Fact Check: Argentina

850 days, 6 hours, 0 minutes ago

SINCE RUFO EXPIRED

Receive email alerts

Kicillof in the Crosshairs of Corruption

Looks like Argentine Economy Minister Axel Kicillof has followed in the footsteps of his predecessor, current Vice President Amado Boudou who is under indictment for corruption.

On Tuesday, in an article titled “Kicillof faces complications with a denunciation linking him to an investment fund and a foreign bank” Infobae reported the following,

“Economy Minister Axel Kicillof could become the third head of this ministry to be prosecuted by the judiciary from Kirchnerist governments if an allegation of corruption for his alleged involvement in an investment fund and an international bank moves forward. This criminal complaint against the minister was filed by citizen Ricardo Juan Mussa.”

The complaint, which was filed by Peronist politician Ricardo Juan Mussa, alleges a number of offenses, including but not limited to: beach of duty by a public official, concealment, illicit enrichment, racketeering, money laundering, and fraud. Kicillof allegedly instructed the Central Bank to sell $200 million worth of bonds in an illegal manner, potentially benefiting his associate Diego Marynberg, and possibly himself.

The complaint also stated, in referring to Minister Kicillof and his deputy minister, that “it is public knowledge that they hold all the government’s power in their hands, not because they have been elected to do so, and they are allowed to do as they wish with the public coffers as if they were personal property.”

Mussa requests that a number of individuals—ranging from journalists at Clarin to former head of the Central Bank Juan Carlos Fabrega—be compelled to testify regarding this incident. Infobae notes that Fabrega’s testimony could be particularly interesting, given “Fabrega knows all about the operations for millionaire profits that some Kirchnerist businessmen received from Banco Nacion and also knows how the Central Bank has authorized discretionary rotation of profits abroad and bond sales like Mussa’s complaint points to.”

These corruption investigations seem to have become quite the trend in CFK’s administration. How long before Cristina herself is a target of such an investigation?