MercoPress. South Atlantic News Agency
Cristina Fernandez will stand trial on charges of financial mismanagement
A judge in Argentina has ruled that the former president, Cristina Fernandez should stand trial on charges of financial mismanagement. Fernandez is accused of fraudulently administering state funds in 2015. The former economy minister, Axel Kiciloff, and the former head of the central bank have also been charged. Read full article
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Disclaimer & comment rulesAnother nail in Her coffin.
Mar 24th, 2017 - 12:39 pm - Link - Report abuse +8What CFK and the boy Kicillof conspired to do was criminal and cost Argentines around US5 billion. She did it to try to scupper the incoming government and it will be interesting to see how many of her friends and family made money out of under-selling the futures.
Mar 24th, 2017 - 12:45 pm - Link - Report abuse +4She will be jailed at the end of the process. The political tide is turning in all her possible bolt holes (Venezuela, Cuba, etc). Maybe her serving some jail time will dissuade future Presidential corruption in Argentina.....but I wouldn't bank on it ;-D
Mar 24th, 2017 - 04:53 pm - Link - Report abuse +3Unfortunately if CFK finally goes on trial during 2.018 as has been announced, the chances are that she will have managed to get herself elected as a Deputy or Senator of whatever Province she decides to run. She has the option of choosing he Province of Santa Cruz or Buenos Aires, as she lives in one and is a registered voter in the other. and therefore will have inmunity due to her position in whatever Chamber and cannot be imprisoned. However I do believe, provided I understand Argentina law correectly, yes be condemmed. Furthermore I understand that if she is condemmed to 2 years or less, she would not serve any prison sentence, whatever her stutus is at the tme.
Mar 24th, 2017 - 07:05 pm - Link - Report abuse +2Perhaps some other reader of MERCOPRESS can enlighten us on this point.
Where is British Kirchner to come to her defence. Can anyone resurrect this sycophantic Troll.
Mar 24th, 2017 - 07:24 pm - Link - Report abuse +3He must be due for a return.
Have no fear, Kamerad/Komrade Rique will be here soon enough. No doubt he will claim that it is all about diverting attention from the Teacher's strike. Of course, the Narcokleptocrats sent their droogs out into the street to swell the numbers, so who's kidding whom?
Mar 24th, 2017 - 08:10 pm - Link - Report abuse +2Where is British Kirchner
Mar 24th, 2017 - 08:17 pm - Link - Report abuse +3Probably evolved into another troll with an odd name..
Rumors are rife that she is paying about £55 a week for protesters to turn up in the city centre twice a week
Mar 24th, 2017 - 10:22 pm - Link - Report abuse +1How's Blair doing lately?
Mar 25th, 2017 - 02:16 am - Link - Report abuse -2CFK is going to court for doing far less to Argentina than what Blair did to the UK.
Or Cameron, for that matter (using a referendum that would affects millions of lives for decades to come as a political toy about his own approval ratings).
Then you wonder why UK Pm's get progressively worse. Well, if they are above the law...
So far, judge Bonadio has failed to investigate who benefited from the “dolar future” operation.
Mar 25th, 2017 - 03:44 am - Link - Report abuse -3As reported by Ambito Financiero last year, one of those was construction company Caputo S.A, owed by Nicolás Martín “Nicky” Caputo, old trusted friend of president Mauricio Macri, who invested u$s 3.5 million in the dollar future operation.
PRO's prominent and Macri's head adviser José María Torello invested u$s 800.000 en contratos de dólar futuro through Schweber Securities S.A.
Chery-Socma Argentina S.A, which represents two associated companies of Franco Macri, operated u$s 8 million through Puente Hermanos S.A.
Former LAN CEO and now government official Gustavo Sebastián Lopetegui purchased and sold 310 contracts representing u$s 310,000.
The Pegasus fund, then headed by now senior government official Mario Eduardo Quintana, operated u$s 1.5 million.
Companies such as S.A. La Nación y Cablevisión S.A. (Clarin Group) operated for u$s 4 y u$s 11 million respectively.
