Congress lifts Perez Molina's Immunity

With 132 votes in favor, the Congress decided to remove the president's immunity, who will have to face the accusations of corruption.

Monday, August 31, 2015

While the president insists on staying in office, the commission appointed to examine the arguments in President Perez Molina's defense and evidence presented by the prosecution decided unanimously to recommend to Congress to waive his immunity so that he faces judgement. On September 1st, the Congress voted and decided to remove the inmunity. reports that "... Despite the fact that at 10 o'clock the presence of President Otto Perez Molina was expected in Congress to present his defense, he did not attend the summons and instead sent a written report through Calderon. "

According to the deputy Selvin Garcia, chief of the Creo bench, 'Now that the inquiry Commission has formed its opinion, the deputies are ready to meet and make the impeachment vote in Parliament; this is why we are requesting that within 24 hours an extraordinary plenary session be convened.'"

"... In a tweet the Coordinating Committee for Agricultural, Commercial, Industrialist and Financial Associations (Cacif) stated: 'We demand that members act responsibly and meet and hear the clamor from citizens that Perez face justice.' "

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Guatemala: Sovereign Rating Not Affected by Political Crisis

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In the view of Standard & Poor's the resignation of Perez Molina and the customs fraud will not have a negative impact on debt ratings in the short-term.

From a statement issued by Standard & Poor's:

Mexico City, September 3, 2015.- Otto Perez Molina resigned from the presidency of Guatemala after the National Congress withdrew his legal immunity.

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The Constitutional Court has found that the evidence presented by the prosecution is enough to have Congress to decide whether or not to remove immunity from the president.

The decision to lift the immunity of President Perez Molina so that he may face corruption charges now lies with the legislature.

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The International Commission Against Impunity (CICIG) and the Public Prosecutor filed a request to lift the immunity of President Otto Perez Molina and to carry out a formal investigation based on the evidence which has been gathered.