Former president Cristina Fernández de Kirchner and her children, Florencia Kirchner and Máximo Kirchner, will face trial on alleged money-laundering allegations after a federal judge this week decided to elevate his investigation, sending it to oral and public trial. Disgraced Kirchnerite business allies, Lázaro Báez, Cristóbal López and Fabián De Sousa will also face trial.
An Argentine court on Tuesday prosecuted ex president Cristina Fernandez and her children, Maximo and Florencia, as alleged heads of an illicit organization to launder money in association with public works contractors. The ruling includes the seizure of family assets equivalent to US$ 8.5 million and handing over their passports.
The two children of Argentine ex president Cristina Fernandez, Florencia and Maximo Kirchner, showed up in court on Monday morning to be questioned on a case involving a family company which owns several hotels and allegedly has been involved in money laundering and unlawful association among other crimes.
Argentine justice started to value properties belonging to former president Cristina Fernandez at her home province of Santa Cruz in the framework of an investigation into a society, Los Sauces, of which she is a shareholder. We are rating the properties; we want to know the exact value of them, said prosecutor Carlos Rivolo who has the case.
An Argentine judge who on Monday ordered a raid of real estate offices belonging to the son of President Cristina Fernandez, on an ongoing probe into money laundering and tax elusion, was removed from the case on Thursday. A Federal court ruled the nullity of the order issued by Judge Claudio Bonadio after a presentation by Romina Mercado, niece of President Cristina Fernandez de Kirchner and who also happens to figure as the head of the Hotesur company under investigation.
The Indalo Media group which according to Argentine media belongs to businessman Cristobal Lopez, very close to the Kirchner family has purchased 60% of the Ambito editorial group which includes among others the financial daily Ambito, the Buenos Aires Herald and El Ciudadano from Rosario.
Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.
Argentine gambling industry tycoon Cristobal Lopez and who has been targeted by Paul Singer from Elliott Management in his hunt for assets connected to Argentine leaders, has closed for 'a year' a casino he owns in Florida and which he only opened last February.
Citigroup has told the US appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.
Brazilian state-controlled energy giant Petrobras plans to continue operating in Argentina although it may sell some assets there, CEO Maria da Graças Foster said.