Overview

• Judge Sebastian Casanello charged Fernandez with “negotiations incompatible with public office” and ordered him to stand trial on graft counts.
• Investigators allege Fernandez used brokers, including the husband of his personal secretary, to arrange state insurance deals that could have been negotiated directly.
• The case centers on multimillion-dollar policies purchased through Nacion Seguros, the insurance arm of state-owned Banco Nacion.
• Casanello has frozen roughly $10 million of Fernandez’s assets to ensure funds are available for potential fines and restitution.
• Fernandez plans to appeal the ruling as he concurrently faces a separate domestic abuse trial stemming from allegations by his ex-partner Fabiola Yanez.