Ex-president of Argentina implicated in money laundering case

Cristina Fernández de Kirchner, former president of Argentina, could be facing charges related to an alleged money laundering scheme. 

A federal prosecutor in Argentina ruled that there is enough evidence to warrant a full-scale investigation into the allegations, The Guardian reports, but Kirchner has not formally been charged. 

{mosads}The ex-president, who left office in December, has long been suspected of being involved in a tax haven scheme linked to businessman and former government contractor Lázaro Báez, a case known as the “K Money Trail.”

Kirchner and her late husband, former president Néstor Kirchner, are suspected of being involved with a plot to charge excessive prices for public infrastructure projects and then launder and hide the money in offshore tax havens.

Báez, who was recently arrested, was also implicated in links to more than 100 offshore accounts revealed in the recent “Panama Papers” leak, according to the Financial Times.

On Friday, two major suspects testified about the alleged scheme, one detailing how money was moved and handing over computer and cell phone data.

The former Planning Minister, Julio De Vido, was also charged Saturday, along with 13 others, CNN Español reports.

According to The Guardian, Kirchner is set to give testimony Wednesday about an unrelated case involving the sale of U.S. dollar futures contracts at below-market rates by the central bank during her presidency.

– Updated at 5:45 p.m.