Peruvian President announces resignation before impeachment vote

Image
IANS Lima
Last Updated : Mar 22 2018 | 9:20 AM IST

Peruvian President Pedro Pablo Kuczynski has submitted his letter of resignation ahead of a scheduled impeachment him.

In a nationally televised address on Wednesday, Kuczynski said he was unable to govern effectively due to the persistent allegations of corruption that have dogged him since his first months in office, reports Xinhua news agency.

"Faced with this difficult situation that unfairly makes me appear guilty of actions in which I did not take part, I think it is best for the country that I resign as president of the republic," said Kuczynski.

"I do not want to be an obstacle to the unity and harmony the nation needs so badly," he said, adding his resignation ensures "an orderly constitutional transition."

His resignation follows widely circulated videos of the President's political allies appearing to be buying the votes of lawmakers in the lead-up to Thursday's congressional impeachment hearing.

The businessman-turned-politician took office in July 2016, but was soon engulfed by accusations that he profited from a multinational bribery scheme operated by Brazilian construction giant Odebrecht to win lucrative government public work contracts back in the early 2000s.

The Congress first held an impeachment vote in December 2017, but the opposition-backed initiative failed to garner sufficient votes.

The initiative alleged that Kuczynski's Florida-based company Westfield Capital provided consulting services to Odebrecht while he was minister of economy and finance, and chief of staff, during the administration of former President Alejandro Toledo.

Peru has requested Toledo's extradition so he can stand trial for allegedly accepting millions in bribes from Odebrecht.

--IANS

ksk

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 22 2018 | 9:18 AM IST

Next Story