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PostPosted: Thu Nov 08, 2018 12:46 am    Post subject: Baez is in preventive custody on Reply with quote


BUENOS AIRES, Dec. 27 (Xinhua) -- Argentina's former president Cristina Fernandez de Kirchner (2007-2015) was prosecuted on Tuesday for embezzlement and organized crime.

Federal Judge Julian Ercolini initiated the prosecution proceedings, and ordered the embargo of one billion pesos (625 million U.S. dollars) in assets belonging to the former head of state.

Fernandez ""was prosecuted today as a member of a criminal organization that committed the crime of aggravated embezzlement,"" state news agency Telam quoted Ercolini as saying.

Three others were also prosecuted for the same charges, including former Planning Minister Julio De Vido, former Secretary of Public Works Jose Lopez and businessman Lazaro Baez.

The judge's decision springs from an investigation into the ""assignation of 80 percent of public works projects,"" mainly road building, in Argentina's southern Santa Cruz province to companies which belong to Baez.

The judge also ordered all bank accounts belonging to the four to be frozen, except for accounts to which pensions or salaries are paid.

In Argentina, organized crime carries a penalty of up to 10 years in prison.

Ercolini's decision can be appealed at a federal court in Buenos Aires, the agency said.

Lopez is already behind bars, being prosecuted on charges of illicit enrichment ""after having been caught trying to hide bags with 9 million dollars in a monastery"" in Greater Buenos Aires.

Baez is in preventive custody on charges of money laundering.

This isn't the first time Fernandez has been prosecuted for crimes while in office since her party lost the presidential elections in 2014.


BEIJING Wholesale Jerseys , Nov. 7 (Xinhua) -- China has released a guideline on mutual recognition of funds (MRF) to help securities investment in the country's inland areas and Hong Kong, according to the central bank.

The scheme, launched on July 1 this year, allows funds domiciled on either side to be sold in the other's market.

According to the guideline released by the People's Bank of China and State Administration of Foreign Exchange Cheap Soccer Jerseys Online , only the total amount of MRF needs to be monitored, and no approval is needed for the quota of an institution or product.

The funds raised through trans-market issuance can flow between Hong Kong and the inland areas in Renminbi and foreign currencies, or can be changed by agents at banks. The settlement via Renminbi is encouraged, the guideline said.

Since July Cheap Soccer Jerseys Free Shipping , more than 10 MRF products have submitted applications and are expected to be put on the market by year end.


SAN FRANCISCO, Jan. 5 (Xinhua) -- U.S. top tech company Apple Inc.'s offer to replace iPhone batteries at lower prices could cut sales by millions of units this year, Bloomberg reported Thursday.

The report quoted Barclays' analyst Mark Moskowitz as saying that Apple could lose 16 million iPhone upgrades in 2018, as more people would take the 29-U.S.-dollar battery offer and decide not to buy a new iPhone.

Last week Cheap New Soccer Jerseys , Apple apologized for slowing down the performance of old-version iPhones with older batteries, which has already drawn multiple lawsuits.

The unannounced move by Apple has aroused anger among some Apple customers, who regarded Apple's secret handling of iPhones with older batteries as a trick to force them to buy newer but more expensive Apple devices.

In response to consumer outrage, Apple said it will cut 50 dollars from the out-of-warranty iPhone battery replacement for the next year.

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HONG KONG Cheap Authentic Soccer Jerseys , Jan. 17 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) is not a ""China's bank,"" but a multilateral development institution operating by international standards, AIIB President Jin Liqun said at a financial forum in Hong Kong.

""AIIB is a bank initiated by China, but it's not a 'China's bank' Cheap Wholesale Soccer Jerseys ,"" Jin said, adding that AIIB, which was created through negotiations of all the 57 founding member countries and now has 84 members, is a multilateral development bank ""operating by international standards and with 21-century governance.""

""We will work with all the countries regardless of their membership ... We recruit professionals from across the world ... (and) we have international competitive bidding (that) any company can participate Cheap Soccer Jerseys From China ,"" Jin said in a dialogue on the impact of China's policies on global economic development during the two-day Asian Financial Forum that concluded on Tuesday.

According to Jin, China's idea to propose this new bank is ""to supplement the efforts of existing institutions like the World Bank and ADB.""

On the relationship between AIIB and other Chinese-proposed initiatives such as the Belt and Road Initiative, Jin said that since lots of projects related to the initiative are for AIIB member countries, the bank is ""duty-bound"" to support these projects.

However Cheap Soccer Jerseys China , he stressed that AIIB will consider financing the projects only if they are financially sustainable, environmentally friendly and acceptable to local people.

""We are not going to do loss-making business ... We are not going to do an infrastructure project leaving a big footprint in the environment ... (and) we should bring benefit to the local people, not to create problems,"" Jin said.


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