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Court Orders 685 Billion-Peso Asset Forfeiture Targeting Cristina Kirchner and Lázaro Báez

The order implements the final Vialidad sentence following the lapse of the 10‑day payment window.

Overview

  • Federal Tribunal TOF 2, led by judges Jorge Gorini, Rodrigo Giménez Uriburu and Andrés Basso, executed a decomiso totaling $684,990,350,139.86 after defendants failed to pay.
  • The measure covers properties tied to Báez and his companies—Austral Construcciones, Kank y Costilla, Gotti Hnos. and Loscalzo y Del Curto—and about 20 assets linked to the Kirchner family, including holdings in the names of Máximo and Florencia.
  • Next steps include appraisal of the assets, registration in the national seized-assets database and notification to the Supreme Court, with potential realization of assets to satisfy the forfeiture and pursue reparations prioritized for Santa Cruz.
  • The court rejected defense objections and applied national law and anti‑corruption conventions, allowing recovery of transformed, substituted or mixed assets and those held by third parties unless acquired in good faith for value.
  • The execution proceeds on a solidary basis across the nine convicts for assets incorporated between 2003 and 2015, with additional properties of Nelson Periotti, José López, Mauricio Collareda, Raúl Pavesi and Raúl Daruich to be sold if needed.