Alexandra's Feed
Sep 4, 2015

Guatemala’s president quits, jailed pending hearing on corruption charges

GUATEMALA CITY, Sept 3 (Reuters) – Guatemala’s Otto Perez
resigned as president and was jailed on Thursday while a judge
weighs charging him in a corruption scandal that gutted his
government and plunged the country into a political crisis days
before a presidential election.

In an emergency session, Congress approved Perez’s
resignation after the retired general quit overnight. Former
vice president Alejandro Maldonado was sworn in as president to
fill out the remaining months of Perez’s term.

Sep 4, 2015

Guatemala’s president quits, jailed on corruption charges

GUATEMALA CITY (Reuters) – Guatemala’s Otto Perez resigned as president and was jailed on Thursday while a judge weighs charging him in a corruption scandal that gutted his government and plunged the country into a political crisis days before a presidential election.

In an emergency session, Congress approved Perez’s resignation after the retired general quit overnight. Former vice president Alejandro Maldonado was sworn in as president to fill out the remaining months of Perez’s term.

Sep 3, 2015

Guatemala’s president quits, faces charges in graft scandal

GUATEMALA CITY (Reuters) – Guatemala’s Otto Perez resigned his presidency and turned himself in to a court on Thursday to face charges in a corruption scandal that gutted his government and plunged the country into chaos days before a presidential election.

Congress, in an emergency session, approved the resignation of Perez, a 64-year-old retired general who quit overnight. Vice President Alejandro Maldonado will fill out the remaining months of Perez’ term.

Sep 3, 2015

Guatemala’s President Perez resigns over graft scandal

GUATEMALA CITY (Reuters) – Guatemalan President Otto Perez has resigned, his spokesman said on Thursday, after becoming embroiled in a corruption scandal that has gutted his government and plunged the country into chaos days before a national election.

Thousands of protesters had flooded the streets of the capital, Guatemala City, and other cities in recent weeks calling for Perez, a 64-year-old retired general, to quit over allegations of involvement in a customs racket.

Sep 3, 2015

Guatemala judge orders detention of President Perez in graft scandal

GUATEMALA CITY, Sept 2 (Reuters) – A Guatemalan judge has
issued a detention order for President Otto Perez, the attorney
generals office said on Wednesday, amid a graft scandal that
has gutted his government and plunged Guatemala into chaos days
before a presidential election.

Perez had his immunity from prosecution stripped by
lawmakers on Tuesday in a fast-moving climax to a crisis that
has roiled Guatemala for months. The 64-year-old retired general
was elected on a ticket to combat crime and corruption.

Sep 3, 2015

Guatemala judge orders detention of President Perez: Attorney General

GUATEMALA CITY (Reuters) – A Guatemalan judge has issued a detention order for President Otto Perez, the attorney general´s office said on Wednesday, amid a graft scandal that has gutted his government and plunged Guatemala into chaos days before a presidential election.

Perez had his immunity from prosecution stripped by lawmakers on Tuesday in a fast-moving climax to a crisis that has roiled Guatemala for months. The 64-year-old retired general was elected on a ticket to combat crime and corruption.

Sep 2, 2015

Guatemalan President Perez will not flee over graft scandal: lawyer

GUATEMALA CITY (Reuters) – Guatemalan leader Otto Perez, who is fighting to save his presidency after becoming engulfed in a corruption scandal that gutted his government and sparked widespread protests, will not flee the country, his lawyer said on Wednesday.

Perez, a 64-year-old retired general who was elected on a ticket to combat crime and corruption, has denied any wrongdoing and said he would not resign over a graft scandal that has upended his administration ahead of Sunday’s presidential election.

Sep 1, 2015

Exclusive: Mexico withheld millions in tax refunds from P&G, Unilever, Colgate

MEXICO CITY (Reuters) – Mexico’s government withheld hundreds of millions of dollars in tax refunds owed to Procter & Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks.

After luring foreign companies with corporate tax breaks for years, Mexico moved to boost its tax take as oil output has slumped, encouraged by an Organisation for Economic Co-Operation and Development crackdown on profit-shifting to low-tax countries.

Sep 1, 2015

Mexico withheld millions in tax refunds from P&G, Unilever, Colgate

MEXICO CITY, Sept 1 (Reuters) – Mexico’s government withheld
hundreds of millions of dollars in tax refunds owed to Procter &
Gamble, Unilever, and Colgate combined as it sought to coax them
and other multinationals to pay more income tax locally,
according to people close to the talks.

After luring foreign companies with corporate tax breaks for
years, Mexico moved to boost its tax take as oil output has
slumped, encouraged by an Organisation for Economic Co-Operation
and Development crackdown on profit-shifting to low-tax
countries.

Aug 26, 2015

Mexico to unveil energy investment vehicle in September -sources

MEXICO CITY, Aug 26 (Reuters) – Mexico plans to launch in
September a new low-tax investment vehicle aimed at tapping
markets to fund energy infrastructure in Latin America’s second
biggest economy, four people familiar with the matter told
Reuters.

The new vehicle comes at a time of oil market oversupply
that has depressed prices and reduced oil companies’ capacity to
invest, but Mexico’s newly opened power market could still prove
an attractive near-term destination.