Uruguay minister resigns amid investigation

LEONARDO HABERKORN
Last updated 11:07 23/12/2013

Relevant offers

World

Greece 'blackmailed' over bailout, PM Alexis Tsipras claims IKEA Australia plans online push, changes instore In Germany v Greece, Angela Merkel is winning Thousands of Greeks rally for 'yes' vote to creditors' terms Crowdfunding to solve Greece's debt crisis through Indiegogo Greece in IMF loan default - what happens now? Greece defaults on IMF loan despite late appeals for aid Drunken Aussie employee who abused bosses was unfairly dismissed At barren shops and closed banks, Greeks feel strain of 'economic war' Man in wheelchair robs bank in New York

Uruguay's economy minister has resigned as a judge investigates alleged fraud in the failure of the national airline Pluna.

President Jose Mujica took no questions Saturday after announcing that Fernando Lorenzo resigned just before his interrogation by an investigative judge.

Pluna flew for 75 years before going bankrupt last year, costing the state millions of dollars.

Lorenzo tried to sell the company's assets in an auction where the only buyer turned out to be a stand-in for Pluna's competitor, Argentine businessman Carlos Lopez Mena.

His Buquebus company dominates travel between Montevideo and Buenos Aires.

A prosecutor wants Lorenzo and Banco Republica president Fernando Calloia charged with abuse of power, and Pluna's last private owner Matias Campiani charged with fraud.

Any charges will likely be settled by Uruguay's Supreme Court.

Ad Feedback

- AP

Special offers

Featured Promotions

Sponsored Content