So now it will be up to Bonadio to find “K” personalities who benefited from the dollar future. Will be interesting.
http://www.ambito.com/835603-entre-los-compradores-de-dolar-futuro-aparecen-funcionarios-del-gobierno
I just knew Kamerad /Komrade Rique could not resist. Ambito was taken over by the Indalo group run by Cristobal Lopez , same Narcokleptocratic shills that took over and shut down the last independent vestiges of the Buenos Aires Herald and currently run C5N, not to mention the Kirchnerite cash cow previously known as “Fútbol para Todos.” Nice try, Skullface, but no cigar.
Mar 25th, 2017 - 04:12 am - Link - Report abuse +3http://cdn.emgn.com/wp-content/uploads/2015/09/Addams-Family-Trivia-EMGN4.gif
TWIMC
Mar 25th, 2017 - 08:01 am - Link - Report abuse -2Some facts about this case...:
1) The National Bank complete official list of all “Dollar Future” buyers has been In the public domain for almost a year... (since Aprl 2016)
https://www.scribd.com/mobile/doc/310832260/Compradores-de-dolar-futuro?skip_app_promo=true
2) This list... ~650 pages long, containing ~35,000 names has been thoroughly examined by hundreds of lawyers, journalists, experts etc... and they haven't found but a handful of small amount buyers with a perimetral relation with the Kirchner administration...
2) Quite different is the situation for hundreds of members of the current Macri administration...
Anybody who is somebody in government today seems to be on that list...
FORTUNES WERE MADE OVER A WEEKEND BY THE VERY SAME PEOPLE THAT DECIDED THE DOLLAR DEVALUATION...
3) A not very known fact about this case is that the lawyers of former President Cristina Elisabet Fernandez de Kirchner are so certain to win this case that they petitioned for this trail to go on already in November 2016...
A petition denied “Prima Facie” by judge Bonadio in December 2016...
My humble opinion is that the Macri administration is so desperate in need of smokescreens to hide “THE MACRIX” mess... that they backtracked and decided to go ahead with this trial..., even if the risk of it hitting themselves as a boomerang is enormous...
Fuerza Argentina...
Only 7 months to mid-term elections...
Nice try Gauchito Drink, but really, your “facts” are as believable as your lies, or those of your dancing partner in the “Torturer's Tango Duo.” Of course, the “beneficiaries” you refer to did make the policy or approve it. The ones that did are going to trial. ¡Qué chantapufi!
Mar 25th, 2017 - 09:11 am - Link - Report abuse +4TWIMC...
Mar 25th, 2017 - 09:40 am - Link - Report abuse -2I repeat...:
- A not very known fact about this case is that the lawyers of former President Cristina Elisabet Fernandez de Kirchner are so certain to win it that they petitioned for this trail to go on already in November 2016...:
http://www.clarin.com/politica/cristina-kirchner-juicio-dolar-futuro_0_rkS5SIvbl.html
A petition denied “Prima Facie” by judge Bonadio in November 2016...:
www.ambito.com/862988-dolar-futuro-bonadio-nego-a-cristina-acelerar-juicio-oral-y-pidio-a-uif-datos-sobre-empresas-y-funcionarios-pro
My humble opinion is that the Macri administration is so desperate in need of smokescreens to hide “THE MACRIX” mess... that they backtracked and decided to go ahead with this trial..., even if the risk of it hitting themselves as a boomerang is enormous...
That's right, she did NOT want to give them time to collect evidence to build a case, and you are dancing around the fact that it is the people who actually instituted the policy that are the criminals. You fool no one, Borracho. :)
Mar 25th, 2017 - 09:57 am - Link - Report abuse +4@AustrOllOpithecus
Mar 25th, 2017 - 10:05 am - Link - Report abuse +1You can't prosecute leaders simply for running the country badly and making foolish decisions. They'd all be in jail.
Cameron's referendum was in his manifesto so he was elected on that basis. As for Blair, Parliament voted for the Iraq war, and both main parties supported it (leaving us voters with little choice). The only way he could be prosecuted is if he knowingly lied to get that support.
So I don't really understand what basis they have for prosecuting CFK for this decision - unless they can prove she did it enrich herself or her associates, which does not seem to be the case.
@Think
It is true, isn't it, that Macri had no control over this sale, and had already promised to devalue the peso during his campaign? So it seems those people who benefited were simply gambling on him winning the presidency and doing what he planned to.
Mr. DemonTree...
Mar 25th, 2017 - 10:27 am - Link - Report abuse -4You ask...:
“It is true, isn't it, that Macri had no control over this sale, and had already promised to devalue the peso during his campaign? ”
I say..:
No..., it is't true, it sn't, that Macri promised to devalue the peso during his campaign...
As a matter of fact he promised NOT TO DEVALUE the peso during his campaign...
But don't tale me wordfor it... Judge fr yourself...Direct from the horses mouth...
https://m.youtube.com/watch?v=qNVCGwSIfi8
(LIttle Spanish Tutorial...: In Spanish “NO” means “NO”...)
Macri is doing a much better job and all the scroungers are whingeing. Looking forward to the prosecutions. King Canute little shit Think can't get his head around real world economics, what a surprise! The Peso was held up at a ridiculous level by dead brain government intervention. Now it's at it's correct level dead brain Peronists are squealing.
Mar 25th, 2017 - 11:41 am - Link - Report abuse +2Argentina was stuck in the mud like it's joke Icebreaker. Let's hope for the sake of the decent folk there it doesn't roll over like it's destroyer.
Gauchito Drink lightly dances over the fact that the crime was done to FORCE Macri to devalue the peso, thus destabilizing things further. As I said in another thread, this is standard operating procedure for Peronists, loot the country, when it goes bust, set up the incoming opposition candidate for failure, force them out with public disorder, get a Peronist in, rinse and repeat. Gauchito Drink and Kamerad/Komrade Rique have been making this clear with their propaganda barrage all along, we are now in the “force them out” stage of the operation. Perhaps one or two of our Argentine moderates will provide some insight in that regard...
Mar 25th, 2017 - 11:55 am - Link - Report abuse +4Imoyaro
Mar 25th, 2017 - 03:28 pm - Link - Report abuse +4That is precisely what is going on!!
As to “British Kirchnerist” - doesn't “Think” have enough balls in play already?
Little J
I too would like to know how it might play out for the corrupt harpy.
In a civilised country, someone tainted by scandal and up on charges of corruption and financial mismanagement of a nation, would be unlikely to show their face in public, let alone run for public office.
I suppose there are no laws or policies regarding the integrity of candidates in Argentina.
I suppose Enrique and Think would argue that criminals would be denied their Democratic Rights.
The decision to prosecute, politically motivated or not, does not change the gravity of her crimes.
Mar 25th, 2017 - 05:06 pm - Link - Report abuse +3JB
Mar 25th, 2017 - 07:37 pm - Link - Report abuse +3Quite right,
Just because she might slip her head out of the noose, does not mean Enrique and Think are correct - she should be put on trial for crimes
@Think
Mar 25th, 2017 - 08:15 pm - Link - Report abuse +1Wow, what a liar. That was literally the first thing he did once in office.
But I definitely read articles saying he planned to let the Peso float. I found one:
http://www.reuters.com/article/us-argentina-election-idUSKCN0SU2YG20151105
But what it says is:
“Alfonso Prat Gay, one of Macri's top economic advisors, acknowledged the peso's official rate would weaken if Argentina's various rates of exchange were unified under a single rate, but said Argentines would still prosper.
”What will happen is the official rate will move higher, affecting almost nobody, while all the other rates will fall, helping a large majority of Argentines,“ Prat Gay told Continental radio.”
Meanwhile, “Silvina Batakis, touted by Scioli as the next economy minister, cautioned Macri's plans would trigger a surge in inflation.
”As soon as there is any devaluation, the pass through to prices is automatic, there is no delay,“ she told Radio del Plata.”
I think at this point it's easy to see who was correct.
“In Spanish “NO” means “NO””
That's good to hear. Perhaps you could explain it to the US president?
@Imoyaro
I thought it was an attempt to force him NOT to devalue the currency, because it would result in the country losing a lot of money?
Further to my above post, Reekie seems bent on trying to find something bad to say about Macri's administration, and points out that 'Nicky' Caputo invested US$ 3,5 million in the futures....which is how much of the total scam ? less than 1/10th of 1% of the total loss (US$ 4,9 billion) caused by CFK's fraud....even taking into account the other names he lists, there is still a remaining volume of 99,4% to be connected to 'other ' investors'....Looks mighty like CFK perpetrated the fraud, with the intention that she and her cronies would be the main beneficiaries - and most likely were - but she had no way of preventing others from taking advantage of her scam, as well...
Mar 25th, 2017 - 10:49 pm - Link - Report abuse +4Typical Reekie, focuses on less than 1% and then tries to generalize...
Reekie, where are the replies you owe me ?
Like Lincoln said, all it takes is a man “who can do the arithmetic.” ;)
Mar 26th, 2017 - 04:24 am - Link - Report abuse +3So, summarizing and taking into account the very relevant information offered by Think:
Mar 27th, 2017 - 01:37 am - Link - Report abuse -31. Acts of government are not subject to the judiciary--unless, as rightly pointed out by DT, criminal appropriation has occurred.
2. The massive benefit for many couldn't have happened without devaluation, which was a decision of the Macri government.
3. Among those who benefitted from the dollar future operation we find mainly officials in the current government as well as powerful corporations with close ties with Macri and his clique.
4. Judge Bonadio will have serious difficult proving that CFK ordered the Central Bank, an arms- length institution, to make the dollar future decision.
5. Think suggested Bonadio's decision to start CFK's trial is nothing but a last-minute, desperate attempt by the Macri government to distract an increasingly adverse public opinion from the current problems created by his administration--I agree with this assessment.
@Reekie
Mar 27th, 2017 - 07:49 pm - Link - Report abuse +1Pure BS...
Where are the replies you owe me ? You allege you want serious debate, yet you ignore the issues that are inconvenient to your small brain...show us what you're made of...on seconds thoughts, don't bother, I already have a good idea...
TWIMC
Mar 27th, 2017 - 08:42 pm - Link - Report abuse -3An 《Extra Curl in this Pigs Tail》... is the fact that..., in April 2016..., judge Bonadio gave written permission to the president of the Central Bank..., Mr. Sturzenegger to pay all those “illegal dollar future options” to the buyers...
That's why there is a paralell case were those two Chantapufis are imputed...:
http://www.perfil.com/politica/imputaron-a-bonadio-y-sturzenegger-por-la-causa-dolar-futuro-0420-0038.phtml
- To put it in simpler... words even an Engrish turnip will find easy to understand...:
it would be equivalent to an Enrish Judge busting a pedophile's brothel... but letting all customers with previous reservations get their booked services from them small, sweet inmates...
Capisce?
Ah yes Perfil. Here's my favorite article from that “source”...
Mar 27th, 2017 - 09:35 pm - Link - Report abuse +1http://laverdadnopuedeserignorada.com/2014/12/otra-vez-violaron-a-florencia-kirchner-sergio-massa-fue-el-hombre.html
Capisce. chantapufi?
@imoyaro
Mar 28th, 2017 - 04:42 pm - Link - Report abuse +2If Stink were normal, you'd have given him something to 'think' about....
TWIMC...
Mar 28th, 2017 - 06:13 pm - Link - Report abuse -2A new interesting list..., in alphabetical order..., of the beneficiaries of the “Dollar Future” devaluation scam...
(Persons wih a direct connection with the present Macri administration, highlighed in yellow)...:
https://drive.google.com/file/d/0BzU3wIWxO4_DUVZvU0JHWXhjTjg/view
Not surprisingly...: NO KIRCHNERS..., NO KICILLOFS... on “Ze Lizt”...
Jack, unfortunately Gauchito Drink's remark about an underage bordello indicates that he would be perfectly “normal” in the Argentina depicted in Perfil...
Mar 28th, 2017 - 06:27 pm - Link - Report abuse 0@Jack Bauer:
Mar 29th, 2017 - 08:22 pm - Link - Report abuse -4”The decision to prosecute (CKF) politically motivated or not, does not change the gravity of her crimes.”
Indeed.
Message to judge Bonadio: No need to investigate CFK. No need to ask witnesses, prosecutors or defence lawyers. Be ready for sentencing.
Jack Bauer, honourable MP commentator, will provide you with all the material you really need to come to your foregone verdict.
Mr. Massot...
Mar 29th, 2017 - 09:04 pm - Link - Report abuse -1Juppppppppppp....
Anglo Richy Rich kid commentatorJack Bauer..., who went to a posh Engrish school in Sao Paulo..., which monthly tuition was surely higher than three Brazilian minimum wages..., and therefore profoundly and positively embedded in each and every aspect of daily real life in our multifacetic Subcontinent..., will surely bless us all with the insight we others lack... ;-)
Think, “ As a matter of fact he promised NOT TO DEVALUE the peso during his campaign ” He DID NOT devalue the peso during his campaign, how could he? A promise he kept didn't he?
Mar 29th, 2017 - 10:32 pm - Link - Report abuse +1Cue up the cheesy Bandoneon music it's the “Torturer's Tango Duo!” I see Gauchito Drink, who claims to own a ranch with several horses, have a taste for imported single malt whiskeys, went through a couple of wives, and has finally settled on copraphilia as a behavioral preference, at least in this chat, is making judgements on somebody else's wealth and background. Of course he may have simply been lying, but given the poverty endemic in Argentina over the last 17 years, this seems ludicrous in the extreme. Then we have Kamerad/Komrade Rique, noteworthy for his revolutionary zeal for class warfare in spite of having deserted the barricades when one might have thought “his country” needed him most, denouncing somebody's skepticism about the innocence of the head of a criminal organization that has gutted said country on many levels. Of course, he has stated that Judge Bonadio should be removed from this case, since it appears that conviction would mean that whatever stipend he may have been getting from the previous Narcokleptocracy would be permanently lost.I personally doubt she will be convicted, but Kamerd/Komrade Rique seems to feel she should not even be put on trial. ¡Qué Chantapufis!
Mar 30th, 2017 - 02:56 am - Link - Report abuse +2http://i1290.photobucket.com/albums/b521/imoyaro/KameradR_zps5h5sc4uu.jpg?t=1490756061
Turnip just above...
Mar 30th, 2017 - 09:55 am - Link - Report abuse -41) Not a ranch..., just a ranchito...
2) Horses are as cheap as dirt down here...A good one costs ~ 1/5 of what a dog puppy costs in Northern Europe...
3) It's Whisky...; not Whiskey...
4) My love for dried coconut kernels 《Copra》 is news to me... You may be referring to 《Copro》... I have indeed written a small paper about Patagonian Coprolites eons ago... Have you read it...? Fascinating stuff...!
Sure, Gauchito Drink...sure. ;)
Mar 30th, 2017 - 10:14 am - Link - Report abuse +2http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif
Fascinating indeed...
Mar 30th, 2017 - 10:32 am - Link - Report abuse -3The biggest known “Viking Treasure” left in Engeland to date...:
https://upload.wikimedia.org/wikipedia/commons/f/fa/Lloydsbankcoprolite_001.jpg
Chukle..., chuckle...
What's that got to do with Cristina finally getting hauled in for trial? Bonadio doesn't seem to be getting removed from the case. Bummer, eh?
Mar 30th, 2017 - 12:27 pm - Link - Report abuse +1http://i1290.photobucket.com/albums/b521/imoyaro/KameradR_zps5h5sc4uu.jpg?t=1490756061
Enrique
Mar 30th, 2017 - 07:28 pm - Link - Report abuse 0The whole purpose of a trial is to determine CFK's guilt or innocence.
They have enough evidence to warrant charging her with a crime and sending her to trial.
@Reekie
Mar 31st, 2017 - 08:43 pm - Link - Report abuse 0“Jack Bauer, honourable MP commentator, will provide you with all the material you really need to come to your foregone verdict.”
Reekie, I have judged no one, have only asked you to answer three simple questions...but you don't...why ? problem with telling the truth ?
@McStink the Chimp
“Anglo Richy Rich kid commentatorJack Bauer..., who went to a posh Engrish school in Sao Paulo...”
How childish of you, Stink ...is that envy I sense oozing from your pores ??.....I feel sooo sorry for you that your parents couldn't afford to give you a good education, but that's just the way the cookie crumbles, isn't it ? despite your senseless comment, I'm perfectly capable of seeing things as they are....
But while we're on the subject of education, you obviously thinks yours is good enough to correct imoyaro's comment on “whiskey”...so, what about your “multifacetic subcontinent” ? don't you mean “multifaceted” ???
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