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Argentina: a relative of the vice-president sentenced to 12 years in prison for money laundering

2021-02-24T21:24:01.965Z


An Argentinian businessman at the center of a corruption investigation involving ex-president Cristina Kirchner and her late husband Nestor was sentenced to 12 years in prison on Wednesday for money laundering. Read also: Argentina imposes a solidarity tax on the most fortunate A Buenos Aires court found Lazaro Baez guilty of transferring $ 55 million in dirty money to tax havens between 2010 an


An Argentinian businessman at the center of a corruption investigation involving ex-president Cristina Kirchner and her late husband Nestor was sentenced to 12 years in prison on Wednesday for money laundering.

Read also: Argentina imposes a solidarity tax on the most fortunate

A Buenos Aires court found Lazaro Baez guilty of transferring $ 55 million in dirty money to tax havens between 2010 and 2013, a period during which Peronist Cristina Kirchner was the head of the country.

She is now vice-president of center-left president Alberto Fernandez.

The money was then used to buy Argentine Treasuries and then deposited into the accounts of Austral Construcciones, a company owned by Mr Baez, 64.

The businessman's four children were sentenced to terms ranging from three years suspended to nine years in prison.

Seventeen other people were also convicted in this case.

Lazaro Baez has been in pre-trial detention since 2016, a period that will be removed from his sentence.

Since September, he has been under house arrest with an electronic bracelet.

A former bank manager, he created a commercial empire in the south of the province of Santa Cruz, winning tenders for oil and public works activities under the chairmanship of Nestor Kirchner (2003-2007), then his wife Cristina (2007-2015).

In a separate trial, Cristina Kirchner is tried for the fraudulent award, during her presidency, of public contracts in her stronghold in the province of Santa Cruz, Patagonia, for the benefit of Lazaro Baez, whose companies won most of the calls for 'offers.

Cristina Kirchner, 68, who denounces judicial persecution, is prosecuted in nine cases of alleged corruption during her presidency.

Source: lefigaro

All news articles on 2021-02-24

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