Guatemala Central Bank Head Indicted as Crisis Deepens
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Guatemalan central bank President Julio Suarez was indicted for fraud as part of an investigation into contracts issued by the Social Security Institute, deepening a political crisis in Central America’s largest economy.
Suarez was indicted Tuesday, along with 16 other people, for his role in approving a 116 million-quetzal ($15 million) contract for blood dialysis services awarded by the Social Security Institute. The move comes as President Otto Perez Molina revamps his cabinet and fends off calls by protesters to resign about three months before national elections.