The China Mail - Argentine court orders $500 mn forfeiture in ex-pres. Kirchner graft case

USD -
AED 3.672501
AFN 64.000152
ALL 82.64958
AMD 368.190044
ANG 1.790403
AOA 918.000282
ARS 1451.021502
AUD 1.425151
AWG 1.8025
AZN 1.694136
BAM 1.707161
BBD 2.0149
BDT 122.802041
BGN 1.69088
BHD 0.377099
BIF 2981.5
BMD 1
BND 1.291418
BOB 6.913076
BRL 5.159394
BSD 1.00038
BTN 94.317225
BWP 13.58542
BYN 2.769718
BYR 19600
BZD 2.012037
CAD 1.414105
CDF 2299.999963
CHF 0.805985
CLF 0.022887
CLP 900.770275
CNY 6.769297
CNH 6.788885
COP 3444.06
CRC 453.281776
CUC 1
CUP 26.5
CVE 96.44992
CZK 21.12795
DJF 177.7201
DKK 6.52257
DOP 58.450282
DZD 133.391791
EGP 49.928444
ERN 15
ETB 158.40191
EUR 0.87263
FJD 2.24625
FKP 0.755912
GBP 0.75595
GEL 2.655027
GGP 0.755912
GHS 11.193995
GIP 0.755912
GMD 72.49971
GNF 8774.999689
GTQ 7.624493
GYD 209.303848
HKD 7.838615
HNL 26.679749
HRK 6.572897
HTG 130.782794
HUF 307.949837
IDR 17797
ILS 2.957605
IMP 0.755912
INR 94.453105
IQD 1310
IRR 1375249.999944
ISK 125.840108
JEP 0.755912
JMD 158.02314
JOD 0.708987
JPY 161.307998
KES 129.394952
KGS 87.450264
KHR 4010.000168
KMF 430.999915
KPW 900.00035
KRW 1530.310066
KWD 0.30802
KYD 0.833672
KZT 488.416955
LAK 22065.000501
LBP 89549.999764
LKR 333.681027
LRD 182.000295
LSL 16.480024
LTL 2.95274
LVL 0.60489
LYD 6.374945
MAD 9.31875
MDL 17.512482
MGA 4199.999994
MKD 53.776432
MMK 2099.523204
MNT 3579.573337
MOP 8.076114
MRU 40.049996
MUR 47.869807
MVR 15.397632
MWK 1737.000105
MXN 17.3491
MYR 4.13201
MZN 63.909541
NAD 16.480079
NGN 1361.088769
NIO 36.630188
NOK 9.70165
NPR 150.908218
NZD 1.74215
OMR 0.384498
PAB 1.000388
PEN 3.383007
PGK 4.387997
PHP 60.762987
PKR 278.350383
PLN 3.71785
PYG 6092.611181
QAR 3.642499
RON 4.571397
RSD 102.42699
RUB 73.728229
RWF 1463.5
SAR 3.752194
SBD 8.058296
SCR 13.64719
SDG 600.495264
SEK 9.579375
SGD 1.29166
SHP 0.746601
SLE 24.749765
SLL 20969.503664
SOS 571.495264
SRD 37.369041
STD 20697.981008
STN 21.45
SVC 8.754097
SYP 110.532098
SZL 16.489788
THB 32.845504
TJS 9.283859
TMT 3.5
TND 2.942499
TOP 2.40776
TRY 46.412499
TTD 6.793553
TWD 31.630703
TZS 2625.494795
UAH 44.960241
UGX 3651.186439
UYU 40.204426
UZS 11549.999886
VES 606.63266
VND 26320
VUV 118.645306
WST 2.751804
XAF 572.560675
XAG 0.01536
XAU 0.00024
XCD 2.70255
XCG 1.802986
XDR 0.703697
XOF 569.500612
XPF 104.625035
YER 237.124983
ZAR 16.483802
ZMK 9001.198534
ZMW 17.894567
ZWL 321.999592
  • CMSC

