Uruguay minister resigns amid investigation

Last updated 11:07 23/12/2013

Relevant offers


Samarco employees charged with murder over burst dam at Brazil mine Donald Trump's many contradictions about Russia Conspicuously missing from Donald Trump's new venture: His name Illegal wreckers flatten 159-year-old Melbourne pub Australian gaming mogul James Packer concerned for 18 arrested Crown staff in China How Apple backed away from a titanic carmaking plan Chinese government picks a fight with Aussie billionaire James Packer Google's nit-picky interview process is turning great coders away Why I walked away from my $4 million job Donald Trump accuses Saturday Night Live of 'hit job'

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