corruption ring: Lopez was arrested in June, accused of trying to conceal around 9 million 8.6 million euros in cash in a monastery, according to Deutsche Welle. The source of the money remains unclear. Two former aides - ex-Planning Minister Julio de Vido and former Public Works Secretary Jose Lopez - were also named, along with businessman Lazaro Baez, whose company Grupo Austral allegedly received irregular contracts for road construction. Frozen assets Fernandez' assets, estimated at more than 10 billion pesos 615 million euros; 643 million were frozen as a result of the judge's order, according to the justice news portal CIJ. Fernandez and her co-defendants are accused of involvement with a corruption ring that gave particular companies a favored status when contracts were given for public works projects between May 2003 and December 2015. In May, she was indicted on charges of manipulating currency exchange futures markets, allegedly causing large losses in government finances. She denies any wrongdoing.
(news.financializer.com). As
reported in the news.
Tagged under corruption ring, euros topics.