Last Friday Federal Judge Claudio Bonadio brought charges against former president Cristina Fernandez, accusing her of ordering Argentina’s central bank to illegally trade derivatives, which cost the country $5.5 billion.
against Mr. Vanoli and his board of directors for allegedly violating the bank’s charter by selling dollar futures contracts at below-market rates “to benefit third parties and causing grave damage to the bank’s assets.”
But those are not the only charges she’s facing,
Mrs. Kirchner has been named in two separate probes into corruption allegations. Last month, a federal prosecutor requested she be investigated as a suspect in a money-laundering probe allegedly involving a prominent government contractor and associate of Mrs. Kirchner. Federal Judge Sebastian Casanello has to clear that request, which could lead to formal charges.
More recently, in another case overseen by Mr. Bonadio, a prosecutor requested that Mrs. Kirchner be investigated for allegedly accepting bribes, a request that the judge would have to approve. Mrs. Kirchner said both probes are politically motivated and has denied wrongdoing connected to them.
We’ll be talking about this in today’s podcast live at 1pm Eastern and archived for your convenience.
From 2010: Argentina’s Central Bank crisis: Their mess, or ours too?