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Judge freezes bank accounts of ex-President of Argentina Cristina Fernández

Cristina Fernandez greeted by followers in Buenos Aires, Argentina, Monday, April 11, 2016.

Cristina Fernandez greeted by followers in Buenos Aires, Argentina, Monday, April 11, 2016.  (ap)

An Argentinian judge froze the bank accounts of former President Cristina Fernández on Thursday as part of an investigation into allegations of defrauding the state in her administration's handling of the dollar futures market.

Judge Claudio Bonadio issued the order after Fernández refused to post a 15 million-peso ($1 million) security.

Fernández left office last year. She's accused of having the Central Bank sell dollars in the futures market at an artificially low rate, causing the state to lose 5.3 billion pesos. If convicted, she could face 5 to 20 years in prison.

Fernández denies any wrongdoing.

On Wednesday, she filed a complaint against Bonadio accusing him of conniving against her with opposition politicians.

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Prosecutors are also investigating whether Fernández had illicitly obtained money in safe-deposit boxes.

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