Cristina Fernandez de Kirchner, last president of Argentina, has been charged with money laundering, according to Argentine news reports.

Kirchner served as president from 2007 to 2015. Kirchner's husband, the late Nestor Kirchner, also served as president of Argentina previously. Both are suspected of being involved in a financial scheme: overcharging for public projects and then laundering and concealing the money offshore.

The charges Saturday, reported by news outlet La Nacion, mark the second report in a week implicating an Argentinian leader in corruption.

Kirchner's successor, the more conservative Mauricio Macri, was implicated last week in the Panama Papers revelations.

Observers believe it is unlikely Marci will be formally charged however for his involvement in offshore companies, unlike Kirchner.