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Argentina VP Cristina Fernandez Guilty in $1b Fraud, Gets 6 Years

Argentina VP Cristina Fernandez Guilty in $1b Fraud, Gets 6 Years
Argentina VP Cristina Fernandez Guilty in $1b Fraud, Gets 6 Years

Argentine Vice President Cristina Fernandez was convicted and sentenced to six years in prison and a lifetime ban from holding public office for a fraud scheme that embezzled $1 billion through public works projects during her presidency.

A three-judge panel found the Peronist leader guilty of fraud, but rejected a charge of running a criminal organization, for which the sentence could have been 12 years in prison. It was the first time an Argentine vice president has been convicted of a crime while in office, AP reported Wednesday.

Fernandez lashed out at the verdict, describing herself as the victim of a “judicial mafia.” But she also later announced that she would not run next year for the presidency, a post she previously held in 2007-2015.

The sentence isn’t firm until appeals are decided, a process that could take years. She will remain immune from arrest meanwhile.

Fernandez’s supporters vowed to paralyze the country with a nationwide strike. They clogged downtown Buenos Aires and marched on the federal court building, beating drums and shouting as they pressed against police barriers.

Fernandez roundly denied all the accusations. Argentina’s dominant leader this century, she was accused of improperly granting public works contracts to a construction magnate closely tied to her family.

The verdict is certain to deepen fissures in the South American nation, where politics can be a blood sport and the 69-year-old populist leader is either loved or hated.

President Alberto Fernandez, who is not related to his vice president, said on Twitter that she was innocent and that her conviction is “the result of a trial in which the minimum forms of due process were not taken care of.”

Prosecutors said Fernandez fraudulently directed 51 public works projects to Lazaro Baez, a construction magnate and early ally of her and her husband Nestor Kirchner, who served as president in 2003-2007 and died suddenly in 2010.

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