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October 25, 2014

Among eight former alianza officials

Saturday, January 4, 2014

PRO’s Sturzenegger charged for debt swap

Former Banco Ciudad''s president Federico Sturzenegger during an audience in the Senate. (TÉLAM)

Eight former Alianza officials, among them the current PRO lawmaker and former president of Banco Ciudad Federico Sturzenegger, were charged yesterday on the accusation of “negotiations incompatible with public office” for their role in the so-called megacanje, or large debt swap, of 2001.

Federal Judge Sebastián Ramos also charged former officials Horacio Tomás Liendo, Ernesto Marcer, Guillermo Mondino, Jorge Baldrich, Julio Dreizzen, Norberto López Isnardi y Carlos Molina, but did not order that they be remanded in custody while awaiting trial.

Former economy minister Domingo Cavallo has already been charged in the case but former president Fernando de la Rúa has avoided charges. Both were directly involved in the operations that led to the bond swap that postponed the maturing of debt and led to a ruinous increase in foreign debt prior to the crisis that exploded in the last months of 2001.

Former US ambassador David Mulford, also a banker, remains a fugitive as he is also wanted in relation to the swap.

Herald with DyN

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