Former president indicted, assets frozen

Cristina Kirchner, the former president of Argentina, has been charged and had her financial assets frozen by a court over a currency trade which lost the country billions of dollars.

It is the first charge to be levelled against Ms Kirchner, the rabble-rousing, anti-British former leader who divided Argentina into passionate supporters or avid detractors of her highly personal style of leadership.

She is accused of overseeing an operation by the central bank to sell “dollar futures” – contracts to sell the national currency, the peso, at a future date – at an artificially low price in the final months of her presidency last year.

The charges levelled against the former president, her economy minister, the former head of the central bank and 12 members of its board do not make clear who is thought to have benefited from the trade.

But they allege that it was carried out following direct instructions from Ms Kirchner to the minister, Axel Kicillof.

The case is not the first that Ms Kirchner is facing. She has also been named as a suspect in a corruption and money laundering case involving a friend of her husband, Nestor Kirchner, her predecessor as president.

 

source: Telegraph UK

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