In a decisive judicial development, the Argentine judiciary is preparing to auction off all assets belonging to Cristina Kirchner and her associates as part of the forfeiture enforcement process ordered in the Vialidad case. The investigation, which involves the former president and eight individuals convicted of defrauding the state through the irregular allocation of public works to Lázaro Báez, seeks to recover a multimillion-dollar sum that could reach 500 million dollars.
The Supreme Court's Appraisal Experts have already received the order from the Federal Oral Court 2 to update the amount of the forfeiture originally set in 2022 at 84 billion pesos (approximately 185 million dollars), a figure that will be adjusted to reflect the actual value of the assets to be recovered. This report will be key to initiating the enforcement stage and subsequent public auction of the seized assets.
CFK tiene dos departamentos en el edificio Madero Center.
Among the assets to be auctioned are a total of 26 properties belonging to the Kirchner family, including two in the Autonomous City of Buenos Aires and 24 inSanta Cruz, as well as 2 top-level apartments and parking spaces in Puerto Madero and the apartment located in San José, where Cristina Kirchner is currently serving house arrest. This last detail reveals an unusual situation: the judiciary considers it feasible to auction the residence where the former president is currently housed.
Prosecutor Diego Luciani, who is in charge of the case, is working with an exhaustive list that also includes assets transferred to Cristina's children, Máximo and Florencia Kirchner, in what is considered a maneuver of "fraudulent insolvency" to evade seizures, as denounced by former deputy Margarita Stolbizer. The report also covers the three family companies – Los Sauces, Hotesur, and COMA S.A. – and the 6 million dollars in cash belonging to Florencia Kirchner.
However, the scope of the judicial action is not limited to the Kirchner family. The list also includes the properties of businessman Lázaro Báez: 37 properties in Buenos Aires, 4 more in the province of Buenos Aires, 132 properties in Santa Cruz and one in Chubut, as well as his companies Austral Construcciones, Loscalzo, Del Curto SRL, and Gotti S.A. Among these, iconic ranches such as Cruz Aike, Río Olnie, and Los Gurises stand out, some of which were inspected in search of buried money.
Estancia Cruz Aike.
According to prosecutors Luciani and Sergio Mola, the damage caused by the K network amounts to a multimillion-dollar deprivation of public resources that should have been allocated to essential areas such as education, health, and justice. For this reason, they insist that, although many assets are seized in different cases, enforcement must proceed in the case that first obtained a final judgment, which in this instance is Vialidad. They also argue that the assets transferred to the children are the product of illicit money and, therefore, are also subject to forfeiture.
The court will grant the convicted individuals a period of 10 business days to pay the updated amount. If they fail to do so, the public auction of the assets will proceed, as occurred in the Cuadernos case with the assets of Daniel Muñoz, former private secretary to Néstor Kirchner.
