Berliner Boersenzeitung - Guilty of fraud, Argentina's Kirchner banned from seeking office

EUR -
AED 3.891201
AFN 72.039685
ALL 98.100849
AMD 409.437665
ANG 1.900657
AOA 966.712075
ARS 1057.796539
AUD 1.628853
AWG 1.904283
AZN 1.804062
BAM 1.956458
BBD 2.129416
BDT 126.022372
BGN 1.950776
BHD 0.399246
BIF 3069.629473
BMD 1.059406
BND 1.41779
BOB 7.28745
BRL 6.089044
BSD 1.054604
BTN 88.991622
BWP 14.387973
BYN 3.450793
BYR 20764.361575
BZD 2.125815
CAD 1.485457
CDF 3040.496022
CHF 0.935646
CLF 0.037352
CLP 1030.64317
CNY 7.665972
CNH 7.65858
COP 4658.209074
CRC 537.085653
CUC 1.059406
CUP 28.074264
CVE 110.760843
CZK 25.299733
DJF 187.802008
DKK 7.459163
DOP 64.147013
DZD 141.325824
EGP 52.371848
ERN 15.891093
ETB 129.009157
FJD 2.403422
FKP 0.836207
GBP 0.835797
GEL 2.886856
GGP 0.836207
GHS 16.908088
GIP 0.836207
GMD 75.217814
GNF 9143.7349
GTQ 8.14774
GYD 220.634184
HKD 8.246026
HNL 26.670588
HRK 7.557019
HTG 138.537888
HUF 406.568404
IDR 16782.742273
ILS 3.961459
IMP 0.836207
INR 89.410547
IQD 1388.351829
IRR 44593.05834
ISK 144.4706
JEP 0.836207
JMD 167.377857
JOD 0.751226
JPY 163.611505
KES 136.128628
KGS 91.63792
KHR 4291.654328
KMF 492.359227
KPW 953.465181
KRW 1475.678499
KWD 0.325756
KYD 0.878804
KZT 526.201891
LAK 23253.966423
LBP 94922.795608
LKR 307.256209
LRD 193.524202
LSL 19.159367
LTL 3.128151
LVL 0.640824
LYD 5.175185
MAD 10.596141
MDL 19.162624
MGA 4936.832823
MKD 61.531295
MMK 3440.910022
MNT 3599.86222
MOP 8.456242
MRU 42.296799
MUR 49.261911
MVR 16.378548
MWK 1838.06978
MXN 21.41701
MYR 4.741161
MZN 67.722574
NAD 19.159367
NGN 1767.121274
NIO 38.932883
NOK 11.657997
NPR 142.381217
NZD 1.799497
OMR 0.407884
PAB 1.054555
PEN 4.020461
PGK 4.261001
PHP 62.128885
PKR 294.314082
PLN 4.318039
PYG 8220.151812
QAR 3.856769
RON 4.976138
RSD 117.006178
RUB 105.668324
RWF 1451.386498
SAR 3.97711
SBD 8.866721
SCR 14.755111
SDG 637.227276
SEK 11.561199
SGD 1.41845
SHP 0.836207
SLE 23.995293
SLL 22215.223388
SOS 605.446447
SRD 37.508281
STD 21927.569466
SVC 9.22819
SYP 2661.789717
SZL 19.016034
THB 36.644553
TJS 11.221403
TMT 3.707922
TND 3.347386
TOP 2.481232
TRY 36.631616
TTD 7.159475
TWD 34.385467
TZS 2811.644994
UAH 43.676398
UGX 3872.301979
USD 1.059406
UYU 45.225206
UZS 13586.884811
VES 48.448686
VND 26924.808645
VUV 125.774833
WST 2.957429
XAF 656.183822
XAG 0.033996
XAU 0.000406
XCD 2.863098
XDR 0.802277
XOF 656.831773
XPF 119.331742
YER 264.692899
ZAR 19.015291
ZMK 9535.919228
ZMW 29.082151
ZWL 341.128365
  • RBGPF

