Argentine Vice President Cristina Fernández lashed out at the verdict, describing herself as the victim of a “judicial mafia.” But she also later announced that she would not run next year for the presidency, a post she previously held in 2007-2015.
President Alberto Fernández, who is not related to his vice president, said on Twitter that she was innocent and that her conviction is “the result of a trial in which the minimum forms of due process were not taken care of.”
Prosecutors Diego Luciani and Sergio Mola said the Báez company was created to embezzle revenues through improperly bid projects that suffered from cost overruns and in many cases were never completed. The company disappeared after the Kirchners' 12 years in power, they said. Politicians and analysts had noted that until her appeal is settled, Fernández would be free to run for any elected office — from a seat in Congress to the presidency — and obtain immunity arrest by being elected.
Patricio Giusto, director of the consulting firm Diagnóstico Político, predicted Fernández will deepen her “strategy of victimization and equating herself” with Luiz Inácio Lula Da Silva, the leftist politician who has just been elected president of Brazil after a court overturned his prison sentence for corruption.
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