PARAGUAY: VICE-PRESIDENT VELAZQUEZ RESIGNS AFTER US SANCTIONS

On 12 August, Deutsche Welle reported that Paraguay’s Vice-President, Hugo Velazquez said he would offer his resignation to his party and retire from the presidential race, following the US decision to blacklist him from entry over “significant” acts of corruption.   The US alleges Velazquez’s close associate Juan Carlos Duarte offered a bribe to a public official in Paraguay with the intent to “obstruct an investigation that threatened the Vice President and his financial interests”; and Duarte is also accused of breach of trust in his capacity as a legal advisor to the Yacyreta Bi-National Entity hydroelectric plant, a joint venture between Paraguay and Argentina.  The US also blacklisted the immediate family members of both men.  Duarte also said he would resign and added that he planned to cooperate in the investigation.

https://www.dw.com/en/paraguay-vice-president-velazquez-resigns-after-us-sanctions/a-62794445

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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