    1.6500

    61.84

    +2.67%

  • SCS

    -0.0300

    13.2

    -0.23%

  • BCC

    1.4500

    141.54

    +1.02%

  • CMSC

    0.0540

    24.624

    +0.22%

  • NGG

    0.1500

    62.9

    +0.24%

  • RIO

    1.1400

    62.12

    +1.84%

  • VOD

    0.1500

    8.92

    +1.68%

  • RYCEF

    0.0700

    6.85

    +1.02%

  • CMSD

    -0.0500

    24.39

    -0.21%

  • RELX

    0.5900

    45.04

    +1.31%

  • BCE

    0.4100

    27.23

    +1.51%

  • JRI

    0.1300

    13.23

    +0.98%

  • GSK

    0.3400

    33.69

    +1.01%

  • BTI

    0.2900

    36.68

    +0.79%

  • AZN

    0.1600

    63.39

    +0.25%

  • BP

    0.4400

    29.42

    +1.5%

Guilty of fraud, Argentina's Kirchner banned from seeking office
Guilty of fraud, Argentina's Kirchner banned from seeking office / Photo: Luis ROBAYO - AFP

Guilty of fraud, Argentina's Kirchner banned from seeking office

An Argentine court on Tuesday sentenced Vice President Cristina Kirchner to six years in jail for corruption, banning the country's best-known politician from seeking public office after a trial she dismissed as a political witch hunt.

Text size:

Adored and reviled in equal measure by millions of Argentinians, the divisive former president was declared guilty of "fraudulent administration" over irregular public works contracts awarded during her time as president between 2007 and 2015.

Kirchner wrote on social media that "none of the lies were proven" and that she had been convicted by a "legal mafia".

"I won't be a candidate for anything, not a senator, or a deputy or president of the nation," in 2023 general elections, she wrote on social media after the ruling.

Analysts say it is unlikely that Kirchner will head to jail anytime soon, as she holds congressional immunity through her current role, and still has several avenues for appeal, but the ruling places a giant question mark over her future.

"The verdict will have a strong political impact," said political analyst Rosendo Fraga of the University of Buenos Aires, although "the chances of her being arrested for the sentence are non-existent."

Kirchner was charged alongside 12 others for alleged involvement in the illicit attribution of public works contracts in the southern Santa Cruz province in favor of businessman Lazaro Baez.

The period investigated includes Kirchner's eight years in office and the preceding four years when her late husband Nestor Kirchner, who died in 2010, was president.

The public prosecutor denounced what he called "a system of institutional corruption" and "probably the largest corruption operation" in the country, with "systematic irregularities in 51 calls for tenders" over 12 years.

Eight of Kirchner's co-accused were found guilty and sentenced to between three and six and a half years in jail. Three were released and another had their case dismissed as it had passed the statute of limitations.

- Uncertain future -

Kirchner said the charges were a lie made up by her political enemies.

"This court has been a true firing squad," the veteran politician said during her final address to the court, accusing prosecutors of having "dedicated themselves to disrespecting and insulting me."

As vice president, Kirchner is head of the country's Senate and enjoys immunity as a lawmaker.

Fraga said potential appeals could take up to six years or more.

All eyes will be on potential protests after the verdict.

When prosecutors announced they were seeking a 12-year jail term in late August, mass daily demonstrations took place outside Kirchner's apartment building in the upmarket suburb of Recoleta.

During one of these protests on September 1, a man shoved a revolver in her face and pulled the trigger -- but the gun did not fire. Four people have been charged with involvement in the attack.

- Adored and hated -

Several hundred Kirchner supporters gathered outside the courthouse before the verdict was read.

"I am here to defend Cristina. We defend her for what she has done and what we know she can continue to give," said 50-year-old Marcelo Graziano, outside the courthouse.

Kirchner came to prominence as part of the ultimate political power couple, with she and her late husband Nestor Kirchner serving a collective 12 years in the Casa Rosada, the pink presidential palace.

To her working-class base, the Kirchners were the saviors after Argentina's 2001 economic meltdown and social unrest that followed the largest debt default in history, standing up for the little guy against bullies both foreign and domestic.

Her detractors see her as a corrupt, overbearing interventionist who steered the country back towards economic ruin through debt-fueled spending sprees.

(K.Müller--BBZ)