bonadio ordered assets worth 15 million pesos’ ($1 million) held by Kirchner to be frozen.

He delivered the same charge and asset freeze against Axel Kicillof, Kirchner’s minister of the economy from 2013 to 2015, and against former Central Bank president Alejandro Vanoli and 12 other former members of its board.

Kirchner, who held office from 2007 to 2015, is accused of having caused a loss in monetary authority through speculative dollar sales by the Central Bank at the end of 2015, just before the election of center-right President Mauricio Macri.

According to the current government, which opposed Kirchner, the operation caused a loss of hundreds of millions of dollars to Latin America’s third-largest economy.

Kirchner’s defenders say that the issue cannot be taken to court as it concerns disagreements over monetary policy aimed at maintaining the value of the peso.

On December 16, just six days after taking office, Macri ordered measures that led to a 34-percent devaluation of the Argentine peso, resulting in an exchange rate of one dollar per 15 pesos.

Kirchner, 63, left office in December after two consecutive terms and is no longer protected by political immunity.

The leftist former leader appeared in court in mid-April, where she refused to answer questions and instead presented a document demanding Judge Bonadio’s dismissal.

Bonadio is an open critic of Kirchner, who in the past tried to have him dismissed from his post.

Kirchner has also been implicated in an embezzlement case, and along with her son, has been swept up in legal proceedings over irregularities in family real-estate activities.

Several former Kirchner administration officials have been tainted by allegations of corruption, but the Macri administration also faces problems.

Former planning minister Julio De Vido faces criminal negligence charges for his poor administration of the railroad system, which resulted in a 2012 train crash that killed 51 people and injured 700.

In April two former transportation secretaries, Ricardo Jaime and Juan Pablo Schiavi, were indicted on bribery and fraud charges relating to the purchase of used train stock from Spain and Portugal.

Lazaro Baez, a wealthy entrepreneur close to the Kirchners who obtained lucrative public works contracts, is in prison while he is investigated on money laundering charges.

President Macri himself is being investigated for alleged links to offshore companies named in the Panama Papers tax evasion revelations.

Nestor Grindetti, a mayor and Macri confidant, is being probed for links to offshore tax havens and was earlier linked to a case of tax evasion in Brazil.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Kingston man remanded after alleged payday robbery
Latest News, News
Kingston man remanded after alleged payday robbery
June 4, 2025
KINGSTON, Jamaica — A man who is accused of waylaying and robbing another man, while threatening to take him before a “don” on payday in April, was re...
{"jamaica-observer":"Jamaica Observer"}
Nintendo fans stoked for Switch 2 ‘mega launch’
International News, Latest News
Nintendo fans stoked for Switch 2 ‘mega launch’
June 4, 2025
Tokyo, Japan (AFP)—With shops planning midnight launch parties after a run on pre-orders, Nintendo releases the Switch 2 on Thursday, hoping to score ...
{"jamaica-observer":"Jamaica Observer"}
Afreximbank wants Caribbean businesses to take advantage of upcoming trade fairs
Latest News, Regional
Afreximbank wants Caribbean businesses to take advantage of upcoming trade fairs
June 4, 2025
BRIDGETOWN, Barbados (CMC) — The African Export-Import Bank (Afreximbank) says it hopes Caribbean businesses will grasp the opportunities being presen...
{"jamaica-observer":"Jamaica Observer"}
Woman ordered to repay millions in land sale scam
Latest News, News
Woman ordered to repay millions in land sale scam
June 4, 2025
KINGSTON, Jamaica — A woman who is accused of obtaining money under false pretences will have just over four months to fully repay $2.7 million she re...
{"jamaica-observer":"Jamaica Observer"}
Another suspect charged in connection to explosion at police outpost in Guyana
Latest News, Regional
Another suspect charged in connection to explosion at police outpost in Guyana
June 4, 2025
GEORGETOWN, Guyana (CMC) — A 28-year-old driver was placed on bail, mounting to one million dollars, after he was charged in relation to the explosion...
{"jamaica-observer":"Jamaica Observer"}
Trump says deal with Xi ‘extremely hard’ as steel tariffs double
International News, Latest News
Trump says deal with Xi ‘extremely hard’ as steel tariffs double
June 4, 2025
Washington, United States (AFP)—Donald Trump said Wednesday it was "extremely hard" to reach a deal with China, but EU and US officials touted progres...
{"jamaica-observer":"Jamaica Observer"}
Deadly stampede at India cricket celebrations
International News, Latest News
Deadly stampede at India cricket celebrations
June 4, 2025
Bengaluru, India (AFP)—A stampede broke out Wednesday as a tightly packed crowd celebrated the victory of their home cricket team in the Indian city o...
{"jamaica-observer":"Jamaica Observer"}
Second major ammunition bust in Westmoreland in two days
Latest News, News
Second major ammunition bust in Westmoreland in two days
June 4, 2025
WESTMORELAND, Jamaica — Six hundred rounds of ammunition were seized by members of the Jamaica Constabulary Force’s (JCF) Firearms and Narcotics Inves...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct