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Colombian Finance Minister Ricardo Bonilla Resigns Amid Corruption Allegations

Colombian Finance Minister Ricardo Bonilla has stepped down at the request of President Gustavo Petro following allegations that he ignored the bribery of parliamentarians. The accusations stem from claims by a former adviser who alleged Bonilla was aware lawmakers were being paid to support key reforms championed by Petro’s administration.

The attorney general’s office claims that $200,000 from public funds was used for the bribes. Bonilla, however, has denied any wrongdoing, maintaining his innocence throughout the scandal.

Speaking at a press conference on Wednesday, Petro announced Bonilla’s resignation and named his deputy, Diego Guevara, as his replacement. The president defended Bonilla, stating, “I asked for his resignation not because I believe he is guilty, but because they want to destroy him for his loyalty to me.”

A Widening Corruption Scandal

Bonilla’s resignation comes as a major corruption scandal shakes Colombia’s political landscape. Numerous top government officials and MPs, including members of both the ruling party and the opposition, have been implicated.

In July, the country’s intelligence chief, a close ally of President Petro, resigned after prosecutors accused him of orchestrating bribes to parliamentary leaders to expedite the passage of key legislation.

Impact on Petro’s Reform Agenda

President Petro, who took office in 2022, campaigned on a bold platform of social reforms aimed at addressing inequality and poverty in Colombia. However, the growing corruption allegations pose a significant challenge to his administration’s credibility and reform agenda.

Observers suggest the scandal may derail Petro’s legislative initiatives, as public trust in his government and its reform efforts erodes. Petro’s decision to distance himself from Bonilla may be an attempt to protect his administration from further fallout.

The situation highlights the deep-rooted challenges of corruption in Colombian politics, threatening Petro’s vision for transformative governance in the country.

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