Argentine justice to investigate denunciation against Central Banker

13:50, January 09, 2010      

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Deposed Argentine Central Bank President Martin Redrado speaks to the media in Buenos Aires, capital of Argentia, Jan. 8, 2010. Martin Redrado was restored to office on Friday by an order of federal judge Maria Jose Sarmiento. (Xinhua/Juan Vittori)

Argentine federal judge Norberto Oyarbide is to investigate President Cristina Fernandez's penal denunciation against Central Bank (BCRA) President Martin Redrado, the judicial authorities said on Friday.

President Fernandez on Thursday issued an emergency presidential decree to remove Redrado from office, citing the banker's refusal to use the country's international reserves to pay external debt and accusing him of non-fulfillment of his duties as public officer. It urged prosecutors to take "legal measures" against him.

On Dec. 22, 2009, Fernandez issued the Necessity and Urgency Decree (DNU) to formally create the Fund of the Bicentenary for the Un-indebtedness and Stability, aimed at guaranteeing the payment of the country's foreign debt.

But Redrado refused to transfer 6.569 billion U.S. dollars from the international reserves to the Bicentenary Fund.

On Friday, a day after Redrado was fired by the president, he was restored to office by an order of federal judge Maria Jose Sarmiento, who said her ruling will be valid till Congress gives a sentence on the legality of the decree issued by Fernandez.

Source: Xinhua
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