Connect with us

Hi, what are you looking for?

Economy

Colombia’s Petro says he expects finance minister to resign amid corruption scandal

BOGOTA (Reuters) – Colombia’s President Gustavo Petro on Wednesday said he expects his Finance Minister Ricardo Bonilla to resign amid an ongoing corruption scandal, though the president said he does not think the minister has committed any wrongdoing.

The growing scandal, which is being investigated by the attorney general’s office and other entities, revolves around the alleged misdirection of resources from the national disaster management agency (UNGRD) and has been tied to various officials, including a former interior minister.

Bonilla has previously said he has not committed any crime and respects the work of the attorney general’s office.

“I expect his resignation, not because I believe him guilty, but because they want to tear him apart for being loyal to the government’s program and they want to unconstitutionally take down the government,” Petro said in a long missive posted on X.

Petro has repeatedly accused his political enemies of seeking to illegally remove him from office.

The finance ministry did not immediately respond to a request for comment.

Should Bonilla resign, he will be the second finance minister to leave Petro’s government, which took power in August 2022.

In April 2023, Petro called for the resignation of then-Finance Minister Jose Antonio Ocampo – who was replaced by Bonilla – as well as other ministers after a proposed health reform was held up in the Colombian Congress’ lower house.

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 beneficialinvestmentnow.com