Corruption Scandal Rocks Argentina: Key Facts About President Milei’s Sister

Buenos Aires, Argentina — Allegations of corruption surrounding Karina Milei, sister of President Javier Milei, have shaken Argentina’s political landscape. Leaked audio recordings suggest she may have benefited from kickbacks linked to pharmaceutical contracts, fueling protests, economic jitters, and political uncertainty ahead of key elections.

Here are five important things to know about the scandal:

1. The Alleged Kickback Scheme

Leaked audio, allegedly recorded by Diego Spagnuolo, former head of Argentina’s National Disability Agency, claims Karina Milei received a 3% cut from contracts with Suizo Argentina, a pharmaceutical supplier. Reports suggest the scheme generated over \$500,000 monthly, with funds distributed among officials and affiliates.

2. The Government’s Denial and Counterattack

President Javier Milei has strongly denied the allegations, labeling them “politically motivated lies.” He promised legal action against Spagnuolo. Meanwhile, Karina Milei—currently serving as General Secretary of the Presidency—has remained silent, further fueling speculation.

3. Protests and Public Backlash

The scandal has triggered street protests across Buenos Aires. During a recent campaign event, Milei’s motorcade was attacked with stones and bottles, forcing a quick evacuation. Public frustration reflects growing doubts about the president’s anti-corruption agenda.

4. Economic and Market Impact

Argentina’s economy, already struggling, has been further rattled by the scandal. The peso weakened, the Buenos Aires stock index dipped, and the country’s risk index surged, as investors fear instability tied to corruption allegations.

5. Political Stakes Ahead of Elections

The timing of the scandal is critical. Buenos Aires province heads to the polls in September, with nationwide midterm elections in October. Analysts warn that the controversy could erode Milei’s credibility, weaken his coalition, and embolden opposition forces.

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