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Argentina Court Orders Seizure of Properties Linked to Ex-President Fernandez De Kirchner
The court aims to recover about $500 million from over 100 assets tied to a corruption scheme that inflated public works budgets in Patagonia, judges said.
- Nearly $500 million in assets were ordered seized Tuesday by a court in Buenos Aires to restore the illicitly obtained assets linked to Cristina Fernández de Kirchner, seen by AFP.
- The Vialidad case examined 51 road‑building contracts tied to public‑works spending, finding tenders favored businessman Lázaro Báez through inflated budgets and unfinished works in Santa Cruz province.
- Detailed filings show the confiscation covers Cristina's residence in El Calafate, land in Río Gallegos where Los Sauces hotel was built, apartments tied to the family's hotel business, and properties and companies tied to Lázaro Báez and Julio De Vido.
- Judges said the move is about reclaiming losses for the Argentine state and taxpayers, not extending prison time, after Cristina Fernández de Kirchner’s six‑year prison sentence under house arrest and lifetime ban from public office.
- Supporters of Cristina Kirchner insist she faces right‑wing judicial hounding, while Argentina's Supreme Court upheld her conviction, testing investors and expatriates monitoring institutional strength.
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Assets from CFK and Lázaro Báez seized
The Federal Oral Court # 2 (TOF 2) in the Autonomous City of Buenos Aires has ordered the seizure of real estate and funds valued at an updated total of US$684,990,350,139.86 in the ongoing case concerning fraudulent administration against the State's Motorroads Bureau (Vialidad).
·Caracas, Venezuela, Bolivarian Republic of
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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.
·Newport, United States
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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.
·Rochester, United States
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Coverage Details
Total News Sources104
Leaning Left10Leaning Right16Center13Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 26%
C 33%
R 41%
Factuality
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