Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Guatemala Congress panel backs ending president's immunity over probe

Published 11/09/2017, 06:55
Updated 11/09/2017, 07:00
© Reuters. Guatemala's President Morales attends a meeting with mayors in Guatemala City

GUATEMALA CITY (Reuters) - A Guatemalan congressional committee on Sunday recommended that President Jimmy Morales lose his immunity from prosecution to face a probe into suspected campaign financing irregularities, paving the way for a full vote in Congress in the coming days.

The decision by the five-member congressional committee means that Congress could vote on its recommendation as early as this week. Presidential immunity can be lifted with the backing of at least two-thirds of the 158-member Congress.

Congressman Julio Ixcamey, head of the committee, told Reuters "the decision was made to remove the president's immunity" and that more details on how the matter will proceed would be given at a news conference at 11 a.m. on Monday.

The attorney general of Guatemala and a U.N. anti-graft body said last month they are seeking to investigate Morales over the illegal financing allegation. Two days later, Morales declared the head of the U.N. body "persona non grata."

Prosecutors may struggle to win enough support in Congress to strip Morales of immunity since the U.N.-backed International Commission against Impunity (CICIG) is investigating all the major parties over suspected illegal financing.

Under the leadership of Ivan Velasquez, a veteran Colombian prosecutor, the CICIG has caused problems for Morales, first investigating his son and brother, and then seeking to prosecute him over some $800,000 in allegedly unexplained campaign funds.

Morales, a former comedian, has denied any wrongdoing.

© Reuters. Guatemala's President Morales attends a meeting with mayors in Guatemala City

The Guatemalan president won office in 2015 running on a platform of honest governance after his predecessor, Otto Perez Molina, was forced to resign and imprisoned in a multi-million dollar graft case stemming from a CICIG investigation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.