Latin America Under Attack – Argentina Cristina De Kirchner Faces 20 Years Behind Bars On Charges Of ‘State Fraud’

‘It’s impossible to believe that a financial operation of this size … could have been carried out without the approval of the highest executive level of the national government,’ the ruling said. 

But Fernandez has denied any wrongdoing and says she is the victim of political persecution, since the criminal complaints were filed by officials in her successor Mauricio Macri’s coalition.

The defendants have placed the blame squarely on Macri’s government, and an investigation has been launched against current deputy cabinet chief Mario Quintana, among others, the Argentina Independent reported. 

Macri won the presidency on a platform of ditching currency controls that he said were strangling the economy.

Since lifting the controls in mid-December the peso has weakened by about 30 percent to 14.1575 per U.S. dollar.

Inflation reached 6.5 percent in April, the biggest monthly price jump since Argentina’s worst economic crisis 14 years ago, the Buenos Aires statistics agency reported Thursday.

CONTINUE READING