Trending

Newsletter

Cristina Kirchner’s Real Estate Firm Linked to Odebrecht in 2014

By: Raquel García - @venturaG79 - Dec 22, 2016, 7:57 pm
Cristina Kirchner's family real estate firm has been linked to Odebrecht.
Cristina Kirchner’s family real estate firm has been linked to Odebrecht, which is ensnared in a corruption probe (Alertaonline).

Español

The Argentine subsidiary of Odebrecht, a Brazilian construction company that has been ensnared in a massive corruption scandal, was involved in business dealings with ex-president Cristina Kirchner‘s family.

The information was released on Thursday by the Infobae news site that had access to the documentation that proves it.

Infobae states that in April 2014, AR $80,000 (USD $ 5,088.80) was transferred from an Odebrecht account at Banco Galicia, to an account at Banco Santa Cruz belonging to a company called Negocios Inmobiliarios SA, owned by the Kirchners, and intimately linked to the administration of the Kirchner family real estate concerns.

According to the text, the operation was executed as “payment to supplier”, which shows that it was not a single transfer, notes Infobae.

According to the latest affidavit of Máximo Kirchner, the son of the exmandataria Cristina Kirchner, Negocios Inmobiliarios SA was sold in 2015, the means of a judicial case that links it with businessman Lázaro Báez, a prisoner for money laundering.

These data come to light after revealing the payment of bribes of the Brazilian construction giant to Argentine officials during Kirchner’s management.

According to a US court document released on Wednesday, the Brazilian construction company acknowledged having paid fines of USD $35 million in Argentina between 2007 and 2014.

“Between 2007 and 2014 Odebrecht paid more than 35 million dollars in payments in bribes to intermediaries, with the knowledge that these payments would be made, in part, to government officials in Argentina,” the document said.

During this period Odebrecht was awarded public works contracts for the expansion of gas pipelines, the construction of a water plant and a refinery for the state-owned petroleum company YPF, in addition to, among others, the excavation for the Sarmiento Line railway, according to published reports by Clarín on Thursday.

Odebrecht issued a statement saying it agreed to pay a fine of USD $3.5 billion in Brazil, the United States, and Switzerland “for the resolution of the investigation into the company’s participation in the performance of illegal acts practiced to the benefit of the company’s economic group.”

The same document also outlines payments made in other countries, including Angola, Argentina, Colombia, Dominican Republic, Ecuador, Guatemala, Mexico, Mozambique, Panama, Peru and Venezuela. The company routinely used bribes to obtain contracts valued at US $12 billion between 2001 and 2016.

Julio de Vido, who was in charge of the Planning Ministry during the period in which bribes were allegedly paid in Argentina, denied being linked to these acts of corruption.

The ex-official, who has been implicated in several ongoing corruption cases during his public administration, asked for justice to be done, and called for an investigation into the supposed intermediaries who took bribes.

De Vido also noted that Mauricio Macri’s cousin is said to be a partner of Odebrecht, and was allegedly involved in the construction of a gas pipeline in Cordoba province, and excavation for the Sarmiento railroad.

Source: Infobae, Clarín

Raquel García Raquel García

Raquel García is a Venezuelan journalist with over 16 years of experience in digital outlets and radios. She currently lives in Buenos Aires, Argentina. Follow her @venturaG79.

United Nations “Commemorates” Dictator Fidel Castro

By: Orlando Avendaño - @OrlvndoA - Dec 22, 2016, 6:51 pm
Cuban dictator Fidel Castro was honored this week by the United Nations for fighting for "justice and equality" (

Español On Tuesday, December 20, the United Nations General Assembly members paid tribute to the Cuban dictator Fidel Castro, who died on November 25. General Assembly President Peter Thomson said during the commemoration that Fidel Castro was "one of the most emblematic and influential leaders of the twentieth century." He added that for many the dictator "concretely embodied the struggle of the global south for independence, justice, and development." Read More: Fidel Castro: The Homophobic Dictator and His Forced Labor Camps Read More: The Legacy of Fidel Castro: A Millionaire Military Caste in Perpetual Power "Castro's activism for a more just and equitable world made him a symbol of resistance and inspiration for people around the world, in Latin America, Africa, and beyond," Thomson said. Likewise, outgoing UN Secretary-General Ban Ki-moon described the leader of the Cuban Revolution as "one of the most important leaders of Latin America in the twenty-first century and the most influential figure in Cuban history since his own hero, José Martí, who fought for Cuban independence until the end of the 19th century. " The dictator "left an important mark on his country and global politics ... Until his last days he was deeply interested in the future of humanity and the challenges of our times," said the former Secretary-General in statements read by the Undersecretary for Political Affairs of the UN, Miroslav Jenca. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); }); In addition, more than 30 speakers representing different groups and countries stood up to fondly remember the Cuban leader. "Castro was a true defender of the global south and of the new international economic order, as well as of the establishment of a peaceful, prosperous, just and equitable multipolar world," Venezuela's Deputy Foreign Minister Samuel Moncada said. Fidel relinquished power to his younger brother Raul in 2o08, but continued to exert a larger-than-life presence over the Caribbean island. He was a perpetual thorn in the side of the United States, and sponsored revolutionary movements throughout the world for much of his tenure as the authoritarian ruler of Cuba. Source: El Nuevo Herald

Weekly E-Newsletter

Get the latest from PanAm Post direct to your inbox!

We will never share your email with anyone.