$160 million corruption scandal in Argentina roils its financial markets

Rolando Andrade Stracuzzi/Clarin via AP

• More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal.
• The investigation is throwing Argentina upside down just as it gears up for economic recovery. 
• Watch the Argentine peso trade in real time here.

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Just as Argentina looked poised for a shot at economic recovery, a corruption scandal is roiling the embattled country.

More than a dozen former government officials and business executives were arrested after police raids last week in a case involving illegal payments for favors including public-works contracts that took place over a decade under President Cristina Fernandez de Kirchner.

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