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

EUR -
AED 4.28529
AFN 77.000962
ALL 96.449897
AMD 444.681922
ANG 2.088835
AOA 1069.849231
ARS 1712.087371
AUD 1.737404
AWG 2.100032
AZN 1.985732
BAM 1.952677
BBD 2.348877
BDT 142.513867
BGN 1.944507
BHD 0.439822
BIF 3457.469124
BMD 1.166684
BND 1.500242
BOB 8.087904
BRL 6.271978
BSD 1.16625
BTN 105.184692
BWP 15.585617
BYN 3.388251
BYR 22867.013606
BZD 2.345582
CAD 1.619037
CDF 2537.538867
CHF 0.930559
CLF 0.026295
CLP 1031.547615
CNY 8.135523
CNH 8.126009
COP 4330.732373
CRC 579.9044
CUC 1.166684
CUP 30.917136
CVE 110.601918
CZK 24.27246
DJF 207.34339
DKK 7.472193
DOP 74.375542
DZD 151.707443
EGP 55.005204
ERN 17.500266
ETB 181.071058
FJD 2.654032
FKP 0.87031
GBP 0.866339
GEL 3.13823
GGP 0.87031
GHS 12.524321
GIP 0.87031
GMD 85.749547
GNF 10208.487616
GTQ 8.942348
GYD 243.995251
HKD 9.096061
HNL 30.919195
HRK 7.53538
HTG 152.630598
HUF 387.258127
IDR 19682.723627
ILS 3.661849
IMP 0.87031
INR 105.164637
IQD 1528.356522
IRR 49146.579172
ISK 146.765797
JEP 0.87031
JMD 184.934274
JOD 0.827141
JPY 184.525143
KES 150.502466
KGS 102.026973
KHR 4698.817778
KMF 492.340504
KPW 1050.016534
KRW 1710.090454
KWD 0.358837
KYD 0.971867
KZT 595.203411
LAK 25200.382544
LBP 104146.914604
LKR 360.495418
LRD 210.355663
LSL 19.138585
LTL 3.444915
LVL 0.705716
LYD 6.329265
MAD 10.752455
MDL 19.814815
MGA 5320.081297
MKD 61.561588
MMK 2450.050537
MNT 4151.305148
MOP 9.366949
MRU 46.376025
MUR 54.480301
MVR 18.024708
MWK 2025.364495
MXN 20.902492
MYR 4.739658
MZN 74.562442
NAD 19.126782
NGN 1657.753116
NIO 42.916492
NOK 11.747543
NPR 168.295108
NZD 2.021613
OMR 0.448601
PAB 1.1663
PEN 3.920935
PGK 4.975034
PHP 69.198964
PKR 326.613326
PLN 4.210004
PYG 7717.213931
QAR 4.248017
RON 5.08943
RSD 117.334568
RUB 91.383292
RWF 1699.859124
SAR 4.375261
SBD 9.47769
SCR 16.888551
SDG 701.767357
SEK 10.696198
SGD 1.499726
SHP 0.875315
SLE 28.175031
SLL 24464.792123
SOS 666.758537
SRD 44.538212
STD 24148.010884
STN 24.996213
SVC 10.204694
SYP 12903.033143
SZL 19.138184
THB 36.433799
TJS 10.852111
TMT 4.095062
TND 3.374639
TOP 2.809096
TRY 50.296592
TTD 7.921133
TWD 36.840431
TZS 2916.285044
UAH 50.488518
UGX 4202.144824
USD 1.166684
UYU 45.426315
UZS 14134.381208
VES 386.514713
VND 30654.63176
VUV 140.347069
WST 3.248025
XAF 655.058293
XAG 0.013702
XAU 0.000254
XCD 3.153023
XCG 2.101826
XDR 0.816573
XOF 655.17142
XPF 119.331742
YER 278.146434
ZAR 19.111141
ZMK 10501.555797
ZMW 22.654919
ZWL 375.67189
  • CMSC

    0.0400

    23.31

    +0.17%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    -0.3600

    79.76

    -0.45%

  • GSK

    0.0000

    50.39

    0%

  • BTI

    0.4900

    55.68

    +0.88%

  • RBGPF

    2.2900

    82.5

    +2.78%

  • RIO

    1.7500

    82.88

    +2.11%

  • RYCEF

    0.6500

    17.29

    +3.76%

  • AZN

    -1.0200

    93.63

    -1.09%

  • BCE

    0.1000

    23.84

    +0.42%

  • CMSD

    0.1750

    23.865

    +0.73%

  • BP

    0.1200

    34.41

    +0.35%

  • BCC

    -0.0900

    82.96

    -0.11%

  • RELX

    -0.3700

    42.77

    -0.87%

  • JRI

    0.0100

    13.81

    +0.07%

  • VOD

    0.0500

    13.55

    +0.37%

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: Luis ROBAYO - 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.

W.Urban--TPP