• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Argentina's Vice President found guilty of fraud and sentenced to six years in prison after embezzling $1 billion

Home> News

Published 07:54 7 Dec 2022 GMT

Argentina's Vice President found guilty of fraud and sentenced to six years in prison after embezzling $1 billion

Cristina Fernandez de Kirchner, 69, was found guilty of ‘fraudulent administration’ after awarding public works contracts to a friend

Jess Hardiman

Jess Hardiman

The Vice President of Argentina has been sentenced to six years in prison after being found guilty of fraud.

A Buenos Aires court handed Cristina Fernandez de Kirchner, 69, a six-year prison sentence – after prosecutors sought a 12-year term – and disqualified her from holding public office.

In the live-streamed sentencing, she was found guilty by judges as the ‘criminally responsible author of the crime of fraudulent administration to the detriment of the public administration’.

Argentina's Vice President Cristina Fernandez de Kirchner.
REUTERS/Alamy Stock Photo

Advert

Fernandez de Kirchner was found guilty of ‘fraudulent administration’ after awarding public works contracts to a friend who owned a construction firm.

However, it is unlikely that she will ever serve time behind bars due to her role, according to reports.

Fernandez de Kirchner has denied the allegations, describing the court as a ‘firing squad’.

Claiming the charges against her are politically motivated, she added: "This is a parallel state and judicial mafia."

The vice president will not immediately face prison time despite being sentenced, as her office grants her ‘temporary immunity’.

She is also expected to try and appeal the sentence, meaning the case will end up spending years going through higher courts.

In a live video on YouTube after her sentencing, she said: "It is clear that the idea was always to condemn me."

While Fernandez de Kirchner has been banned from public office, she will be able to continue in her role as Vice President while the case continues to go through the courts process.

Prosecutors said Fernandez de Kirchner had given public works contracts to her friend and businessman Lázaro Báez, arguing that the pair had an unlawful partnership while she was President of Argentina between 2007 and 2015.

Fernandez de Kirchner earlier this year.
Esteban Osorio/Alamy Stock Photo

Saying their fraudulent kickback scheme embezzled $1 billion through public works during this period, prosecution explained how Baez fed money back to Fernandez de Kirchner and her late husband Nestor Kirchner, who was also a former president of Argentina.

Diego Luciani and Sergio Mola, prosecuting, said the Baez company was specifically created to embezzle revenues through improperly bid projects, which in many cases were never completed after being dogged by cost overruns.

The company disappeared after the Kirchners’ 12 years in power, they said.

Baez was also sentenced to six years in prison, having already been sentenced to 12 years in prison last year for money-laundering.

According to the BBC, the case marks the first time in history that a vice president has been convicted of a crime while in office in Argentina.

Featured Image Credit: REUTERS/Esteban Osorio/Alamy Stock Photo

Topics: World News

Jess Hardiman
Jess Hardiman

Jess is Entertainment Desk Lead at LADbible Group. She graduated from Manchester University with a degree in Film Studies, English Language and Linguistics. You can contact Jess at [email protected].

X

@Jess_Hardiman

Advert

Advert

Advert

Choose your content:

11 mins ago
2 hours ago
3 hours ago
  • Alpha News
    11 mins ago

    FBI agent looking into Renee Good ICE shooting resigns after being 'pressured to drop investigation'

    Renee Nicole Good was fatally shot by an ICE agent earlier this month

    News
  • GoFundMe
    2 hours ago

    Outrage towards ICE grows as two-year-old girl is detained with father while buying groceries

    A local politician has described the incident as 'kidnapping'

    News
  • Johnny Nunez/WireImage via Getty Images
    3 hours ago

    A$AP Rocky unexpectedly shares how he and Rihanna 'spice things up' in their relationship

    The rapper explained how he and the singer 'keep the funk going'

    Celebrity
  • TLC
    3 hours ago

    15-year-old reality star admits boyfriend was only 12 when she fell pregnant

    The reality star's teen pregnancy story has faced criticism after the trailer for TLC's latest series of 'Unexpected' dropped

    Film & TV
  • Sean Kingston's three-word plea to police as he faces decades in prison after being found guilty of fraud
  • Sean Kingston sentenced to 3.5 years in prison for fraud scheme after making three-word plea to police
  • Venezuela’s vice president makes demand as Trump reveals he has ‘captured’ leader and wife
  • Woman found guilty of killing relatives with poisonous lunch receives prison sentence as sole survivor speaks out for first time