Guatemala Central Bank Boss Arrested as Investigations Widen
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Guatemala central bank President Julio Suarez was arrested Wednesday as multiple corruption scandals spark increasing demands for President Otto Perez Molina’s resignation.
Suarez was one of 16 people arrested for fraud as part of a probe into 116 million-quetzal ($15.1 million) contract issued by the Social Security Institute to Drogueria Pisa de Guatemala S.A., according to Ivan Velasquez, chief of the United Nations’ crime-investigations unit in Guatemala. The director the country’s Social Security Institute is also under arrest.