A federal court has ordered nearly US$500 million in assets to be seized from ex-president Cristina Fernández de Kirchner and other beneficiaries of a corruption scheme for which she is serving a six-year jail sentence under house arrest.

In a ruling issued late Tuesday, the Federal Oral Court No. 2 (TOF 2), composed of judges Jorge Gorini, Rodrigo Giménez Uriburu and Andrés Basso, ordered the forfeiture of more than 120 assets identified by the Public Prosecutor’s Office as instruments or proceeds of the offence. Prosecutors said the properties, investments and business interests were accumulated between May 2003 and December 2015, the period in which the fraudulent scheme operated.

Fernández de Kirc

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