The Argentine Justice Department resolved to confiscate properties and a million-dollar sum from former president Cristina Fernández and others involved in the ‘Roads’ case, for which the Peronist leader is serving a six-year prison sentence at home.
The Federal Oral Criminal Court 2 of Buenos Aires resolved to confiscate properties and sums of money for an updated total of $684,990 million pesos (about 480 million dollars) in the case that investigated irregularities in the concession of road works in the province of Santa Cruz.
In total there are 20 properties that the Kirchner-Fernández family will lose: a property registered in the name of the former president (2007-2015) as well as 19 properties inherited to her children Máximo and Florencia Kirchner.
The ruling also ordered the confiscation of several movable and immovable property linked to other defendants, including former Minister of Federal Planning Julio De Vido and businessman Lázaro Báez, who were also convicted in the case.
The judicial decision also ordered the registration of the sentence in the corresponding Property Registries, in order to immobilize the assets until the sentence becomes final.
The court justified the measures by considering that the funds and assets obtained by the confiscation “constitute the profit of the crime” and that their recovery is necessary to repair the damage caused to the State.
The ‘Roads’ case reached oral trial in 2019 and led in December 2022 to the conviction of Cristina Fernández for fraudulent administration to the detriment of the State, a sentence that was confirmed on June 17 by the Supreme Court of Argentina.
The former president is serving her sentence in her home in the Buenos Aires neighborhood of Recoleta and remains perpetually disqualified from holding public office. Source: news
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