The K money trail

The Route of the K-Money (Spanish: La ruta del dinero K; "K" stands for "Kirchnerism") was a 2013 political scandal in Argentina. It began with reports on the Periodismo Para Todos television program on the results of it investigation, led by journalist Jorge Lanata. Embezzlement and an associated money trail involved Argentine presidents Néstor Kirchner, Cristina de Kirchner and their employee, businessman Lázaro Báez. The investigation concluded that Báez diverted money intended for public infrastructure to tax havens. The scandal led to an official investigation. To date no judicial investigation ever found any proof of wrongdoing by Néstor Kirchner or Cristina de Kirchner. However, in April 2016 Lázaro Baez was awaiting trial on corruption charges in an Argentinian federal prison.

Periodismo para todos began its 2013 season on April 14. Jorge Lanata reported that according to the tax return Néstor Kirchner sent to the AFIP, the Argentine revenue-collection agency, he and wife Cristina Fernández de Kirchner had personal wealth of US$1.4 million when he became president in 2003. She was elected president four years later; when Néstor Kirchner died in 2010, their assets were US$14.1 million. Lanata said that there was also a large amount of undeclared money.

The first program included interviews with Leonardo Fariña and Federico Elaskar, who detailed methods used by Lázaro Báez to send €55 million to tax havens. Báez, a businessman from Santa Cruz Province, was a close friend of Néstor Kirchner. Fariña worked for Báez, and Elaskar headed SGI (a financial firm used for money laundering). Elaskar detailed operations at La Rosadita, a firm in the Madero Center building in Puerto Madero. La Rosadita channeled money from Santa Cruz to Uruguay and Uruguay to Switzerland, in €1.5-million increments via shell corporations. Elaskar revealed more than 50 financial firms used for similar transactions; the operation required collaboration by banks as well. Fabián Rossi, husband of actress Iliana Calabró, was accused of managing financial operations in Panama.

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