    0.0500

    22.37

    +0.22%

  • NGG

    -1.2400

    79.44

    -1.56%

  • CMSD

    0.0000

    22.29

    0%

  • JRI

    0.0500

    12.67

    +0.39%

  • BCC

    3.8500

    74.66

    +5.16%

  • GSK

    -1.4800

    50.67

    -2.92%

  • VOD

    -0.2300

    14.3

    -1.61%

  • RELX

    -0.8300

    31.18

    -2.66%

  • BCE

    0.0000

    23.28

    0%

  • AZN

    -2.9600

    174.93

    -1.69%

  • RIO

    -2.5900

    100.08

    -2.59%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • BTI

    -0.5800

    58.91

    -0.98%

  • BP

    -1.0400

    39.1

    -2.66%

  • RYCEF

    -0.0300

    18.4

    -0.16%

Argentine court orders $500 mn forfeiture in ex-pres. Kirchner graft case
Argentine court orders $500 mn forfeiture in ex-pres. Kirchner graft case / Photo: © AFP/File

Argentine court orders $500 mn forfeiture in ex-pres. Kirchner graft case

An Argentine court has ordered nearly $500 million in assets seized from ex-president Cristina Kirchner and other beneficiaries of a corruption scheme for which she is serving a six-year sentence.

Text size:

In a ruling seen by AFP on Wednesday, a federal court ordered the forfeiture of more than 100 assets, including properties, owned by 72-year-old Kirchner, two of her children, and others.

Kirchner, a dominant and polarizing figure in Argentine politics for over two decades, was first lady from 2003-2007, when her late husband Nestor Kirchner was president.

She succeeded him for two terms until 2015 and later served as vice president to Alberto Fernandez from 2019 until 2023, when Javier Milei took office.

In June, Argentina's Supreme Court upheld her corruption conviction over the awarding of public works contracts in the southern Patagonia region when she was president.

She was allowed to serve her sentence under house arrest with an electronic ankle monitor, banned from holding public office for the rest of her life and ordered to pay back nearly $500 million.

In the ruling issued late Tuesday, the court ordered the seizure of assets for the same value, to "restore the illicitly obtained assets -- and their derivatives -- to the State... and at the same time compensate society for the material and symbolic damages resulting from the criminal conduct."

The order covers a property Kirchner owns in Santa Cruz province in the Patagonian region, and 19 assets transferred to her two children.

It also names 84 assets of businessman Lazaro Baez, who is serving time for corruption in road works in Santa Cruz during the administrations of Kirchner and her husband.

- 'I am not afraid' -

Kirchner is also on trial in a second graft case involving millions of dollars in cash bribes allegedly paid by businesspeople to government officials for the awarding of state contracts.

It has been described by prosecutors as "the biggest ever corruption investigation in Argentina's legal history," with over 80 defendants.

Trial hearings in that case are taking place via video conference because there is no courtroom in Argentina large enough to hold all the accused and their lawyers.

Kirchner, a charismatic politician revered by many on the left but detested by the right, maintains she is the victim of a right-wing judicial hounding aimed at destroying her career.

At the Buenos Aires apartment where she is serving her sentence, she has been receiving allied politicians, greeting supporters from the balcony, and posting frequent criticism of Milei's budget-slashing policies.

The same court on Tuesday imposed restrictions on her visitation, limited in future to groups of no more than three people up to twice weekly for no more than two hours.

This came after criticism of a reported meeting between Kirchner and nine economists which had not been previously cleared.

Claiming to be in Milei's crosshairs, she said on X she was being targeted for holding a meeting on the subject of the economy, which she insists the incumbent president is ruining.

"I am not afraid. I know that history, as always, will put things in their place," Kirchner said in another post earlier this month.

"They can invent cases, manipulate judges, or write rulings, but they will not stop the organization of Peronism" -- the political movement she is associated with, named for ex-leader Juan Peron.

Kirchner's attorney in the case did not respond to AFP's request for comment.

J.Liv--ThChM