Former Argentine president faces 20 years behind bars as she is indicted for ‘defrauding her country out of $5BILLION’…(Good Start! Few Thousand To Go!!)
Cristina Fernandez de Kirchner was indicted Friday for defrauding state
She, along with 14 others, are accused of selling the central bank’s US dollars below market value to inflate Argentine peso
Judge will investigate whether the move was a deliberate attempt to sabotage her successor
Fernandez has denied wrongdoing, says she is the victim of political persecution, and places blame on current president Mauricio Macri
Members of his administration are also under investigation
Under Macri, the peso has weakened by about 30 percent since December
JESSICA CHIA
DAILYMAIL.COM
14 May 2016
Former Argentine President Cristina Fernandez de Kirchner was indicted on Friday for defrauding the state out of an alleged $5.2billion.
Federal judge Claudio Bonadio said a scheme to inflate the Argentine peso by selling the central bank’s US dollars below market value would not have been possible without Fernandez’s approval.
Bonadio is investigating whether the move, enacted in the last few months of her second term, was a deliberate attempt to sabotage her successor, the Argentina Independent reported.
The judge said the state lost more than $5billion, allowing buyers to make big profits on the transactions. The sales also created a sharp drop in Central Bank reserves.
The Rest…HERE
