• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

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

by December 4, 2024
written by December 4, 2024

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
West Africa central bank keeps policy rate at 3.50%
next post
US economy grew slightly in recent weeks, Fed survey says

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • EU not close to deal with China on EV tariffs, officials say
    • Factbox-Jeju Air crash deadliest on South Korean soil

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy