Wednesday, October 28, 2020

Salvadoran President Nayib Bukele launches anti-corruption commission


Salvadoran President Nayib Bukele on Friday unveiled a new independent commission to tackle corruption, taking inspiration from a U.N.-backed body that toppled the previous president of neighboring Guatemala.

Bukele, who took office in June, has vowed to stamp out corruption that has implicated former presidents and said he had created the International Commission Against Impunity in El Salvador (CICIES) through presidential decree.

The body’s name draws heavily on that of the International Commission Against Impunity in Guatemala, or CICIG, whose probes brought down dozens of senior officials and politicians there including Otto Perez, the prior Guatemalan president.

“There’s a clamor among the Salvadoran people to combat corruption,” said Bukele as he signed an agreement with the Organization of American States (OAS) to create the CICIES.

- Advertisement -

“The people aren’t just calling for corruption to be fought, it wants corruption to be fought with a CICIES.”

The United Nations is also considering a request from Bukele to join the OAS in backing the commission.

“Our biggest achievement would be that CICIES isn’t around in 10 years in El Salvador because democratic institutions have strengthened so much,” said Luis Porto, head of the OAS technical mission. “We didn’t come to stay; we came so that we can go.”

So disruptive was the CICIG in Guatemala that President Jimmy Morales, whose term ends in January, declared its commissioner persona non grata and refused to renew the commission’s mandate after he too ended up in the crosshairs of its investigators.

Related: El Salvador: Ex-President Saca to plead guilty to bribery
- Advertisement -

The CICIG left Guatemala earlier this week.

Bukele said he would also create a special department in the police and the finance ministry to recover money embezzled from taxpayers and to investigate businesses that evade taxes.

Salvadorans are fed up with graft scandals, and many welcomed news of the CICIES’ creation.

“It’s right that they investigate. We can’t have more people coming to line their pockets,” said Juan Lopez, 51, a security guard. “Be it good or bad, things have to come to light.”

Antonio Saca, who was Salvadoran president from 2004 to 2009, is in prison for money laundering and embezzlement.

Mauricio Funes, president from 2009 to 2014, is accused of money laundering and embezzlement involving $351 million. El Salvador is seeking his extradition from Nicaragua, where Funes has lived since 2016 and claims to have political asylum.


Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Brother of ex-Pakistan PM Nawaz Sharif jailed for money laundering

Pakistan Muslim League-Nawaz (PML-N) chief and Opposition Leader in the National Assembly Shehbaz Sharif was sent to jail on Tuesday in a money laundering...

Spanish police arrests operator of Crypto Arbitrage firm Arbistar on fraud charges

The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization...

Newark city councilman charged in bribery and kickback scheme

Joseph A. McCallum Jr., a city councilman in Newark's West Ward, has been accused of taking part in a "bribery and kickback" scheme involving...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks