Argentina vice-president facing embezzlement investigation

The written report presented by Mr Di Lello accuses the vice-president of a “vertiginous
and unjustified increase in personal wealth” while he was economy
minister from July 2009 to December 2011.

It also links him with the purchase of land in an “exclusive”
neighbourhood of Pinamar in Buenos Aires province.

Judge Lijo is already investigating Mr Boudou for influence peddling. He
allegedly helped Ciccone Calcográfica, a printing and mint company also
named in the new case, out of bankruptcy in order to benefit his associates.

Mr Boudou is accused of using Mr Vandenbroele, now president of Ciccone, as a
frontman. The government has since awarded the company a contract to print
1.2 billion pesos (£170 million) of banknotes.

Mr Boudou denies knowing Mr Vandenbroele, but a recent raid on one of Mr
Boudou’s upmarket apartments in Buenos Aires revealed Mr Vandenbroele had
been paying the rent.

The 48-year-old vice-president – who has caught the imagination for his love
of motorbikes and the electric guitar – won Mrs Kirchner’s favour when she
nationalised an £18 billion pension fund in 2008. Mr Boudou headed the state
pension and social security agency at the time.

He also chanted and danced in front of thousands of left-wing militants
outside Congress after a bill to expropriate YPF, Argentina’s biggest oil
company, from Spanish energy giant Repsol was passed earlier this month.

Mrs Kirchner has distanced herself from the corruption scandal, choosing not
to mention it in her frequent addresses.

Judge Lijo inherited the Ciccone case after his predecessor was separated from
the investigation last month following a protest by Mr Boudou.

The vice-president filed a complaint to the judiciary, accusing Judge Daniel
Rafecas of conspiring against him and feeding information to the fierce
anti-Kirchner media, led by the Clarín group.

Mr Boudou said Clarín is trying to oust him by launching a “brutal
attack” on his character. He called the group’s CEO a “thug”,
comparing him to the protagonist of The Godfather film.

Mrs Kirchner selected Mr Boudou as vice-president because of his loyalty.

Julio Cobos, his predecessor, had betrayed Mrs Kirchner by casting the
deciding vote in the Senate against a bill to increase grain export taxes, a
proposal that had provoked mass protests.

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